Magnesium and calcium hydroxides X (OH) 2 (X=Mg, Ca) are the multifunctional materials that have many important applications in industry, technology and research. In solid state electronics, the emerging applications of these compounds are related to photovoltaic devices. In the present paper we review electronic properties of X (OH) 2 , band gaps, work function, features of chemical bonding, and discuss theoretically predicted exciton effects.