The primary challenge with concentrating solar power (CSP) is that the conversion efficiency is low - and the cost high - compared to that of photovoltaics (PV), and the primary challenge with PV is that the energy generated cannot be stored cost effectively. We introduce a technology that hybridizes CSP and PV, resulting in power plants with high energy conversion efficiency and affordable storage. This is accomplished by replacing silvered troughs (or heliostat facets) with "PVMirrors" that and direct photons of each wavelength to the converter (PV or thermal) that may best use them. A PVMirror looks like a curved PV module that includes a spectrum-splitting dichroic mirror film; this film, which is the heart of the technology, transmits near-infrared light to the underlying silicon PV cells while reflecting both longer and shorter wavelengths to a thermal absorber tube. This paper investigates the optical performance of dichroic mirror film, the specularity of PVMirrors, and the anticipated levelized cost of energy (LCOE) from a PVMirror power plant. PVMirrors are found to decrease LCOE by more than 15% relative to CSP while retaining full dispatchability.