This featured letter summarizes the recent developments in green energy and spintronic technologies based on multifunctional i.e., multiferroic (MF) and magnetoelectric (ME) materials. These are non-toxic materials, find applications in spintronic, non-volatile memory devices, microelectromechanical systems (MEMS), photovoltaics and next generation IC miniaturization devices. Recent studies on MF and ME materials have probed and analyzed significant properties such as evidence of photo-response and significant power conversion efficiency (PCE) of multiferroic-based solar cells (SCs), evidence of electro-caloric effect (ECE) which find usage in non-toxic solid state refrigeration devices, photo- and electro-catalytic activities for green hydrogen generation, magnon-phonon coupling and existence of magnon polarons which can facilitate spintronic device technology and thermal Hall effect and, hybrid nano-generators utilized to empower portable electronic devices. All such applications are comprehensively analyzed in-depth in this letter.