A system and method for providing dry cooling of a source liquid, having a plurality of heat exchangers which depolymerize and polymerize a polymer. Specifically, the depolymerization process is endothermic and draws heat from a source liquid in a first heat exchanger, and the polymerization process is exothermic and expels heat from a second heat exchanger. Additional heat exchangers and holding tanks may be incorporated in the system and method. In some embodiments the system further provides additional cooling of the polymer prior to depolymerization using cooler night ambient air.