AbstractSince its inception about two centuries ago thermodynamics has sparkled continuous interest and fundamental questions. According to the second law no heat engine can have an efficiency larger than Carnot’s efficiency. The latter can be achieved by the Carnot engine, which however ideally operates in infinite time, hence delivers null power. A currently open question is whether the Carnot efficiency can be achieved at finite power. Most of the previous works addressed this question within the Onsager matrix formalism of linear response theory. Here we pursue a different route based on finite-size-scaling theory. We focus on quantum Otto engines and show that when the working substance is at the verge of a second order phase transition diverging energy fluctuations can enable approaching the Carnot point without sacrificing power. The rate of such approach is dictated by the critical indices, thus showing the universal character of our analysis.