This paper proposes the modeling and economic analysis of proton exchange membrane type fuel cells. The fuel cell is an electrochemical device that changes energy from chemical to electrical energy. FC offers clean and effective energy production and it undergoes rigorous growth by numerous manufacturers with different applications. Fuel cells are a promising new technology for the generation of electrical energy. This technology contains hydrogen and oxygen to produce electrical energy through the electrochemical process. A mathematical model of an FC is developed which shows the cathode and anode, output voltage, and economic analysis of the fuel cells. The Simulation results of the fuel cell for a suitable converter Controller are proposed in Matlab 2021b software.