The Denver Post reported on Jan. 30, 2007 (I just saw the story) a thermoelectric generator coupled with a stove for use in developing countries. Six engineering and business students at Colorado State University developed the prototype as part of a MBA program and plan to form a for-profit business.
Part of their business plan involves Sewa Bank, an Indian bank that provides banking services to poor, illiterate, self-employed women. Sewa Bank, which pioneered the idea of ‘microloans’, will reportedly provide financing for those who buy the stoves.
The TEG-stove burns wood and can provide enough electricity for lights, a radio or a small television in areas where there is no electricity.