JMS_V2_N3_RP3 Katlakanti Mohan Reddy K.S.R. Murthy Journal on Material Science 2347–615X 2 3 18 26 Solar cells, Dye Sensitized Solar Cells, Biomass, Conversions The present study is aimed at developing third generation Dye Sensitized Solar Cell (DSSC) technology research which is being recently used as an alternative to crystalline solar cell because of its increase in the efficiency with less cost, thin film and flexibility. The paper includes the most recent research topics on utilization of porous zinc oxide photo electrode, Graphene, Nano structured titanium oxide, ionic liquid electrolytes, carbon Nano tubes and biomass based pigments for manufacturing dye sensitized solar cell. The paper also describes various options to increase the efficiency and analyses the perspectives for the future development of the technology. This study not only covers the fundamentals of DSSC but also the related cutting edge research like durability, high efficiency, low cost and rural level manufacture process by using screen printer, dye tank and programmable hot plate and its development for its commercial applications. October - December 2014 Copyright © 2014 i-manager publications. All rights reserved. i-manager Publications http://www.imanagerpublications.com/Article.aspx?ArticleId=2964