The dyes used in early experimental cells (circa 1995) were sensitive only in the high-frequency end of the solar spectrum, in the UV and blue. Newer versions were quickly introduced (circa 1999) that had much wider frequency response, notably "triscarboxy-ruthenium terpyridine" [Ru(4,4',4"-(COOH)-terpy)(NCS)], which is efficient right into the low-frequency range of red and IR light. The wide spectral response results in the dye having a deep brown-black color, and is referred to simply as "black dye". The dyes have an excellent chance of converting a photon into an electron, originally around 80% but improving to almost perfect conversion in more recent dyes, the overall efficiency is about 90%, with the "lost" 10% being largely accounted for by the optical losses in top electrode.
A solar cell must be capable of producing electricity for at least twenty years, without a significant decrease in efficiency (life span). The "black dye" system was subjected to 50 million cycles, the equivalent of ten years' exposure to the sun in Switzerland. No discernible performance decrease was observed. However the dye is subject to breakdown in high-light situations. Over the last decade an extensive research program has been carried out to address these concerns. The newer dyes included 1-ethyl-3 methylimidazolium tetrocyanoborate [EMIB(CN)] which is extremely light- and temperature-stable, copper-diselenium [Cu(In,GA)Se] which offers higher conversion efficiencies, and others with varying special-purpose properties.
DSSCs are still at the start of their development cycle. Efficiency gains are possible and have recently started more widespread study. These include the use of quantum dots for conversion of higher-energy (higher frequency) light into multiple electrons, using solid-state electrolytes for better temperature response, and changing the doping of the TiO to better match it with the electrolyte being used.