Step 1: The photoelectric effect is the phenomenon in which light incident on a metal surface ejects electrons.
Step 2: Albert Einstein explained this effect by proposing the quantization of light energy in the form of photons.
Step 3: This discovery confirmed the particle nature of light and won Einstein the Nobel Prize in Physics in 1921.
\[
\therefore \text{The correct answer is: Albert Einstein.}
\]
\[
\boxed{\text{Albert Einstein}}
\]