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Thermodynamic limits of dynamic cooling

We study dynamic cooling, where an externally driven two-level system is cooled via reservoir, a quantum system with initial canonical equilibrium state. We obtain explicitly the minimal possible temperature $T_{\rm min}>0$ reachable for the two-level system. The minimization goes over all unitary dynamic processes operating on the system and reservoir, and over the reservoir energy spectrum. The minimal work needed to reach $T_{\rm min}$ grows as $1/T_{\rm min}$. This work cost can be significantly reduced, though, if one is satisfied by temperatures slightly above $T_{\rm min}$. Our results on $T_{\rm min}>0$ prove unattainability of the absolute zero temperature without ambiguities that surround its derivation from the entropic version of the third law. The unattainability can be recovered, albeit via a different mechanism, for cooling by a reservoir with an initially microcanonic state. We also study cooling via a reservoir consisting of $N\gg 1$ identical spins. Here we show that $T_{\rm min}\propto\frac{1}{N}$ and find the maximal cooling compatible with the minimal work determined by the free energy.