Nature uses reactive components embedded in biological membranes to perform light‐driven photosynthesis. Here, we report a model artificial photosynthetic system for light‐driven hydrogen (H2) evolution. The system is based on liposomes where amphiphilic ruthenium trisbipyridine based photosensitizer (RuC9) and the H2 evolution reaction (HER) catalyst [Mo3S13]2‐ are embedded in biomimetic phospholipid membranes. When DMPC was used as the main lipid of these light‐active liposomes, increased catalytic activity (TONCAT ~ 200) was observed compared to purely aqueous conditions. Although all tested lipid matrixes, including DMPC, DOPG, DPPC and DOPG liposomes provided similar liposomal structures according to TEM analysis, only DMPC yielded high H2 amounts. In situ scanning electrochemical microscopy (SECM) measurements using Pd microsensors revealed an induction period of around 26 minutes prior to H2 evolution, indicating an activation mechanism which might be induced by the fluid‐gel phase transition of DMPC at room temperature. Stern Volmer‐type quenching studies revealed that electron transfer dynamics from the excited state photosensitizer are most efficient in the DMPC lipid environment giving insight for design of artificial photosynthetic systems using lipid bilayer membranes.