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Abstract There is an urgent need to develop cost‐effective electrocatalysts based on Pt for a broad spectrum of applications, including those vital to the operation of fuel cells. Hollowing out the interior of Pt nanocrystals offers a simple and viable strategy for maximizing the utilization efficiency of this precious metal while enhancing the electrocatalytic performance. Herein, we report the synthesis and electrocatalytic evaluation of Pt−Ag icosahedral nanocages with an average wall thickness of 1.6 nm. The Pt atoms are coated on the surface of Ag icosahedral seeds, leading to the formation of Ag@Pt_nLcore‐shell icosahedral nanocrystals with tunable shell thicknesses. The core‐shell nanocrystals are then converted to icosahedral nanocages by selectively etching away the Ag in the core. The as‐obtained nanocages with a composition of Pt_4.5Ag exhibit an almost 3‐fold enhancement in specific activity toward oxygen reduction relative to the commercial Pt/C in acid media. 

Abstract The development of dual catalysts with high efficiency toward oxygen reduction and evolution reactions (ORR and OER) in acidic media is a significant challenge. Here an active and durable dual catalyst based upon cubic Pt₃₉Ir₁₀Pd₁₁nanocages with an average edge length of 12.3 nm, porous walls as thin as 1.0 nm, and well‐defined {100} facets is reported. The trimetallic nanocages perform better than all the reported dual catalysts in acidic media, with a low ORR‐OER overpotential gap of only 704 mV at a Pt‐Ir‐Pd loading of 16.8 µg_Pt+Ir+Pdcm⁻²_geo. For ORR at 0.9 V, when benchmarked against the commercial Pt/C and Pt‐Pd nanocages, the trimetallic nanocages exhibit an enhanced mass activity of 0.52 A mg⁻¹_Pt+Ir+Pd(about four and two times as high as those of the Pt/C and Pt‐Pd nanocages) and much improved durability. For OER, the trimetallic nanocages show a remarkable mass activity of 0.20 A mg⁻¹_Pt+Irat 1.53 V, which is 16.7 and 4.3 fold relative to those of the Pt/C and Pt‐Pd nanocages, respectively. These improvements can be ascribed to the highly open structure of the nanocages, and the possible electronic coupling between Ir and Pt atoms in the lattice.