I looked at this technology real hard back in 2008. I went far enough to buy some TEG's off e-bay. I attached them to angle iron and strapped them to my exhaust pipe to see what I could come up with. I am sure it could be done way better than I did but I was very dissapointed with the results. The sum total of the wattage I was supposed to be able to get was about 200 watts according to the specs of the TEG's I purchased. The best I was ever able to get was around 20 watts. There needs to be huge temperature difference between the hot and cold sides to get anywhere near the advertised wattage. I suppose it is possible but in the real world it takes energy to create the temp differences needed. I guess running an HHO generator off one would be possible but the costs involved were too high at the time. The devices would wear out and need replaced before the money it took to buy them could be recovered in energy savings.
When used as a warmer or a cooler a Peltier device is a bery ineffecient device. When used as a TEG it is even worse. In fact when used to generate electrical current a TEG is only 10% effecient as compared to using it to cool or heat something. In case you are not aware when you hook up a TEG to electricity it creates a hot side and a cold side. They are mostly used th coolers to keep things cold using electricity instead of ice.
Maybe the technology has improved over the last 5 years but if it hasn't then I am afraid it is just too expensive to work well. Not trying to be negative I am just sharing my results from going down this rabbit hole.
Larry
2008 Nissan Frontier 4X4 Nismo. 12 MPG baseline with my normal commute and heavy stop and go daily driving. Generator installed and working on 3/29/2009
Up to 14.5 MPG with no enhancers. Still testing the effects of lots of HHO and no electronic enhancers.