The reduced coenzymes (FAD AND NAD) release hydrogens which are split into protons (H+) and electrons (e-). Electrons are passed along the electron carrier proteins in the inner mitochondrial membrane, as they go down the electron transport chain, they lose energy. Electrons release small amounts of energy by moving along the chain pumps protons through proton pumps from the mitochondrial matrix into the intermembrane space using a proton pump mechanism. This creates an electrochemical gradient across the membrane by storing protons in the intermembrane space. Protons then move from an area of high energy back down the electrochemical gradient back to the mitochondrial matrix through the ATP synthetase releasing energy to create ATP (ADP + Pi=ATP). This movement of protons (H+) is known as chemiosmosis. The whole process is oxidative phosphorylation. Oxygen combines with the protons and electrons (the parts that make up Hydrogen) to form water. 4H+ + 4e- + 2O2 --> 4H2O.