Lithium-ion capacitors (LiC) are promising hybrid devices bridging the gap between batteries and supercapacitors by offering simultaneous high specific power and specific energy. However, an indispensable critical component in LiC is the capacitive cathode for high power. Activated carbon (AC) is typically the cathode material due to its low cost, abundant raw material for production, sustainability, easily tunable properties, and scalability. However, compared to conventional battery-type cathodes, the low capacity of AC remains a limiting factor for improving the specific energy of LiC to match the battery counterparts. This review discusses recent approaches for achieving high-performance LiC, focusing on the AC cathode. The strategies are discussed with respect to active material property modifications, electrodes, electrolytes, and cell design techniques which have improved the AC’s capacity/capacitance, operating potential window, and electrochemical stability. Potential strategies and pathways for improved performance of the AC are pinpointed.
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