An artificial leaf can perform direct solar-to-fuels conversion. The construction of an efficient artificial leaf or other photovoltaic (PV)-photoelectrochemical device requires that the power curve of the PV material and load curve of water splitting, composed of the catalyst Tafel behavior and cell resistances, be well-matched near the thermodynamic potential for water splitting. For such a condition, we show here that the current density-voltage characteristic of the catalyst is a key determinant of the solar-to-fuels efficiency (SFE). Oxidic Co and Ni borate (Co-B i and Ni-B i ) thin films electrodeposited from solution yield oxygen-evolving catalysts with Tafel slopes of 52 mV∕decade and 30 mV∕decade, respectively. The consequence of the disparate Tafel behavior on the SFE is modeled using the idealized behavior of a triple-junction Si PV cell. For PV cells exhibiting similar solar power-conversion efficiencies, those displaying low open circuit voltages are better matched to catalysts with low Tafel slopes and high exchange current densities. In contrast, PV cells possessing high open circuit voltages are largely insensitive to the catalyst's current density-voltage characteristics but sacrifice overall SFE because of less efficient utilization of the solar spectrum. The analysis presented herein highlights the importance of matching the electrochemical load of water-splitting to the onset of maximum current of the PV component, drawing a clear link between the kinetic profile of the water-splitting catalyst and the SFE efficiency of devices such as the artificial leaf.energy storage | solar energy | solar fuel | buried junction W ater splitting is the central chemistry that underlies the storage of solar energy in the form of chemical fuels because it delivers hydrogen from a renewable source (1-3). Direct solarto-fuels conversion can be achieved by interfacing suitable catalysts that carry out two separate half-reactions of water splittingthe four electron-four proton oxidation of water to O 2 and the two electron two-proton reduction of the produced protons to H 2 -to a photovoltaic (PV) material. Numerous device configurations have been proposed for photoelectrochemical (PEC) water splitting (4-10), and they can be broadly categorized into those devices wherein the photovoltaic material makes a rectifying junction with solution as opposed to those in which the rectifying junctions are protected from solution or "buried." Fig. 1 schematically depicts the latter with a double-junction configuration of absorber materials with progressively larger band gaps that are connected in series using thin-film ohmic contacts to generate open circuit voltages (V oc ) that are large enough to drive water splitting. Thin-film ohmic contacts at the termini of this stack serve both to protect the semiconductor from the chemistries occurring in solution and to enable efficient charge transfer to catalyst overlayers, which execute the oxygen-evolution reaction (OER) and hydrogen-evolution reaction (HER). Whereas waterspli...