Hydrogen is an essential energy carrier in the global energy transition towards carbon neutrality. Liquid organic hydrogen carriers (LOHCs) like formic acid have emerged as a solution for safe and efficient hydrogen storage and transportation. Formic acid stands out for its lower toxicity and ability to store and release hydrogen under mild conditions with suitable catalysts, eliminating the need for significant external energy input. Researchers have been focusing on developing cost-effective catalysts for formic acid dehydrogenation, with a recent shift towards single-atom catalysts (SACs) for improved reactivity and stability. The article discusses a new approach of hybrid catalysts, combining SACs with nanoparticles, to enhance formic acid dehydrogenation performance. By synthesizing Co-based hybrid catalysts (Co-SAs/NPs@NC), researchers have achieved excellent formic acid dehydrogenation results surpassing both non-noble-based and noble metal catalysts. This breakthrough offers promising advancements in hydrogen storage technologies, utilizing surplus renewable energy sources like solar or wind power for sustainable energy solutions. The innovative Co-based hybrid catalysts pave the way for more efficient and cost-effective hydrogen storage, contributing to the development of a hydrogen economy. This research underscores the importance of catalyst development in advancing sustainable technologies for the future.