“…Such MN 4 chelates, when present on electrode surfaces, catalyze the ORR, but they lack long-term stability in the aggressive environment of a fuel cell, and new heat-treated MN 4 materials have been developed to solve this problem . O 2 reduction in aqueous media can undergo a 2-electron reduction to give peroxide, or 4-electron reduction to give water. − ,,, However, the 4-electron reduction releases more energy than does the 2-e reduction process . In this context, Fe phthalocyanines catalyze the reduction of O 2 directly to water via 4-electrons, with cleavage of the O–O bond in contrast to what is observed with Co phthalocyanines. − ,, Some authors have suggested that FePc catalyzes peroxide decomposition, − whereas other have suggested that FePc phthalocyanines form Fe–O–O–Fe bridges promoting the cleavage of the O–O bond .…”