I have been thinking recently about geothermal power and thermoelectric generators. Specifically, I am pondering a design involving a loop of two different metals, about two miles long, placed in a hole drilled into the earth. This would cause the Seebeck Effect between the junctions of the two metals.
Reading the Seebeck coefficient equation: $$V_s=S\Delta T$$
There seems no input for "length of the wire". Is this correct? Are there other practical issues that would cause inefficiencies in such a design?