Compressed carbon dioxide energy storage (CCES) offers several benefits over other existing energy storage systems, including ease of liquefaction, high energy storage density, and environmental friendliness. As a result, the research progress, economic and technological feasibility, and system operation of the CCES system are all discussed in depth in this study. The system evaluation method is summarized and the compressed carbon dioxide storage is analyzed, and the performance optimization direction of the compressed carbon dioxide energy storage technology is discussed. When the overall performance of a transcritical CCES system, a supercritical CCES system and a liquid CCES system are compared, it is discovered that the supercritical CCES system has better thermodynamic characteristics and a simpler system configuration, making it suitable for large-scale development and use. The goal of the CCES system's future development is to create a design with an optimum compression and expansion ratio, a more precise analysis and system model, and multi-field coupling. This review's discussion serves as a guide for the best design and use of the CCES system.