A thermal management system and method for regulating the dissipation of a thermal load during operation of a vehicle. The thermal management system including one or more cooling loops configured to regulate the temperature of at least one battery pack; and an energy recovery mechanism configured to recover energy dissipated upon the occurrence of a thermal runaway event. The amount of energy recovered maintains the power level at or above the level exhibited by the battery pack prior to the occurrence of the thermal runaway event. Upon the occurrence of the thermal runaway event, the energy recovery mechanism transforms the cooling loop into a Rankine cycle loop or uses a Seebeck effect to recover energy.