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Like other solar-based systems, the hybrid system begins with the collection of sunlight. Then things get different. While the hybrid device might look like a traditional solar collector from the distance, it is actually a series of copper tubes coated with a thin layer of aluminum and aluminum oxide and partly filled with catalytic nanoparticles. A combination of water and methanol flows through the tubes, which are sealed in a vacuum.
Quote:
"This set-up allows up to 95 percent of the sunlight to be absorbed with very little being lost as heat to the surroundings," Hotz said. "This is crucial because it permits us to achieve temperatures of well over 200 degrees Celsius within the tubes. By comparison, a standard solar collector can only heat water between 60 and 70 degrees Celsius."

I like the quotes, explains some differences in tech. They also list efficiency differences in the article, so click the source and read!

http://www.sciencedaily.com/releases/2011/08/110809132232.htm