Efficiency, Cost and Sustainability: Electrocatalysts for State-of-the-Art and Emerging Electrolysis Technologies

Water electrolysis is a key technology for sustainable hydrogen production and a cornerstone of future low-carbon energy systems. However, large-scale deployment is constrained not only by efficiency and cost, but increasingly by the sustainability and availability of materials used in electrocatalysts and membranes. This review provides a materials-centric assessment of state-of-the-art and emerging electrocatalysts for alkaline (AEL), proton exchange membrane (PEM), and solid oxide electrolysis (SOEC) technologies, emphasizing the interdependence of performance, durability, cost, and sustainability. Electrocatalyst activity and stability are linked to cell- and stack-level efficiency, energy demand, and the levelized cost of hydrogen. Life cycle assessment (LCA) and resource criticality analyses are integrated to quantify environmental impacts, supply risks, and recycling potential of key materials, including platinum group metals, nickel, rare earth elements, and ceramic oxides. Particular attention is given to recycling and circularity strategies, which are essential for mitigating material scarcity and reducing upstream emissions, especially in PEM electrolyzers. Emerging catalyst concepts such as single-atom catalysts, high-entropy alloys, and noble-metal-free systems are discussed as promising pathways to reduce critical material dependence. The review concludes by highlighting the need for integrated material–technology–system approaches to enable efficient, scalable, and truly sustainable hydrogen production.