The utilization of small molecule oxidation reactions as a substitute for the sluggish oxygen evolution reaction (OER) in traditional water electrolysis represents an innovative approach to achieve efficient hydrogen production while concurrently generating value-added chemicals. Herein, we report an energy-saving H2 production system utilizing electrooxidation of glycerol to generate valuable formate. Cobalt–ruthenium oxide nanosheet arrays (CoRuO/CF) and cobalt–ruthenium bimetallic nanoparticles wrapped by nitrogen-doped carbon nanosheet arrays (CoRuCN/CF) were synthesized for glycerol oxidation reaction (GOR) and hydrogen evolution reaction (HER), respectively, using Co-ZIF nanosheets precursor material supported on copper foam (Co-ZIF/CF) as the substrate. Remarkably, the hybrid electrolysis system can achieve a current density of 10 mA cm−2 with only 1.19 V, which is significantly lower than that required by traditional water-splitting systems. This work demonstrates the promising potential of efficiently utilizing biomass energy and achieving a sustainable production process for fine chemical products.