If by "dramatically" you mean "by 0.004%", then yes.
More information:
http://www.reddit.com/r/science/comments/i6pfi/new_alloy_can...
More information:
http://www.reddit.com/r/science/comments/i6pfi/new_alloy_can...
Modern gasoline engines have an average efficiency of 20%. Say you put 100J into one. 20J of useful work will be produced, and 80J of heat. Now if 30% of that heat were captured, that's another 24J of useful work. In effect, we've doubled the engine's efficiency from 20% to 44%. That's pretty dramatic.
Which says that the efficiency could reach 30% with some work. I assume that %30 is not a typo.