The unique structural characteristics of one‐dimensional (1D) hollow nanostructures result in intriguing physicochemical properties and wide applications, especially for electrochemical energy storage applications. In this Minireview, we give an overview of recent developments in the rational design and engineering of various kinds of 1D hollow nanostructures with well‐designed architectures, structural/compositional complexity, controllable morphologies, and enhanced electrochemical properties for different kinds of electrochemical energy storage applications (i.e. lithium‐ion batteries, sodium‐ion batteries, lithium‐sulfur batteries, lithium‐selenium sulfur batteries, lithium metal anodes, metal‐air batteries, supercapacitors). We conclude with prospects on some critical challenges and possible future research directions in this field. It is anticipated that further innovative studies on the structural and compositional design of functional 1D nanostructured electrodes for energy storage applications will be stimulated.