CC BY 4.0Yamaguchi, MasafumiMasafumiYamaguchiDimroth, FrankFrankDimrothEkins-Daukes, Nicholas J.Nicholas J.Ekins-DaukesKojima, NobuakiNobuakiKojimaOhshita, YoshioYoshioOhshita2023-05-042023-05-042022Note-ID: 00007D9Ahttps://publica.fraunhofer.de/handle/publica/441333https://doi.org/10.24406/publica-130510.1051/epjpv/202202010.24406/publica-1305The development of high-performance solar cells offers a promising pathway toward achieving high power per unit cost for many applications. Because state-of-the-art efficiencies of single-junction solar cells are approaching the Shockley-Queisser limit, the multi-junction (MJ) solar cells are very attractive for high-efficiency solar cells. This paper reviews progress in III-V compound single-junction and MJ solar cells. In addition, analytical results for efficiency potential and non-radiative recombination and resistance losses in III-V compound single-junction and MJ solar cells are presented for further understanding and decreasing major losses in III-V compound materials and MJ solar cells. GaAs single-junction, III-V 2-junction and III-V 3-junction solar cells are shown to have potential efficiencies of 30%, 37% and 47%, respectively. Although in initial stage of developments, GaAs single-junction and III-V MJ solar cells have shown low ERE values, ERE values have been improved as a result of several technology development such as device structure and material quality developments. In the case of III–V MJ solar cells, improvements in ERE of sub-cells are shown to be necessary for further improvements in efficiencies of MJ solar cells.enhigh-efficiencysinge-junction solar cellsmulti-junction solar cellsloss analysisjournal article