DFT calculations are performed to investigate the water oxidation reaction intermediates on Ag2M (M = Fe, Co, Ni, Cu), and Pt-3 clusters in alkaline media both in the gas and solution (water) phases in the neutral and charged states. The calculated results revealed that the neutral and anionic clusters were found to be more suitable catalysts than cationic clusters because of weakly bonded water oxidation reaction intermediates. In addition, the calculated structural parameters of the water oxidation intermediates with Ag2M (M = Fe, Co, Ni, Cu) clusters revealed that M-OH bond strengths are found to be in the order of Cu < Ni < Co < Fe. Conclusively, Ag2Cu cluster was determined to be the best electro-catalyst regarding oxygen evolution reaction via 4e transfer, which is consistent with results on larger Ag2M clusters (13 atoms) and periodic Ag-M nanoalloys due to weaker binding energies of the water oxidation intermediates. (C) 2019 Published by Elsevier Ltd on behalf of Hydrogen Energy Publications LLC.