This article from Chemical & Engineering News reports that researchers at the Technical Institute of Demark have created a cheap replacement for precious metal catalysts.
The article points out that such a catalyst would be very useful in the production of hydrogen from water via electrolysis.
However, it should also be noted that other researchers at the Technical Institute have been experimenting with an ammonium salt, with the hope of developing it into a hydrogen carrier for a fuel cell system. So I wouldn't be surprised if they find a way to use their new catalyst to draw the hydrogen out of the ammonium salt for use in the fuel cell...
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