Hydrogen is often considered the best means by which to store energy coming from renewable and intermittent power sources. With the growing capacity of localized renewable energy sources surpassing the gigawatt range, a storage system of equal magnitude is required. PEM electrolysis provides a sustainable solution for the production of hydrogen, and is well suited to couple with energy sources such as wind and solar. However, due to low demand in electrolytic hydrogen in the last century, little research has been done on PEM electrolysis with many challenges still unexplored. The ever increasing desire for green energy has rekindled the interest on PEM electrolysis, thus the compilation and recovery of past research and developments is important and necessary. In this review, PEM water electrolysis is comprehensively highlighted and discussed. The challenges new and old related to electrocatalysts, solid electrolyte, current collectors, separator plates and modeling efforts will also be addressed. The main message is to clearly set the state-of-the-art for the PEM electrolysis technology, be insightful of the research that is already done and the challenges that still exist. This information will provide several future research directions and a road map in order to aid scientists in establishing PEM electrolysis as a commercially viable hydrogen production solution. Copyright (C) 2013, Hydrogen Energy Publications, LLC. Published by Elsevier Ltd. All rights reserved.