We review the recent progress of silicon heterojunction (SHJ) solar cells. Recently, a new efficiency world record for silicon solar cells of 26.7% has been set by Kaneka Corp. using this technology. This was mainly achieved by remarkably increasing the fill-factor (FF) to 84.9% - the highest FF published for a silicon solar cell to date. High FF have for long been a challenge for SHJ technology. We emphasize with the help of simulations the importance of minimised recombination, not only to reach high open-circuit voltages, but also high FF, and discuss the most important loss mechanisms. We review the different cell-to-module loss and gain mechanisms putting focus on those that impact FF. With respect to industrialization of SHJ technology, we discuss the current hindrances and possible solutions, of which many are already present in industry. With the intrinsic bifacial nature of SHJ technology as well as its low temperature coefficient record high energy production per rated power is achievable in many climate regions.