Besides the complexity and cost, you'd have to refill the water reservoir regularly. Then calcium would build up in the boiler...
I looked at building an absorption cooling system, using the waste heat in the exhaust, to replace the air conditioning in my car. A home-built system is possible, but it would fill my back seat
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My favorite use for the waste heat is thermal electric. A quick google shows 15V 26A modules for $36. Boy, a couple of those could replace my alternator. Bulk buy anyone?