An expanded graphite ͑e-MCMB, mesocarbon microbeads͒ having a wider interlayer spacing ͑d 002 = 0.404 nm͒ than that of common graphites is prepared by heat-treatment of an oxidized MCMB. When the e-MCMB electrode, which gives a negligible capacitance due to a small surface area, is polarized over a certain onset potential ͓4.6-4.8 V ͑vs Li/Li + ͒ for positive and 1.3-1.0 V for negative direction͔, it is electrochemically activated to be a high-capacitance positive and negative electrode for electrochemical capacitor. The activation process involves an ion intercalation into the interlayer space to generate ion-accessible sites. The intercalation is evidenced by the presence of a voltage plateau in the charge-discharge profiles, and by the widening of the interlayer distance ͑by in situ X-ray diffraction study͒ and concomitant electrode swelling ͑by electrochemical dilatometry͒ that occur at the same potential region. The electrochemically activated e-MCMB particles carry slitlike pores of ca. 0.45 nm in the mean interlayer distance, into which ions very likely enter either bare or with partial solvent shells with a mixed adsorption/ intercalation charge storage behavior. A full cell fabricated with two e-MCMB electrodes delivers a volume specific capacitance of 30-24 F mL Until now, electric double-layer capacitors ͑EDLCs͒, which deliver a higher rate capability and longer cycle life as compared to the modern secondary batteries, have been used as the energy storage device for memory back-up systems. [1][2][3][4][5][6] Recently, the markets for EDLCs have been extended to the higher power and higher energy systems such as hybrid electric vehicles. Energy density of the present EDLC, however, does not meet the market's need. Hence, to exploit such new applications, it is necessary to develop electrode materials having a higher energy density than the conventional ones.The energy density of EDLC is given by E = 1/2 CV 2 , where C stands for the capacitance per volume or weight, and V the working voltage. An enlargement in either C or V can thus be the way to achieve a high energy density in EDLCs. 3,5,7 One way to increase the cell voltage is the use of nonaqueous electrolytes. Normally, the cell voltage of EDLCs employing aqueous electrolytes is below 1.2 V, which can, however, be enlarged up to 3.0 V by using nonaqueous electrolytes. The other approach to increase the energy density is the employment of high-capacitance electrode materials, which are normally high-surface-area conductive materials as the electric double layer is formed at the electrode/electrolyte interface.