A significant amount of research and development work on the photovoltaic/thermal (PVT) technology has been done since the 1970s. Many innovative systems and products have been put forward and their quality evaluated by academics and professionals. A range of theoretical models has been introduced and their appropriateness validated by experimental data. Important design parameters are identified. Collaborations have been underway amongst institutions or countries, helping to sort out the suitable products and systems with the best marketing potential. This article gives a review of the trend of development of the technology, in particular the advancements in recent years and the future work required. (C) 2009 Elsevier Ltd. All rights reserved.