In the present work, photoinduced O(2) evolution from the [Cp(2)Os-OH](+) complex in aqueous solution has been studied by the DFT, CASSCF, and CASPT2 methods. The CASPT2//CASSCF calculations predict that the S(3) state is initially populated and the subsequent deprotonation of [Cp(2)Os-OH](+) proceeds very easily along the T(1) pathway as a result of the efficient S(3) → T(1) intersystem crossing. It is found that the O-O bond is formed via the acid-base mechanism, which is different from the direct oxo-oxo coupling mechanism suggested in the experimental study. Formation of the O-O bond is the rate-determining step and has an activation energy and activation free energy of 81.3 and 90.4 kcal/mol, respectively. This is consistent with the low quantum yield observed for generating molecular oxygen upon irradiation at 350 nm (~ 82 kcal/mol). The O(2) release from an intermediate complex has to overcome a small barrier on the triplet pathway first and then pass through the triplet-singlet intersection, generating the O(2) molecules in either the lowest singlet or triplet state. The formed (3)O(2) molecule can be converted into the (1)O(2) molecule by the heavy atom effect in the Os complexes, which is probably the reason only the (1)O(2) molecule was detected experimentally.