Key industrial PERC processes of O3 based ALD Al2O3 rear surface passivation and screen-printed Al LBSF are discussed. Industrial Al2O3 PERC cells demonstrate good performance: cell efficiency (20.5–20.8%) and Voc (660–666 mV). Light-induced degradation analysis shows that the PERC cells are subject to bulk degradation and not to surface degradation. We promote a roadmap to extend the cell efficiency to 24% based on the analysis of cell efficiency loss mechanisms.