This paper provides a broad overview of historical and current developments of holographic lenses (HLs) in concentrating solar power. The review focuses on the recording material typically employed for HLs in concentrating solar photovoltaic and/or concentrating solar thermal collectors. This review shows that the use of HLs for energy transformation, achieves high performance efficiency in the designed physical systems, furthermore, some important elements to consider for future designs are presented, especially those related to the etching material of the HLs. Finally, the article outlines future recommendations, emphasizing potential research opportunities and challenges for researchers entering the field of photovoltaic and/or concentrating solar thermal collectors based on HLs.