cousin H 2 . To its advantage, H 2 O 2 forms stable aqueous solutions, [8] and does not require compression and storage as gaseous H 2 does. Photocatalytic evolution of peroxide has proven to be more selective than CO 2 reduction, [9] giving only one product. What is more, the energy accumulated in H 2 O 2 can be utilized directly for electricity generation in a membranefree hydrogen peroxide fuel cell (theoretical V oc = 1.1 V, comparable with the 1.23 V of H 2 fuel cells), which can be made as a single-compartment device based on abundant and inexpensive components. [10,11] Taken together, hydrogen peroxide offers the promise of a carbonfree liquid fuel with high energy density, which can be directly used in fuel cells. The cornerstone in the peroxide energy cycle is photogeneration via a catalyzed reaction of solar irradiation with oxygen and water. Several promising catalytic systems for oxygen reduction to peroxide have been successfully demonstrated. Photocatalysts are used in the form of suspensions of particles varying in size from tens of micrometers to a few nanometers. This convenient strategy allows for using many different materials for this purpose, such as metal oxides, [12] carbon nitride materials, [3,13] or organic semiconductors. [14] Carbon nitrides can be tailored with different organic molecular components that modulate their H 2 O 2 generation efficiency. [3,15] Molecular organic semiconductors, in addition, can be used to produce photocathodes offering high faradaicyield peroxide-generating photoelectrochemical cells. [16][17][18] On the other hand, a fundamental obstacle in all these examples is related to the fact that only the surface of the particle, exposed to the electrolyte, can actively participate in the photo(electro) catalytic process. The part of the material making up the particle core is inactive. The larger the average particle size, the higher the resulting inefficiency of the catalyst utilization. This issue can be considered more acute for the situation of oxygen reduction in aqueous medium since the low solubility of O 2 in water enforces a strict diffusion limit on the efficiency of photochemical oxygen reduction. A thought experiment therefore is: if the photocatalytic material is broken up to into smaller units, what happens when the material is divided into molecular form and dissolved in aqueous media? This is the question central to beginning the present work. Can the constituent molecules of the organic semiconductors reported to date for catalyzing peroxide evolution be photocatalytically active? It can be hypothesized that the molecule is intrinsically Photochemical generation of hydrogen peroxide via oxygen reduction is a critical component of emerging sustainable energy conversion concepts. Light-absorbing semiconductors as well as electrodes modified with sensitizers typically catalyze oxygen photoreduction to hydrogen peroxide. Here, it is reported that, in contrast to these heterogeneous systems, a homogeneous solution of a metal-free organic dye can perfor...