Supporting metal nanoparticles is a common approach in heterogeneous gas-phase catalysis to decrease the metal loading, prevent agglomeration and thus minimize the cost of a catalytic conversion. This approach proved particularly successful in proton-exchange membrane fuel cells (PEMFC) where the replacement of Pt-blacks (used in early PEMFCs) by carbon-supported Pt nanoparticles has significantly improved the Pt specific power density. Using the same material’s concepts in proton-exchange membrane water electrolysers (PEMWE) could minimize the noble metal loading especially at the anode where the oxygen evolution reaction (OER) takes place. However, high-surface area carbon supports are rapidly degraded in the operating conditions of a PEMWE anode (E > 1.6 V vs. the reversible hydrogen electrode, T = 80 °C) calling for alternative support materials. In this contribution, IrO_x nanoparticles were synthesized using the polyol method and deposited onto antimony doped tin dioxide aerogel (ATO) or Vulcan XC-72 (as a reference), and tested as OER electrocatalysts. By combining classical electrochemical techniques, dynamic Electrochemical Impedance Spectroscopy (dEIS) and Identical-Location Transmission Electron Microscopy (IL-TEM), we gained some insights into the mechanisms leading to loss of OER activity. IL-TEM images (Figure 1) provide strong evidence that the activation step was detrimental to the ATO support while no major degradation was observed at higher voltages (OER region). Approximately 73 % of the initial activity was lost for IrO_x/ Vulcan XC-72 after 4,000 potential cycles between 1.2 and 1.6 V vs. the reversible hydrogen electrode (RHE) compared to 16 % for IrO_x/ATO. The polarization resistance measured in the OER region by dEIS remains roughly the same for IrO_x/ATO while a large increase was observed for IrO_x/Vulcan XC-72.