Waste heat recovery from power plants and industries requires a new type of electricity generator and related technological developments. The current research work is aimed at the design of a multi-kilowatt thermoacoustic electric generator, which can be employed as the bottoming cycle of a gas turbine power plant or for industrial waste heat recovery. The proposed device converts thermal energy into acoustic power and subsequently uses a piezoelectric alternator to convert acoustic power into electricity. The challenge in designing such a device is that it has to be acoustically balanced. The performance of the device is greatly affected by numerous parameters such as frequency of the traveling acoustic wave, heat exchanger parameters, regenerator dimensions, and acoustic feedback loop. The proposed device is a lab-scale demonstration targeted to produce few kilowatts of electric power from a 20 kWth heat source. DeltaEC software is used to achieve the acoustically balanced configuration of the device. The DeltaEC model outcomes are used to arrive at the optimized design of the device and its components. The analytical method, the optimized geometrical dimensions of thermoacoustic components, and the minimum required conditions of heat source input are presented in this paper.