We study exciton (EX) dynamics in single-walled carbon nanotubes (SWNTs) included in polymethylmethacrylate by two-color pump-probe experiments with unprecedented temporal resolution. In the semiconducting SWNTs, we resolve the intersubband energy relaxation from the EX2 to the EX1 transition and find time constants of about 40 fs. The observation of a photoinduced absorption band strictly correlated to the photobleaching of the EX1 transition supports the excitonic model for primary excitations in SWNTs. We also detect in the time domain coherent oscillations due to the radial breathing modes at $\approx 250{\mathrm{cm}}^{-1}$.

The use of carbon nanotubes in photovoltaics is still challenging due to different issues connected to their synthesis, purification, functionalization, processing and device integration. From this perspective at first we review on selected contributions dealing with the above issues; then we focus on the advantages and limitations of carbon nanotubes for the development of organic solar cells.