This document discusses the Shockley-Queisser limit, which describes the maximum theoretical efficiency of around 33.7% for a single p-n junction solar cell. It outlines approaches that can exceed this limit, including multi-junction solar cells that use multiple semiconductor materials to capture more energy from sunlight, concentrating sunlight to increase efficiency, using multiple exciton generation in quantum dots to produce multiple electron-hole pairs from one photon, and up-conversion or down-conversion of photons to better match the solar spectrum to the materials' bandgaps.