Fuel cell technology is heralded as a revolutionary approach to generating electricity by directly converting the chemical energy of fuels like hydrogen into electrical energy, offering higher efficiency and minimal emissions compared to traditional combustion-based technologies. The global fuel cell technology market is witnessing significant growth, with projections indicating a valuation of $15.35 billion by 2030, driven by a compound annual growth rate of 23.10%. Fuel cells find applications across sectors ranging from transportation to residential buildings and grid energy storage, presenting a versatile and sustainable energy solution. Governmental bodies like the U.S. Department of Energy are actively collaborating with industry partners to tackle key challenges in fuel cell technology, including cost, performance, and durability. Efforts are focused on reducing platinum usage, enhancing efficiency through innovative materials, and ensuring durability for various applications like vehicles and power systems, with ambitious lifetime targets set for long-term reliability.