The second half of this presentation will describe the development and application of advanced experimental, imaging, and simulation tools in evaluating the present state-of-the-art PEM electrolyzer materials and components. We will highlight emerging operando diagnostics for evaluating water reactant transport rates and anode dry-out at the catalyst, porous transport layer (PTL), and membrane electrode assembly (MEA)-scale. We will also present diagnostics for uncovering the overpotential due to proton transport in the anode catalyst layer, including those for ionomer-free anode concepts. Our talk will also feature the use of ultra-high resolution 3D imaging of electrolyzer electrodes in evaluating the impact of catalyst and processing on the electrode morphology and catalyst utilization and efficacy. The imaging methods employed include nano-scale resolution X-ray computed tomography (nano-CT), plasma-focused ion beam cross-sectioning for scanning electron microscopy (pFIB-SEM), and micro-CT. Finally, we will present the use of continuum and image-based pore-scale simulations of PEM electrolyzers to develop a pathway towards the fundamental upper limits of PEM electrolyzer performance and cost reductions.