A solar cell (or photovoltaic cell) is a semiconductor device that converts photons into electricity. Fundamentally, the device needs to fulfill only two functions: photogeneration of charge carriers (electrons and holes) in a light-absorbing material, and separation of the charge carriers to a conductive contact that will transmit the electricity. This conversion is called the photovoltaic effect.
So basically, light is absorbed by a material and produces and electron-hole pair. The light has to have enough energy to create the electron-hole pair in the material. Since:
where ν=c/λ (v=Frequency, c=speed of light, λ is wavelength)
It's clear from above that the energy of a photon of light is inversly proportional to it's wavelength. That means that the smaller the wavelength, the higher the energy of the light.
Much of the sunlight that reaches the Earth's surface is infrared, visible, and uv. For solar cells, most of the electron hole pairs created (and therefore electric power) are created from the visible light portion. If scientists could find a way to upconvert Infrared wavelengths (combine several infrared photons to create a higher frequency (energy) photon), the efficiency of solar cells could be improved.
Several scientists from the University of Colorado have found a way to upconvert sunlight, which is difficult to do. The scientists used compimentary molecules that each aborbed longer wavelength photons and then emitted a smaller wavelength photon. For more details, here is the story from Physical Review Focus.