This chapter deals with the fundamental properties of polymer nanocomposites (PNC) and their characteristics that play a significant role in deciding their capability for the advanced energy storage device. The various synthesization methods used for the preparation of the polymer electrolytes are described followed by the characterization techniques used for the analysis. The properties of the polymer host, salt, nanofiller, ionic liquid, plasticizer and nanoclay/nanorod/nanowire are described. Various ion transport mechanism with different nanoparticle dispersion in polymer electrolytes are highlighted. The various important results are summarized and a pathway is built to fulfill the dream of the future renewable source of energy that is economical and environmental benign. Chapter motivation is focused on the investigation of the role of polymer host, aspect ratio, surface area, nanoparticle shape and size in terms of boosting the electrolytic/electrochemical properties of PNC. It will certainly help in order to open new doors toward the development of the advanced polymeric materials with overall balancing property for enhancement of the fast solid state ionic conductor which would be revolutionized the energy storage/conversion device technology.