Current photovoltaic cells are not too good at capturing the sun’s energy – on average less than 20% efficient, and maxing out at about 40%. A new design hits 47% efficiency under certain conditions, by capturing the heat in sunlight, rather than the light.
The cell combines a photovoltaic process that turns light into electricity with another that converts heat; combined, they beat the current record for solar energy efficiency, as well as the theoretical efficiency limit of a cell of this design. (Emphasis added.)
“Theoretical efficiency” is calculated based on a set of assumptions about things like the geometry of the cell, the wavelengths the cell can capture (i.e., visible light), the reflectiveness, etc. When your actual physical devices doesn’t actually match the assumptions (i.e., also sucks up infrared), you can get better than theoretical efficiency.
Link: New solar cell uses that other thing the sun emits: heat


