The University of Michigan has successfully demonstrated the "charge separation effect," predicted over a decade ago, which has important potential for direct conversion of light to electricity without the thermodynamic losses typical of photovoltaic (solar cell) technology. The results are expected to be important to future developments in ultrafast switching, nanophotonics, and nonlinear optics as well.
source https://phys.org/news/2021-01-dynamo-effect.html