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With over 2000 km2 of solar panels generating 300 GWp worldwide, photovoltaics is becoming an important source of energy for our society. The efficiency of solar energy conversion using single-junction semiconductor solar cells has now reached 27% for silicon and 29% for GaAs. However, so far no material has reached the Shockley-Queisser efficiency limit of 34%. I will discuss recent developments in photovoltaic materials technology that can be applied at ultra-large scale, with a focus on how improved light management can lead to efficiencies beyond the SQ limit and can reduce costs, with the ultimate goal to generate solar electricity at a cost of 0.01 $/kWh.