Nanotechnology can help to address the existing efficiency hurdles and greatly increase the generation and storage of solar energy. A variety of physical processes have been established at the nanoscale that can improve the processing and transmission of solar energy. The application of nanotechnology in solar cells has opened the path to the development of a new generation of high-performance products. When competition for clean energy options is growing, a variety of potential approaches have been discussed in order to expand the prospects. New principles have been explored in the area of solar cell generation, multi-generation, spectrum modulation, thermo-photoelectric cells, hot carrier, the middle band, and many other techniques. Nanoparticles and nanostructures have been shown to enhance the absorption of light, increase the conversion of light to energy, and have improved thermal storage and transport.