We developed a novel approach to the fabrication of three-dimensional, nanoporous graphene sheets featuring a high specific surface area of 734.9 m(2) g(-1) and an ultrahigh pore volume of 4.1 cm(3) g(-1) through a rapid microwave-induced plasma treatment. The sheets were used as electrodes for supercapacitors and for the oxygen reduction reaction (ORR) for fuel cells. Argon-plasma grown sheets exhibited a 44% improvement of supercapacitive performance (203 F g(-1)) over the plasma grown sheets (141 F g(-1)). N-doped sheets with Co3O4 showed an outstanding ORR activity evidenced from the much smaller Tafel slope (42 mV/decade) than that of Pt/C (82 mV/decade), which is caused by the high electrical conductivity of the graphene sheets, the planar N species content and the nanoporous morphology.