The growing concern over the depletion of hydrocarbon resources, and the adverse environmental effects associated with their use, has increased the demand for renewable energy sources. Thermoelectric (TE) power generation from waste heat has emerged as a renewable energy source that does not generate any pollutants. Recently, ink‐based processing for the preparation of TE materials has attracted tremendous attention because of the simplicity in design of power generators and the possibility of cost‐effective manufacturing. In this progress report, recent advances in the development of TE inks, processing techniques, and ink‐fabricated devices are reviewed. A summary of typical formulations of TE materials as inks is included, as well as a discussion on various ink‐based fabrication methods, with several examples of newly designed devices fabricated using these techniques. Finally, the prospects of this field with respect to the industrialization of TE power generation technology are presented.