Solar-to-H₂ conversion is attracting much research attention as a potential approach to meet global renewable energy demands. Although significant advances have been made using metal-tipped colloidal cadmium chalcogenide zero-dimensional (0D) quantum dots and one-dimensional (1D) nanorod heterostructures in solar-to-H₂ conversion, their efficiency may be further enhanced using an emerging class of colloidal cadmium chalcogenide nanocrystals, namely two-dimensional (2D) nanoplatelets (NPLs), because of their unique properties. In this review, we summarize the recent advances on exciton dissociation dynamics and light-driven H₂ generation performance of colloidal nanoplatelet heterostructures. Following an introduction on the electronic structure of 2D NPLs, we discuss the dynamics of exciton dissociation by electron transfer to molecular acceptors. The exciton quenching dynamics of CdS NPL-Pt and CdSe NPL-Pt heterostructures are compared to highlight the effect of material properties on the relative contributions of the energy-transfer and electron-transfer pathways. Representative solar-to-H₂ conversion performances of 2D NPL-metal heterostructures are discussed and compared with those of 1D nanorod-metal heterostructures. Finally, we discuss the challenges in further improving the solar-to-fuel conversion efficiencies of these systems.