Vanadium dioxide (VO ) is a widely studied inorganic phase change material, which has a reversible phase transition from semiconducting monoclinic to metallic rutile phase at a critical temperature of Ï â 68 °C. The abrupt decrease of infrared transmittance in the metallic phase makes VO a potential candidate for thermochromic energy efficient windows to cut down building energy consumption. However, there are three long-standing issues that hindered its application in energy efficient windows: high Ï , low luminous transmittance (T ), and undesirable solar modulation ability (ÎT ). Many approaches, including nano-thermochromism, porous films, biomimetic surface reconstruction, gridded structures, antireflective overcoatings, etc, have been proposed to tackle these issues. The first approach-nano-thermochromism-which is to integrate VO nanoparticles in a transparent matrix, outperforms the rest; while the thermochromic performance is determined by particle size, stoichiometry, and crystallinity. A hydrothermal method is the most common method to fabricate high-quality VO nanoparticles, and has its own advantages of large-scale synthesis and precise phase control of VO . This Review focuses on hydrothermal synthesis, physical properties of VO polymorphs, and their transformation to thermochromic VO (M), and discusses the advantages, challenges, and prospects of VO (M) in energy-efficient smart windows application.