The field of solar electricity, or photovoltaics (PV), is rich in that there are many materials and concepts for converting sunlight into electricity. The technologies accepted as conventional are those well along in the process of commercialization. The dye-sensitized solar cell, developed in the 1990s, is a nonconventional solar electric technology that has attracted much attention, perhaps a result of its record cell efficiency above 10%. This paper reviews the technology, discusses new research results and approaches presented at a recent symposium of many of the world's important dye solar cell researchers, and presents an assessment of the dye-sensitized solar cell in a comparison with current conventional solar electric technologies. It concludes the dye solar cell has potential for becoming a cost-effective means for producing electricity, capable of competing with available solar electric technologies and, eventually, with today's conventional power technologies. But it is a relatively new technology and faces many hurdles on the path to commercialization. Because of its potential, this assessment recommends further funding for research and development (R&D) of the dye-sensitized solar cell technology on the basis of the promising technical characteristics of the technology, a strong US and worldwide research base, positive industry interest, and today's relatively small funding allocation for its R&D.