In electrochemistry, Faraday efficiency (also called faradaic efficiency, faradaic yield, coulombic efficiency or current efficiency) describes the efficiency with which charge (electrons) is transferred in a system facilitating an electrochemical reaction. The word "Faraday" in this term has two interrelated aspects: first, the historic unit for charge is the faraday (F), but has since been replaced by the coulomb (C); and secondly, the related Faraday's constant (F) correlates charge with moles of matter and electrons (amount of substance). This phenomenon was originally understood through Michael Faraday's work and expressed in his laws of electrolysis. Faradaic losses are experienced by both electrolytic and galvanic cells when electrons or ions participate in unwanted side reactions. These losses appear as heat and/or chemical byproducts. An example can be found in the oxidation of water to oxygen at the positive electrode in electrolysis. Some electrons are diverted to the production of hydrogen peroxide. The fraction of electrons so diverted represent a faradaic loss and vary in different apparatuses. Even when the proper electrolysis products are produced, losses can still occur if the products are permitted to recombine. During water electrolysis, the desired products (H2 and O2), could recombine to form water. This could realistically happen in the presence of catalytic materials such as platinum or palladium commonly used as electrodes. Failure to account for this Faraday-efficiency effect has been identified as the cause of the misidentification of positive results in cold fusion experiments. Proton exchange membrane fuel cells provide another example of faradaic losses when some of the electrons separated from hydrogen at the anode leak through the membrane and reach the cathode directly instead of passing through the load and performing useful work. Ideally the electrolyte membrane would be a perfect insulator and prevent this from happening. An especially familiar example of faradaic loss is the self-discharge that limits battery shelf-life.

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Electrocatalyst
An electrocatalyst is a catalyst that participates in electrochemical reactions. Electrocatalysts are a specific form of catalysts that function at electrode surfaces or, most commonly, may be the electrode surface itself. An electrocatalyst can be heterogeneous such as a platinized electrode. Homogeneous electrocatalysts, which are soluble, assist in transferring electrons between the electrode and reactants, and/or facilitate an intermediate chemical transformation described by an overall half reaction.
Electrolysis of water
Electrolysis of water is using electricity to split water into oxygen (O2) and hydrogen (H2) gas by electrolysis. Hydrogen gas released in this way can be used as hydrogen fuel, but must be kept apart from the oxygen as the mixture would be extremely explosive. Separately pressurised into convenient 'tanks' or 'gas bottles', hydrogen can be used for oxyhydrogen welding and other applications, as the hydrogen / oxygen flame can reach circa 2,800°C. Water electrolysis requires a minimum potential difference of 1.

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