Understanding the interactions of ambient molecules with graphene and adjacent dielectrics is of fundamental importance for a range of graphene-based devices, particularly sensors, where such interactions could influence the operation of the device. It is well-known that water can be trapped underneath graphene and its host substrate, however, the electrical effect of water beneath graphene and the dynamics of how it changes with different ambient conditions has not been quantified. Here, using a metal-oxide-graphene variable-capacitor (varactor) structure, we show that graphene can be used to capacitively sense the intercalation of water between graphene and HfO2 and that this process is reversible on a fast time scale. Atomic force microscopy is used to confirm the intercalation and quantify the displacement of graphene as a function of humidity.Density functional theory simulations are used to quantify the displacement of graphene induced by intercalated water and also explain the observed Dirac point shifts as being due to the combined effect of water and oxygen on the carrier concentration in the graphene. Finally, molecular dynamics simulations indicate that a likely mechanism for the intercalation involves adsorption and lateral diffusion of water molecules beneath the graphene. § Equal contribution Keywords: graphene, sensor, varactor, capacitance, water 2 The successful exfoliation of single-layer graphene and subsequent development of chemical vapor deposition (CVD) for producing large-area graphene sheets has resulted in many interesting device applications. Its use in field-effect transistors, 1 mixers, 2 optical modulators, 3 photodetectors, 4 and a wide variety of chemical sensors is of particular note. [5][6][7][8][9] In nearly all of these device concepts, the intimate interactions between graphene and adjacent dielectrics is critical, yet has not been explored in detail. For instance, it has been shown previously, using density functional theory (DFT) simulations, that the equilibrium distance between graphene and HfO2 is 0.30 nm. 10 However, it has also been shown that this equilibrium distance can change in the presence of defects on graphene or in the adjacent dielectrics, as the defects create bonding sites that result in stronger coupling between graphene and HfO2. 10 The intimate surface interactions can become even more complex with the introduction of small molecules such as H2O, 11 which can often be trapped between the graphene and the adjacent surface. Previously, atomic-force-microscopy (AFM) studies have shown that exfoliated graphene on mica can visualize the trapped water underneath due to the displacement of graphene. 12 However, to date, these trapped molecules have only been probed using physical analysis techniques such as AFM. 12,13 It would be extremely useful if such molecular interactions could be probed using electrical techniques, as such methods could allow a greatly improved understanding of the dynamics of these processes.We have recently proposed a capacitanc...