Advancement in mobile electronics is driving progress in lithium ion batteries. Recently, organic electrode materials have emerged as promising candidates for lithium ion batteries due to their high theoretical capacity, ease of synthesis, versatility of structure, and abundance. Polymerization is a strategy used to overcome the issues associated with small organic molecules for charge storage application. The focus of this review is on the most recent progress in the field of polymeric carbonyl materials for lithium ion batteries (LIBs) and sodium ion batteries (SIBs). Advantages of organic electrode materials, device architecture, and charge storage mechanism are discussed. Challenges associated with carbonyl-based electrodes and some recent solutions are outlined. Later, a comparison of theoretical capacity, practical capacity, and cyclic life are presented for different carbonyl systems. Capacity-fading phenomena and structural degradation during charging are discussed where necessary. Some key parameters for the design of flexible batteries are highlighted and an overview of some recent contributions of our group in this field are reported. Finally, some future prospects for researchers in this field are outlined.