Enhancing energy/power density of electrochemical energy storage devices is a hot topic in the present‐day science community. The electrochemical performance of these devices is strongly bound by the fundamental nature of the electrodes in terms of reaction mechanism, crystal structure, electrons/ions transfer kinetics and so on. These features are also the main challenge for the previously investigated electrodes (e. g. carbon, metal oxides/sulfides). Recently, tellurium and telluride‐based materials have aroused increasing interest in the energy storage field due to their high electronic conductivity, conducive crystal structure, and superior volumetric capacity. To provide a better understanding of the fundamental properties and energy storage performance of tellurium and telluride‐based materials, we first introduced the various physical‐chemical properties of telluride‐based materials. Then, we summarize the latest research advances in the field of energy storage with these materials, including essential physical‐chemical properties, synthetic methods, design strategies, and electrochemical performances. The future perspectives and challenges of tellurides aiming for practical application are discussed at last.