Proton exchange membrane water electrolyzer (PEMWE) coupled with renewable energy to produce hydrogen is an important part of clean energy acquisition in the future. However, the slow kinetics of the oxygen evolution reaction (OER) hinder the large-scale application of PEM water electrolysis technology. To deal with the problems existing in the PEM electrolyzer and improve the electrolysis efficiency, substantial efforts are invested in the development of cost-effective and stable electrocatalysts. Within this scenario, the different OER reaction mechanisms are first discussed here. Based on the in-depth understanding of the reaction mechanism, the research progress of low-iridium noble metal alloys is reviewed from the aspects of special effects, design strategies, reaction mechanisms, and synthesis methods. Finally, the challenges and prospects of the future development of high-efficiency and low-precious metal OER electrocatalysts are presented.
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