As portable electronics become more advanced and alternative energy demands become more prevalent, the development of advanced energy storage technologies is becoming ever more critical in today's society. In order to develop higher power and energy density batteries, innovative electrode materials that provide increased storage capacity, greater rate capabilities, and good cyclability must be developed. Nanostructured materials are gaining increased attention because of their potential to mitigate current electrode limitations. Here we report on the use of vertically aligned multi-walled carbon nanotubes (VA-MWNTs) as the active electrode material in lithium-ion batteries. At low specific currents, these VA-MWNTs have shown high reversible specific capacities (up to 782mAhg−1 at 57mAg−1). This value is twice that of the theoretical maximum for graphite and ten times more than their non-aligned equivalent. Interestingly, at very high discharge rates, the VA-MWNT electrodes retain a moderate specific capacity due to their aligned nature (166mAhg−1 at 26Ag−1). These results suggest that VA-MWNTs are good candidates for lithium-ion battery electrodes which require high rate capability and capacity.