Chemists at the University of California Riverside (UCR) have devised a way of increasing solar cell efficiency by as much as 30%. With current photovoltaic cells unable to surpass 33% due to the Shockley-Queisser limit, a boost of 30%, to a total efficiency of 60% or more, would be absolutely huge — and exactly what solar power needs if it ever hopes to be a cost-efficient alternative to fossil fuel power generation. Best of all, though, this new method for boosting solar cell efficiency has an awesome name: singlet fission.

Currently, all photovoltaic solar cells work in basically the same way. There’s a wafer of semiconducting material (usually silicon) sandwiched between two electrodes. When light (photons) hits the semiconductor, it creates an exciton — essentially a free electron (i.e. electricity). Currently, the Shockley-Queisser limit states that a single photon can only create a singlet (single) exciton, with any extra energy dissipated as heat. Without getting into the physics of it, this results in a max efficiency of just 33%.

Now, however, four chemists at UCR have found a way of turning a single photon into two excitons, by a process known as singlet fission. As the name implies, singlet fission is a process by which a single exciton splits into two triplet excitons. (I’m not sure why they’re called triplets, because there’s only two of them, but I’m not going to argue with four guys who have a lot more letters after their names than me.) The researchers don’t yet understand the exact mechanism for singlet fission, but it seems to occur more readily in semiconductors with multiple, spaced-out bandgaps.

By doubling the yield of excitons in a solar cell, you theoretically double the number of electrons produced. Suddenly, instead of having a max theoretical efficiency of 33%, you’re up t0 60% or more. [DOI: 10.1021/jz500676c – “Singlet Fission: From Coherences to Kinetics”]

In practice, though, it won’t be quite that simple. As the research paper notes, all they’ve done is confirm that singlet fission occurs, and that a lot more research needs to be carried out. “[…] The detailed structure and dynamics of the electronic states involved in the initial step of singlet fission remain active areas of investigation. On longer time scales, finding ways to efficiently harvest the triplet excitons will be an important challenge for making devices based on this phenomenon.” One of the most important factors will be whether singlet fission can be harnessed in standard, inorganic solar cells (silicon), or whether it will be restricted to organic photovoltaics. A lot of work is being done on organic cells, but the technology is less mature (and currently much less efficient) than its inorganic cousins. [Read: Solar Roadways passes $1.4 million in crowdfunding: Just short of the $56 trillion required, but not bad for a crazy idea.]

If the Shockley-Queisser limit can be defeated by singlet fission, then the UCR chemists could be onto something huge. As solar cells push towards 50%+ efficiency, the economics of solar power become a lot more palatable — it goes from being twice the price of energy generated by coal or natural gas, to being around the same price — and really, when it comes to getting the world to adopt alternative energy sources, money talks.