The Fe‐only hydrogenases, also termed FeFe hydrogenases, catalyze reversible hydrogen oxidation and occur in various microorganisms and a few lower eukaryotes. These enzymes are complex FeS enzymes with unique organometallic biological activity. The Fe‐containing cluster at the active site, termed the H cluster, consists of a complex bridged metal cluster assembly with a [4Fe‐4S] subcluster linked to a 2Fe subcluster containing a unique non‐protein dithiolate linkage and both carbon monoxide and cyanide ligands. Because of the novelty of the active site H cluster, the enzyme has been a very interesting topic for experimental analysis by using a variety of physical methods. This chapter describes methods to probe the activity and electronic structure properties of Fe‐only hydrogenases and the state of the understanding of the mechanistic features of the enzymes based on data compiled to date.