“…Bulk heterojunction (BHJ) organic solar cells (OSCs) have evolved as prospective and affordable alternatives for emerging green energy technologies due to their advantages of abundant raw materials, low cost, light weight, flexibility, large-area fabrication by roll-to-roll manufacture, and readily tunable absorption and energy levels. − The power conversion efficiency (PCE) of fullerene-free OSCs has improved significantly over the past decade. , However, the PCE of OSCs still maintains a distance from silicon solar cells and perovskite solar cells, and it still needs improvement before it can be commercialized. − To further improve the PCE of OSCs, more efforts should be devoted to the narrow absorption region of organic materials, morphological defects, recombination traps, and the intermolecular interactions between organic molecules. − Numerous studies have addressed these problems, for instance, by developing novel materials, controlling vertical stratification in photovoltaic mix films, engineering interfaces, creating ternary devices, and developing new device architectures. − Even though tandem OSCs can significantly increase device performance, commercialization is challenging due to the complexity and difficulty of device manufacture. − To preserve the single junction structure’s simplicity while improving the active layer’s light absorption, ternary OSCs comprising three light-absorbing materials (a donor, an acceptor, and a third material) in one active layer are demonstrated as an attractive strategy. − OSCs based on ternary blends also exhibit great prospects for improving OSCs’ performance because the third component may be capable of adjusting energy levels, enhancing optical absorption range or via Förster resonance energy transfer (FRET) effect, facilitating charge transport, and optimizing phase separation of the active layer. − Nowadays, a state-of-the-art PCE exceeding 19% has been achieved in ternary OSCs, which embodies the potential meliority of the ternary strategy in improving PCE. , …”