We have investigated the impact of electrocatalyst loading on rotating ring-disk electrode ͑RRDE͒ experiments for the oxygen reduction reaction on Fe-N-C catalysts ͑ORR͒ in acid medium. In particular, the fraction of H 2 O 2 produced as a function of catalyst loading was studied. A dramatic increase in H 2 O 2 release was observed as the catalyst loading was decreased. For the same non-noble metal catalyst ͑NNMC͒, the fraction of produced H 2 O 2 varied between less than 5% and greater than 95%, depending on the catalyst loading. These observations suggest that oxygen reduction occurs stepwise, via H 2 O 2 , and if the catalyst is sparsely loaded, the produced H 2 O 2 cannot be efficiently reduced to H 2 O before it escapes. These studies have important implications for fundamental studies of ORR on NNMCs.Polymer electrolyte membrane fuel cells are currently under intensive research because they are a clean energy conversion device. 1 Electrocatalysts which have high activity for oxygen reduction and show stability in acidic environments are highly desired, because a significant fraction ͑70%͒ of voltage loss in a fuel cell originates at the cathode where oxygen reduction occurs. 2,3 Besides being active and stable, the electrocatalysts must meet other requirements, including immunity against poisoning; ease of preparation; affordable cost, and minimum release of H 2 O 2 . The latter is a particularly important attribute because H 2 O 2 is known to decompose into highly reactive intermediates that initiate a chain oxidation, starting with the carboxylic groups that then propagate within the Nafion membrane. This membrane breakdown results in the release of F − ions in the effluent water. There are extensive reports on the role of H 2 O 2 , OH radicals, and the degradation of Nafion membranes in the literature. 4-6 Furthermore, reduction of oxygen to H 2 O 2 is a twoelectron reaction, thus producing smaller electric current per available oxygen molecule. Thus, minimum production of H 2 O 2 and a complete, four-electron reduction of oxygen are highly preferred.Although there are reports of detecting H 2 O 2 produced at the electrocatalyst in real operating fuel cells, 7 the best known method to measure the H 2 O 2 yield is still that of the rotating-ring disk electrode ͑RRDE͒. By fixing the potential ͓1.2-1.5 V vs a reversible hydrogen electrode ͑RHE͔͒ of the ring during cathodic or anodic sweeps of the disk potential, free H 2 O 2 , generated at the disk and passing near the ring by convection, is oxidized and produces a current. By comparing this current to the current produced at the central disk electrode, the percentage of O 2 molecules that are reduced to H 2 O 2 can be calculated. Paulus and Schmidt et al. explain the RRDE method applied to carbon-supported oxygen reduction reaction ͑ORR͒ electrocatalysts in detail. 8,9 Although there is extensive literature on RRDE measurements of ORR activity for Pt-based and non-noble metal catalysts ͑NNMCs͒, 10-13 there have been very few reports of the impact of the cat...