Carbon nanotubes (CNTs) are one-dimensional tubular structures of carbon that have attracted much attention due to their potential to be used in various fields like energy storage/conversion devices, biosensing devices, drug delivery systems to name a few. Their excellent electrochemical properties like electron mobility, electrical and thermal conductivity, and high surface area make them good material for use in energy storage and conversion materials. The most promising research in the synthesis and applications of CNTs toward energy conversion and storage is highlighted along with limitations faced in mass production.