From a 2010 study by the University of Maryland, photosynthesizing cyanobacteria have been shown to be a significant species in the global carbon cycle, accounting for 20–30% of Earth's photosynthetic productivity and convert solar energy into biomass-stored chemical energy at the rate of ~450 TW.
Some pigments such as B-phycoerythrin that are mostly found in red algae and cyanobacteria has much higher light-harvesting efficiency compared to that of other plants. Such organisms are potentially candidates for biomimicry technology to improve solar panels design.