Emergence of New Materials for Exploiting Highly Efficient Carrier Multiplication in Photovoltaics

In conventional solar cell semiconductor materials, the excess energy of electrons and holes beyond the bandgap is wasted as heat, because they cool down to the band edge due to phonon emission. If the excess energy is more than the bandgap, it can in principle be utilized through a process
known as carrier multiplication (CM) in which a single photon generates two (or more) electron-hole pairs. In this way, CM can enhance the photocurrent
of a photovoltaic device. We provide an overview of experimental and theoretical methods used to study CM. Next, we consider the effects
of composition and nanostructure of materials, on the threshold photon energy and efficiency of CM. Results for percolative networks of coupled
PbSe quantum dots, Sn/Pb based halide perovskites, and two-dimensional transition metal dichalcogenides such as MoTe₂ are discussed. Based on
our current understanding, the CM threshold can get close to the minimal value of twice the bandgap in materials where a photon induces an asymmetric electronic transition from a deeper valence band or to a higher conduction band. We then address the effects of the exciton binding energy
and charge carrier mobility on the photogeneration of free charges and their extraction at external electrodes of a photovoltaic device. Finally, we discuss future directions toward the development of new materials to realize a low threshold photon energy and high efficiency of CM.