Single-atom catalysts (SACs) with high activity, unique selectivity, and nearly 100% atom utilization efficiency are promising for broad applications in many fields. This review aims to provide a summary of the current development of SACs and point out their challenges and opportunities for commercial applications in the energy process. The discussion starts with an introduction of various types of SACs materials, followed by typical SACs synthetic methods with concrete examples and commonly used characterization methods. The state-of-the-art synthesis methods, whereby SACs with stabilized single metal atoms on the substrate without migration and agglomeration could be obtained, are emphasized. Next, we give an overview of different types of substrates and discuss the effects of substrate species on the structure and properties of SACs. Then we highlight the typical applications of SACs and the remaining challenges. Finally, a perspective on the opportunities for the development of SACs for future commercial applications is provided.