For a century, nickel-cadmium (Ni-Cd) batteries have been widely used as electrochemical energy-storage cells. However, due to the rapid development of portable electronic devices and the increasing search for cleaner electric vehicles, new generations of batteries have been investigated during the last few decades. Among them, nickel metal hydride (Ni-MH) batteries, with their larger capacities and improved environmental compatibility, have shown their ability to replace Ni-Cd cells. The negative electrodes of Ni-MH batteries are made of reversibly hydride-forming intermetallic compounds. In this article, the crystallographic and thermodynamic properties of these compounds will be reviewed. Their hydrogen-absorption properties, their electrochemical performance, and the solutions that have been found to achieve reliable cycle life will be presented. The industrial market for Ni-MH batteries will also be discussed in comparison with other battery systems.