Grid-scale energy storage systems with low-cost and high-performance electrodes are needed to meet the requirements of sustainable energy systems. Due to the wide abundance and low cost of sodium resources and their similar electrochemistry to the established lithium-ion batteries, sodium-ion batteries (SIBs) have attracted considerable interest as ideal candidates for grid-scale energy storage systems. In the past decade, though tremendous efforts have been made to promote the development of SIBs, and significant advances have been achieved, further improvements are still required in terms of energy/ power density and long cyclic stability for commercialization. In this review, the latest progress in electrode materials for SIBs, including a variety of promising cathodes and anodes, is briefly summarized. Besides, the sodium storage mechanisms, endeavors on electrochemical property enhancements, structural and compositional optimizations, challenges and perspectives of the electrode materials for SIBs are discussed. Though enormous challenges may lie ahead, we believe that through intensive research efforts, sodium-ion batteries with low operation cost and longevity will be commercialized for large-scale energy storage application in the near future.