The article discusses the growing relevance of hydrogen as a sustainable substitute for traditional fuels due to its lower carbon footprint and potential in balancing energy supply and demand. However, the efficient and safe storage of hydrogen remains a significant challenge hindering its widespread adoption. The storage methods of compression and liquefaction face issues of losses, reducing their effectiveness. Recent advancements in the synthesis of carbonaceous materials have significantly improved the technology for hydrogen storage. This review focuses on various novel carbonaceous materials such as biochar, activated carbon, carbon nanotubes, carbon nanocomposites, and graphene, highlighting their potential for hydrogen adsorption. The article emphasizes the importance of microporous materials like activated carbons for effective hydrogen storage, sparking interest in economically viable options. Despite advancements, there is still substantial work needed to fully realize the potential advantages of a hydrogen economy, both for manufacturers and academics.