Based on theoretical and experimental studies of hydrogen effect on the electron structure of iron, nickel and titanium, an electron concept is proposed for hydrogen embrittlement as well as for hydrogen-improved plasticity of engineering metallic materials. This concept implies a hydrogen-caused redistribution of valence electrons across their energy levels and an increase in the density of electron states at the Fermi level, causing a softening of the crystal lattice and, thereby, leading to a decrease in the specific energy of dislocations with consequent increase in their mobility. Innate phenomena in metallic solid solutions, namely, short-range atomic order in its two versions, short-range ordering and decomposition, are shown to be a precondition for the localization of plastic deformation. Hydrogen enhances merely this effect resulting in pseudo-brittle fracture. The role of hydrogen-induced superabundant vacancies in hydrogen-caused localization of plastic deformation and grain-boundary fracture in pure metals is discussed. Using the temperature- and strain-dependent internal friction, the enthalpies of hydrogen diffusion and hydrogen–dislocation binding are studied, and their controlling effect on the temperature- and strain-rate-dependent hydrogen embrittlement is demonstrated. Finally, a physical rationale is proposed for using hydrogen as a temporary alloying element in the technological processing of titanium alloys, and for a positive hydrogen effect on the fatigue life and plasticity of austenitic steels.