Roles played by the currents in the impulsive phase of a solar flare and in a coronal mass ejection (CME) are reviewed. Solar flares are magnetic explosions: magnetic energy stored in unneutralized currents in coronal loops is released into energetic electrons in the impulsive phase and into mass motion in a CME. The energy release is due to a change in current configuration effectively reducing the net current path. A flare is driven by the electromotive force (EMF) due to the changing magnetic flux. The EMF drives a flare‐associated current whose cross‐field closure is achieved by redirection along field lines to the chromosphere and back. The essential roles that currents play are obscured in the “standard” model and are described incorrectly in circuit models. A semiquantitative treatment of the energy and the EMF is provided by a multicurrent model, in which the currents are constant and the change in the current paths is described by time‐dependent inductances. There is no self‐consistent model that includes the intrinsic time dependence, the EMF, the flare‐associated current, and the internal energy transport during a flare. The current, through magnetic helicity, plays an important role in a CME, with twist converted into writhe allowing the kink instability plus reconnection to lead to a new closed loop and with the current‐current force accelerating the CME through the torus instability.