Harvesting energy directly from sunlight using photovoltaic (PV) technology or concentrating solar power (solar thermal energy conversion) is increasingly being recognized as an essential component of future global energy production. The decreased availability of fossil fuel sources and the realization of the detrimental long-term effects of emissions of CO 2 and other greenhouse gases into the atmosphere are driving research and deployment for new environmentally friendly energy sources, especially renewable energy resources. An additional driving force is the increasing worldwide sensitivity toward energy security and price stability. Capturing even a small fraction of the 162,000 terawatts (TW) that reaches the earth would significantly impact the overall energy balance. PV systems, in addition, are portable and well-suited to distributed applications. The largescale manufacturing of photovoltaics is increasingly economically viable. The rapid expansion of manufacturing capability in PV components and the deployment of concentrating solar power (CSP) systems offers the potential for supplying a significant fraction (10% without need for storage) of our energy demand with minimal environmental impact. (See accompanying sidebar by Mehos for additional detail.) In addition, it is clear that these technologies represent one of the next major high-technology economic drivers eventually succeeding microelectronics, telecommunications, and display industries. Truly achieving this goal will require materials-science-driven cost reductions, not just incremental cost reductions through economies of scale.In 2004, the average total worldwide power consumption was 15 TW (1.5 × 10 13 W), with 86.5% from the burning of fossil fuels, according to U.S. Department of Energy statistics. In 2003, 39.6 quads (1 quad = 1 quadrillion BTU = 1.055 × 10 9 GJ, 29.9 quad = 1 TW-year) of energy, largely from fossil fuels, was consumed to produce electricity just in the United States. After conversion losses, 13.1 quads of net electrical energy was output by power plants for general consumption.1 This amount of electricity could be produced by a 100 km × 100 km area of high solar insolation, such as in the desert southwestern United States, covered with solar modules with a power conversion efficiency of 15%. In order to meet the U.S. Department of Energy cost goal of $0.33/W or $0.05-0.06/kWh for utility-scale production, these modules would need to be manufactured at a cost of $50/ m 2 or less. Goals for solar thermal power are comparable. Although the costs of modules are falling substantially, reaching these objectives with today's technology will require significant improvements in cell performance, as well as in the additional components making up the balance of solar systems. In addition, a variety of new technologies including thin films, thin silicon, organic photovoltaics, multijunction concentrator approaches, and next-generation nanostructured devices have the potential to significantly reduce the cost per watt.With the recog...