As a Rice alumni, the BS comment forced me to read this closely. It appears to me that the original Rice release has potential for credibility, saying that they could convert the heat from "very hot" sources to narrow band light. They do claim 80% conversion, but again only for very hot sources. With no other stipulations on the operating conditions or how efficiency is measured.
This process bypasses the Shockley limit mentioned earlier, as that involves direct interaction of the solar spectrum (photon energy distribution) with the band gap. The Rice process changes that distribution and thus changes the Shockley calculation.
The science writer further removes the claim from any discussion of the circumstances and limitations, and thus into BS territory.
This whole discussion reminds me of one of my favorite SF stories where one protagonist proves something impossible by demonstrating instability of a (science fiction) force field for durations longer than a few microseconds. Another protagonist says, "Sure, I found that experimentally." And put a high speed switcher on the generator, resulting in a force field that never reaches its instability limit but is for all practical purposes always there.
A real world example of the same thing is Lord Kelvin's analysis of heat flow from the Earth and the heat capacity and temperature of the material in the Earth's interior. The conclusion was that the Earth could not possibly be more than a few tens of thousands of years old. The discovery of radioactivity made those calculations irrelevant.
I don't know if the Rice work is a breakthrough or just a wild claim, but it is too soon to push the proven BS button.