photovoltaic performance, as they not only maintain the simple device configuration and low-cost processing of single-junction polymer solar cells (PSCs), but also inherit the major benefit of incorporating multiple polymers in tandem cells. [1][2][3] In general, the third component mainly plays a role in energy transfer or electron transfer on the condition of proper cascaded energy levels, which lead to an increase in shortcircuit current density (J sc ) by extended absorption and more efficient charge generation. [2,[4][5][6] Besides, the third component with relatively high crystallinity may also act as a template to facilitate supramolecular assembly for achieving ideal morphology of active layer, [2,7,8,4] providing numerous D/A area for exciton dissociation and affording optimized phase separation to facilitate the charge transport. [9][10][11][12][13] Therefore, compared with the corresponding binary systems, TSCs have the potential to achieve higher light-harvesting and/or improved charge transport, leading to increased J sc and/or FF. [14][15][16] However, it should be noted that the emission of the third component and the absorption of the donor or acceptor must overlap in order to get efficient energy transfer. In addition, the morphology tuning highly depends on the crystallinity and miscibility properties of the materials involved. Unfortunately for ternary systems, Aimed at achieving ideal morphology, illuminating morphology-performance relationship, and further improving the power conversion efficiency (PCE) of ternary polymer solar cells (TSCs), a ternary system is designed based on PTB7-Th:PffBT4T-2OD:PC 71 BM in this work. The PffBT4T-2OD owns large absorption cross section, proper energy levels, and good crystallinity, which enhances exciton generation, charge dissociation and transport and suppresses charge recombination, thus remarkably increasing the short-circuit current density (J sc ) and fill factor (FF). Finally, a notable PCE of 10.72% is obtained for the TSCs with 15% weight ratio of PffBT4T-2OD. As for the working mechanism, it confirmed the energy transfer from PffBT4T-2OD to PTB7-Th, which contributes to the improved exciton generation. And morphology characterization indicates that the devices with 15% PffBT4T-2OD possess both appropriate domain size (25 nm) and enhanced domain purity. Under this condition, it affords numerous D/A interface for exciton dissociation and good bicontinuous nanostructure for charge transport simultaneously. As a result, the device with 15% PffBT4T-2OD exhibits improved exciton generation, enhanced charge dissociation possibility, elevated hole mobility and inhibited charge recombination, leading to elevated J sc (19.02 mA cm −2 ) and FF (72.62%) simultaneously. This work indicates that morphology optimization as well as energy transfer plays a significant role in improving TSC performance.