“QVD” detectors are based on thermoelectric heat‐to‐voltage (Q→V) conversion and digital (V→D) readout. For spectroscopic applications, the theoretical performance limits are competitive with superconducting tunnel junction (STJ) detectors and transition edge sensor (TES) devices. We discuss theoretical and demonstrated timing performance of QVD detectors with different design architectures. Detectors with lanthanum‐cerium hexaboride sensors can be very fast, up to 100 MHz/pixel counting rates. They can serve as focal plane detectors for X‐ray timing, in situations where very large apertures are used to gather X‐ray photons at high event rates. Practical implementation of thermoelectric (QVD) detectors requires cryogenic thermoelectric sensors with high figures of merit. There can be different solutions: thin films, bulk materials and “whiskers.” We are exploring all three design options and summarize progress in each area. © 2004 American Institute of Physics