How to increase energy storage capability is one of the fundamental questions, it requires a deep understanding of the electronic structure, redox processes, and structural evolution of electrode materials. These thorny problems now usually involve spin-orbit, spin-related electron configuration, etc., which cannot be probed using conventional testing techniques. Considering the intimate connection between spin and magnetic properties, using electron spin as a probe, magnetic measurements make it possible to analyze energy storage processes from the perspective of spin and magnetism. Owing to the capability of characterizing spin properties and high compatibility with the energy storage field, magnetic measurements are proven to be powerful tools for contributing to the progress of energy storage. In this review, several typical applications of magnetic measurements in alkali metal ion batteries research to emphasize the intimate connection between the magnetic properties and electronic structure, which is associated with the electrochemical performance of the electrode materials, are presented. Finally, the current challenges of magnetic measurements and the prospects for enhanced analysis of energy storage systems are discussed.