Hydrogels are renowned for their complex structures and unique physicochemical properties, establishing them as key materials in bioenergy harvesting applications. They are used in various applications, including triboelectric nanogenerators, piezoelectric, hydraulic, thermoelectric, and biofuel cells. Among these, hydrogels as key materials for thermoelectric applications represent a technology capable of continuously converting biological energy (thermal energy) into electrical energy. This technology shows great potential and commercial value in body monitoring, energy storage, and human‐machine interaction applications. Given its rapid development, a timely review focusing on the research progress of hydrogels and their composites in thermoelectric technology is presented. This review discusses various types of hydrogels used for thermoelectric power generation and refrigeration, their unique properties, strategies for enhancing their thermoelectric performance, and their applications in the field. Finally, the remaining challenges and feasible strategies are identified for improving the efficiency, stability, application range, and system‐level integration of next‐generation hydrogels for thermoelectric applications.