This study presents the synthesis of a novel ovonic nanomaterial by the chemical route approach, involving the combination of three distinct materials: polyvinyl alcohol (PVA), iron oxide (Fe2O3), and selenium (Se) nanoparticles. The produced material underwent evaluation using various analytical techniques, including Xray diffraction (XRD), energydispersive Xray spectroscopy (EDS), scaning electron microscope (SEM), and UV-Visible spectrophotometer. The focus of the work revolved around a unique hybrid structure consisting of selenium nanoparticles that were embedded within a polyvinyl alcohol and iron(III) oxide. The examination of micro structure information yielded findings that support the notion that Se nanoparticles have an impact on the structural properties of PVA/Fe2O3. (XRD) and (EDS) examines provided confirmation of the formation of a novel composite structure. The produced composites had notable absorption peaks at a wavelength of 530 nm for PVA-Fe2O3-CdZnS. These composites exhibited a progressive transition towards absorption in higher wavelength areas. The composite material that has been suggested for potential utilization in forthcoming energy storage applications.