State‐of‐the‐art scanning probe microscopy (SPM) methods as applied to energy conversion and storage devices, specifically lithium‐ion batteries, are reviewed with an emphasis on the electroactive elements. The unique ability of SPM‐based methods to provide localized information has proven highly valuable for the in‐depth understanding of the fundamental mechanisms, processes, and degradation of lithium‐ion batteries (LIBs). As such, SPM analysis is poised to play a strong role in the competition for new higher performing LIBs, especially given the unprecedented choice and availability of SPM techniques tailored to provide physical and chemical information at the nanoscale.