Heterodimeric [
NiFe
]‐hydrogenases catalyze the activation of dihydrogen. The large subunit of all [
NiFe
]‐hydrogenases studied to date harbors a bimetallic catalytic center comprising a nickel ion and an iron ion. Both ions are connected via four highly conserved cysteinyl thiolates. All four thiolates coordinate the nickel, while two of the thiolates also coordinate the Fe ion. The iron is decorated with one carbonyl and two cyanyl moieties. Biosynthesis of this complex bimetallic center and its insertion into the large subunit requires the concerted action of six highly conserved Hyp (hydrogenase pleiotropic) proteins. Further accessory proteins also contribute to cofactor synthesis. Both diatomic ligands are generated within enzyme complexes and therefore are not released to bulk solvent. The carbamoyltransferase
HypF
catalyzes the
ATP
(adenosine triphosphate)‐dependent transfer of the carbamoyl moiety of carbamoylphosphate to the C‐terminal cysteinyl of
HypE
. In a further
ATP
‐dependent reaction, the
HypF–HypE
heterotetrameric complex then dehydrates the thiocarboxamide to thiocyanate. The cyano groups are transferred to an iron ion bound by the
HypC
and
HypD
protein complex. The source of the
CO
ligand has not been definitively identified, but current evidence suggests carbon dioxide might be the precursor and the
HypCD
complex appears to generate
CO
. The
HypD
protein is the only one of the Hyp proteins capable of performing redox chemistry and its low‐potential [4Fe–
4S
] cluster presumably delivers the electrons for the reduction of
CO
2
to
CO
as well as for the transfer of the cyano ligands to the Fe ion. As the
HypC
chaperone also interacts specifically with the precursor form of the large subunit, it likely delivers the Fe(
CN
)
2
CO
center via thiol‐transfer to the aposubunit. The nickel ion is inserted by the combined actions of the
HypA
,
HypB
(a
GTPase
), and the prolyl
cis–trans
isomerase
SlyD
but only after insertion of the iron center. Little is known about the biochemical mechanisms underlying Ni ion insertion. Specificity of metal insertion is governed by a hydrogenase‐specific endoprotease that completes the insertion process by release of a C‐terminal peptide resulting in a conformational shift in the protein, which closes the active site. All of the components of the active site cofactor are derived from inorganic sources abundant on primitive earth, perhaps suggesting that strong selective pressure has maintained this highly effective ancient bioinorganic catalyst of dihydrogen activation throughout evolution.