Steam irons convert electricity to heat primarily through nichrome wire, which acts as a resistor that heats up when electric current flows through it. The generated heat is then conducted to the flat plate using metals that are effective heat conductors. To ensure safety, the electrical components are insulated from the iron's exterior by a non-metal that conducts heat but not electricity. The heat power can be calculated using the formula: Power = voltage squared divided by resistance. For instance, with a voltage of 110 volts and a resistance of 12 ohms, the heat power output would be 1008 watts.