Lightcell: An engine that uses light to make electricity

Two questions I have:

1. How much of the fuel's energy is released as heat? They have a heat recapture device, but that's only used to preheat air/fuel, and not used to generate electricity. Is the energy in the heat simply discarded?

2. Can this be made to work without the process of burning? i.e. can it function purely from heat? If it can, it might be able to replace steam turbines in, for example, nuclear plants or CSP plants. That could be hugely beneficial.

1. The countercurrent heat exchanger achieves exactly that: exhaust gases are cooled while the inflowing fuel mixture is heated up.

2. Thermophotovoltaics in general can operate with any heat source, though this device is clearly optimized for combustion. However, the efficiency is far too low to compete in the large-scale power generation segment. This is almost certainly aimed at light aviation, heavy drones, military applications, etc., where there are not a lot of alternatives that combine small size, high power density and good efficiency.

Wouldn't it generate more heat than is needed to heat the fuel mixture?