Phycobilisomes are complex, light-harvesting protein-pigment aggregates found in certain algae and cyanobacteria. These structures play a crucial role in photosynthesis by capturing light energy and funneling it to the photosynthetic reaction centers. They contain phycobilins, which are pigments that absorb light in the blue and green spectrum, allowing organisms to utilize a broader range of light wavelengths for photosynthesis.