We present a study of the optical, structural and device properties of a polyfluorene (PFM)-based (PFM-F8BT-PFM) donor-acceptor triblock copolymer for use in an organic solar cell. Neutron reflectivity is employed to probe the vertical composition profile before and after thermal annealing while the crystallinity was examined using grazing incidence wideangle X-ray. The absorption spectra and photoluminescence emission for the triblock and analogous blend of PFM with F8BT reveal a greater degree of intermixing in the triblock. However, the triblock copolymer exhibits exciplex emission, which necessitates a geminate polar pair; long-lived exciplex states are detrimental in organic photovoltaic devices. The triplet yield in the triblock and the blend is estimated using photoinduced absorption, with the triblock copolymer generating a triplet population 20 times that of the blend. This is far from ideal as triplets are wasted states in organic photovoltaic devices and they can also act as scavengers of polarons reducing the efficiency even more. V C 2013 Wiley Periodicals, Inc. J. Polym. Sci., Part B: Polym. Phys. 2013, 51, 1705-1718 KEYWORDS: block copolymers; conjugated polymers; morphology; organic photovoltaics; photophysics; solar cells INTRODUCTION Organic photovoltaic (OPV) devices have inspired significant academic and industrial excitement due to the possibility of producing large-scale, low-cost renewable energy. These factors make mass-produced thin film conjugated polymer solar cells highly attractive to tackle the problem of dwindling fossil fuels and the need to decarbonize the world economy. The power conversion efficiency (PCE) of OPV devices has increased steadily in the last decade and the best current single junction polymer device efficiencies range from 7 to 9% and have been achieved using a blend of an alternating copolymer of thieno [3,4-b]thiophene and benzodithophene (known as PTB7) with the soluble fullerene PC 71 BM.1 Further work has demonstrated that PTB7-based OPV devices can produce inverted devices with an efficiency of 9.2%.