Understanding physicochemical properties of liquid electrolytes is essential for predicting and optimizing device performance for a wide variety of emerging energy technologies, including photoelectrochemical water splitting, supercapacitors, and batteries. In this work, we review recent progress and open challenges in predicting structural, dynamical, and electronic properties of the liquids using first-principles approaches. We briefly summarize the basic concepts of first-principles molecular dynamics (FPMD), and we discuss how FPMD methods have enriched our understanding of a number of liquids, including aqueous solutions, organic electrolytes and ionic liquids. We also discuss technical challenges in extending FPMD simulations to the study of liquid electrolytes in more complex environments, including the interface between electrolytes and electrodes, which is a key component in many energy storage and conversion systems. K E Y W O R D S energy conversion and storage, first-principles simulations, liquid electrolytes 1 | INTRODUCTIONLiquid electrolytes are essential components in a wide variety of emerging energy and environmental technologies, including hydrogen production through solar-water-splitting, [1,2] supercapacitors, [3][4][5] ion batteries, [6][7][8] and ion-selective membranes. [9][10][11] Within these devices, a large number of liquids have been explored, ranging from aqueous solutions and ionic liquids to organic, redox-type, and solid-state electrolytes. At the same time, continuing progress has been made during the past several decades in the development of novel liquids. For example, recent studies show that the use of highly concentrated aqueous electrolytes could open new opportunities for the design of high-voltage aqueous lithium-ion batteries while also significantly improving battery safety. [12,13] For several energy storage and conversion systems, the understanding of structure, dynamics, and electronic properties of liquid electrolytes is essential for predicting and optimizing device performance. For example, desolvation of ions in sub-nanometer carbon electrodes is known to lead to improved capacitive performance. [14][15][16] Controlling transport of the lithium ion in organic electrolytes and at the interface with the graphite anode is key to the development of next-generation lithium ion batteries. [17][18][19][20] Tailoring the electronic structures of aqueous solutions for facilitated charge transfer at semiconductor/water interfaces in photoelectrochemical cells is critical for improving the efficiency of water-splitting reactions for hydrogen production. [21,22] Last but not least, understanding the electronic properties of liquid electrolytes is one of the prerequisites for manipulating the electrochemical stability of electrode-electrolyte interfaces in ion batteries and supercapacitors. [5,23] Structural, dynamical, and electronic properties of liquid electrolytes are often intertwined. For example, it is now widely accepted that the solvation structure of ions in liquid...