Over the past several years, selective catalytic reduction of NOx with hydrogen (H-2-SCR) has been regarded as a promising technology for NOx abatement under lean-burn conditions. In this review, we discuss the recent progress in the development and understanding of H-2-SCR catalysts. The various mechanisms that have been proposed in the literature are reviewed first. The influence of the catalyst chemical components (noble metals, supports, promoters, and perovskites) and their roles in H-2-SCR are then analyzed. Non-noble metal catalysts and the new strategy of alloying Pt with transition metals (Ni, Fe, Co, and Cu) are of particular interest and discussed. From a practical viewpoint, the effects of exhaust gas composition on H-2-SCR is also addressed. Finally, we propose potential opportunities and challenges in the area of H-2-SCR.