Formic acid is a liquid, safe, and energy-dense carrier for fuel cells. Above all, it can be sustainably produced from the electroreduction of CO2. The formic acid market is currently saturated, and it requires alternative applications to justify additional production capacity. Fuel cell technologies offer a chance to expand it, while creating an opportunity for sustainability in the energy sector. Formic acid-based fuel cells represent a promising energy supply system in terms of high theoretical open-circuit voltage (1.48 V). Compared to common fuel cells running on H-2 (e.g., proton-exchange membrane fuel cells), formic acid has a lower storage cost and is safer. This review focuses on the sustainable production of formic acid from CO2 and on the detailed analysis of commercial examples of formic acid-based fuel cells, in particular direct formic acid fuel cell stacks. Designs described in the literature are mostly at the laboratory scale, still, with 301 W as the maximum power output achieved. These case studies are fundamental for the scale-up; however, additional efforts are required to solve crossover and increase performance.