Proton Exchange Membrane Fuel Cells (PEMFCs) are considered an effective way to address energy shortages and environmental pollution due to their high efficiency, low-temperature operation, and environmental friendliness. However, the oxygen reduction reaction (ORR) at the cathode in PEMFCs is very slow and needs rare and expensive Pt-based catalysts, which limits their commercialization process. To reduce costs while maintaining efficient catalytic performance, researchers have developed various technological strategies, among which PtCo alloy catalysts have garnered widespread attention due to their excellent ORR catalytic performance. This article reviews the latest progress and current status of PtCo alloy catalysts in PEMFC oxygen reduction catalysis, discusses the impact of catalyst component control, particle size regulation, crystal face regulation, doping, and other regulatory strategies on the catalytic activity of fuel cells, and provides a detailed introduction to the most promising PtCo alloy structures, such as polyhedra, core-shell, nanoframes, and ordered intermetallic structures. At the same time, the research on catalyst supports is discussed, and the challenges and future prospects of PtCo alloy catalysts in their applications are pointed out.
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