The concept of waste-heat-to-power (WHP) exists, but its efficiency is limited by thermodynamics. Basically, heat energy is not equal to usable energy. All energy ultimately wants to be heat energy, and it is much easier and more efficient to go from electrical or mechanical energy to heat than vice-versa. Therefore, when you do have an application that actually wants heat, not electricity, such as a public swimming pool or district heating, it is way more efficient to use your waste heat as heat. Even in cases where the desired temperature is wildly different from that of your waste heat, you can convert one heat level into another very efficiently using heat pumps.