Hot Electrons  

Technology Review has an article on research into improving solar PV cell efficiency at Boston College - Hot Electrons Could Double Solar Power.

For decades researchers have investigated a theoretical means to double the power output of solar cells--by making use of so-called "hot electrons." Now researchers at Boston College have provided new experimental evidence that the theory will work. They built solar cells that get a power boost from high-energy photons. This boost, the researchers say, is the result of extracting hot electrons.

The results are a step toward solar cells that break conventional efficiency limits. Because of the way ordinary solar cells work, they can, in theory, convert at most about 35 percent of the energy in sunlight into electricity, wasting the rest as heat. Making use of hot electrons could result in efficiencies as high as 67 percent, says Matthew Beard, a senior scientist at the National Renewable Energy Laboratory in Golden, CO, who was not involved in the current work. Doubling the efficiency of solar cells could cut the cost of solar power in half.