The need for a sustainable hydrogen supply has sparked significant efforts to develop effective liquid hydrogen carriers with high hydrogen content that can be safely stored and undergo controlled hydrogen release. However, a major challenge lies in the ultralow hydrogen evolution rate caused by the direct dehydrogenation of liquid hydrogen carriers. Conventionally, accelerant additives are employed to improve the dehydrogenation rate, but this strategy inevitably sacrifices the hydrogen storage density. Therefore, achieving high-efficiency hydrogen release and high storage density remains a daunting task. Herein, we develop an innovative photothermally-activated suspended biphasic reaction strategy, which absorbs solar radiation and re-radiates infrared photons to induce photothermal evaporation and in situ dehydrogenation of liquid hydrogen carriers, fundamentally circumventing the employment of additives. Furthermore, by leveraging this phase transition-induced biphasic reaction design, the strategy improves the required reaction temperature and drastically lowers hydrogen transport resistance. Therefore, an impressive hydrogen evolution rate of 386 mmol g-1 h-1 is achieved from pure formic acid with an ultrahigh hydrogen storage density of 53 g L-1, representing a threefold improvement in rate compared to state-of-the-art strategies. Our approach introduces a fresh perspective for the dehydrogenation of liquid hydrogen carriers, encompassing formic acid, hydrazine hydrate, and so on, and concurrently guarantees exceptional hydrogen release capabilities and excellent hydrogen storage density.