Industrial hydrogen production based on water electrolysis requires the catalysts that operate stably at ultra-high current densities for extended periods. Herein, we prepared a highly dispersed pseudoamorphous metal phosphide cluster catalyst supported by nitrogen-doped carbon layer ((NiFeCo)2P-PA/NF). Due to its excellent intrinsic activity and stable structure, (NiFeCo)2P-PA/NF can drive oxygen evolution unremittingly for more than 160 h at a current density of 500 mA cm−2 (365 mV). Theoretical calculations also show that the energy barrier of the rate-determining step in the (NiFeCo)2P-PA is effectively is reduced. This alkaline hydrogen production system using (NiFeCo)2P-PA/NF as cathode and anode can meet commercial standards, showing low cell voltage (1.590 V) and extraordinary stability (over 300 h) at industrial current densities, and driving a cell voltage of only 1.372 V for 100 mA cm−2 in the urea alkaline hydrogen production system, demonstrating its potential for industrial applications.