During exercise fat and carbohydrates are the principal substrates that fuel aerobic ATP synthesis in human skeletal muscle. During low-intensity exercise, skeletal muscle relies predominantly on fat-based fuels, thereby sparing the intracellular glycogen stores. During high-intensity exercise, however, there is a shift in fuel selection from fat towards glycolysis and the utilization of glycogen reserves. When glycogen reserves turn low during prolonged intense exercise, but also upon fasting and starvation, ketone bodies such as 3-β-hydroxybutyrate (β-HB) and acetoacetate which are produced by the liver, are increasingly important sources of ATP (Fig. 1).