Electron transfer plays a major role in chemical reactions and processes, and this is particularly true of catalysis by nanomaterials. The advent of metal nanoparticle (NP) catalysts, recently including atomically precise nanoclusters (NCs) as parts of nanocatalyst devices has brought increased control of the relationship between NP and NC structures and their catalytic functions. Consequently, the molecular definition of these new nanocatalysts has allowed a better understanding and management of various kinds of electron transfer involved in the catalytic processes. This Minireview brings a chemist's view of several major aspects of electron-transfer functions concerning NPs and NCs in catalytic processes. Particular focus concerns the role of NPs and NCs as electron reservoirs and light-induced antenna in catalytic processes from H 2 generation to more complex reactions and sustainable energy production.