In recent years, nanogenerator technology has developed rapidly with the rise of cloud computing, artificial intelligence, and other fields. Therefore, the quick identification of the evolutionary path of nanogenerator technology from a large amount of data attracts much attention. It is of great significance in grasping technical trends and analyzing technical areas of interest. However, there are some limitations in previous studies. On the one hand, previous research on technological evolution has generally utilized bibliometrics, patent analysis, and citations between patents and papers, ignoring the rich semantic information contained therein; on the other hand, its evolution analysis perspective is single, and it is difficult to obtain accurate results. Therefore, this paper proposes a new framework based on the methods of Sentence-BERT and phrase mining, using multi-source data, such as papers and patents, to unveil the evolutionary path of nanogenerator technology. Firstly, using text vectorization, clustering algorithms, and the phrase mining method, current technical themes of significant interest to researchers can be obtained. Next, this paper correlates the multi-source fusion themes through semantic similarity calculation and demonstrates the multi-dimensional technology evolutionary path by using the “theme river map”. Finally, this paper presents an evolution analysis from the perspective of frontier research and technology research, so as to discover the development focus of nanogenerators and predict the future application prospects of nanogenerator technology.