It's a promising way to address the global freshwater crisis and energy shortage through solar‐driven devices with evaporate, degrade, and generate electricity at the same time. Low‐efficient light‐thermal conversions for multi‐usage limit application. This paper presents a low‐cost melamine foam/TiO2/carbon black/bismuth (MF/TiO2/CB/Bi) composite with excellent activity to simultaneously process photothermal water evaporation, pollutant degradation, and thermoelectric output, namely‚ shooting three birds with one stone. Under 1 sunlight light intensity, the water evaporation rate reach 4.235 kg m−2 h−1, and the maximum electric power output of a single module is 0.733 W m−2. Meanwhile, Rhodamine B (RhB) solution with 4.0 × 10−4 mol L−1 can be almost degraded within 60 min. Excellent performance benefits from the enhanced adsorption by chemicals, 3D structure for accepting more incident light, and hydrophilic group reducing evaporation enthalpy. Combined with the simulation and experiment, the relationship between heat distribution and thicknesses is studied. When less than 1.98 cm, the lateral temperature is higher than the ambient temperature, thus additional energy cannot be obtained. This work provides a facile and novel method for the construction of photothermal conversion materials with multi‐functional, as a new and useful attempt to solve the shortage of fresh water and electric energy, as well as environmental pollution.