Reliable and economical energy storage technologies are urgently required to ensure sustainable energy supply. Hydrogen (H 2 ) is an energy carrier that can be produced environmentfriendly by renewable power to split water (H 2 O) via electrochemical cells. By this way, electric energy is stored as chemical energy of H 2 , and the storage can be large-scale and economical. Among the electrochemical technologies for H 2 O electrolysis, solid oxide electrolysis cells (SOECs) operated at temperatures above 500 ℃ have the benefits of high energy conversion efficiency and economic feasibility. In addition to the H 2 O electrolysis, SOECs can also be employed for CO 2 electrolysis and H 2 O-CO 2 co-electrolysis to produce value-added chemicals of great economic and environmental significance. However, the SOEC technology is not yet fully ready for commercial deployment because of material limitations of the key components, such as electrolytes, air electrodes, and fuel electrodes. As is well known, the reactions in SOEC are, in principle, inverse to the reactions in solid oxide fuel cells (SOFCs). Component materials of SOECs are currently adopted from SOFC materials. However, their performance stability issues are evident, and need to be overcome by materials development in line with the unique requirements of the SOEC materials. Key topics discussed in this review include SOEC critical materials and their optimization, material degradation and its safeguards, future research directions, and commercialization challenges, from both traditional oxygen ion (O 2− )-conducting SOEC (O-SOEC) and proton (H + )-conducting SOEC (H-SOEC) perspectives. It is worth to believe that H 2 O or/and CO 2 electrolysis by SOECs provides a viable solution for future energy storage and conversion.