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In organic photovoltaic (OPV) cells, photocurrent generation relies on exciton diffusion to the donor/acceptor heterojunction. Excitons that fail to reach the heterojunction are lost to recombination via quenching at the electrodes or relaxation in the bulk. Bulk recombination has been mitigated largely through the use of bulk heterojunctions, while quenching at the metal cathode has been previously circumvented through the introduction of exciton blocking layers that “reflect” excitons. Here, we investigate an alternative concept of a transparent exciton dissociation layer (EDL), a single layer that prevents exciton quenching at the electrode while also providing an additional interface for exciton dissociation. The additional heterojunction reduces the distance excitons must travel to dissociate, recovering the electricity-generating potential of excitons otherwise lost to heat. We model and experimentally demonstrate this concept in an archetypal subphthalocyanine/fullerene planar heterojunction OPV, generating an extra 66% of photocurrent in the donor layer (resulting in a 27% increase in short-circuit current density from 3.94 to 4.90 mA/cm2). Because the EDL relaxes the trade-off between exciton diffusion and optical absorption efficiencies in the active layers, it has broad implications for the design of OPV architectures and offers additional benefits over the previously demonstrated exciton blocking layer for photocurrent generation.