Energy consumption is increasing day by day and the demand cannot be meet by harvesting energy, so it needs wise consumption and critical storage for peak hours. In this regards the energy storage devices such as lithium ion batteries (LIBs) and sulphur batteries are of great importance. That’s why the most active research is going on LIBs, these days. LIBs are largely used for electronic devices and hybrid electric cars. To make it suitable for electric car, theoretical specific energy and energy density needs to be improved. For that purpose novel electrode should be employed which would have outstanding electrochemical performance. A lot of research has been done on employing various materials for electrode such as Li, sulphur, silicon chalcogenides. Herein novel Transition bimetal oxide materials, blending with nanotubes of carbon are contemplated which will enhance the energy density, theoretical capacity and cycle stability.