There is great scientific, economic and environmental interest in the development of thermoelectric materials capable of direct thermal-to-electric energy conversion with high efficiency. Recent theory predicts that in materials with a fine-tuned electronic density of states, electrons can be placed in energy-specific equilibrium, and the efficiency of thermoelectric power generation can approach the fundamental Carnot limit. Here we review the relevant theory of energy-specific equilibrium. We describe a concept for a proof-of principle demonstration of near-Carnot efficient power conversion involving a single, ballistic nanowire at low temperatures, and we discuss the potential for room-temperature applications in diffusive materials.
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