Energy storage systems, particularly batteries, supercapacitors, and their electrode materials, have been the topic of substantial investigation due to the rising need for renewable energy and environmental concerns. Nickel selenide/nickel selenite nanoparticles (NS/NSO) and nickel oxide (NiO) were fabricated from local electroplating waste electrodes as a nickel source with a simple and benign one-pot approach. The optimal NiO, prepared from spent Ni electrode powder, accomplished a specific capacitance of 498 F g-1 at a 0.5 A g-1 current density and kept as 146 F g-1 at 5.0 A g-1 in the three-electrode configuration. In comparison, it is found that NS/NSO specific capacitance values were 895 F g-1 and 220 F g-1 at 0.5 and 5 A g-1 current densities, respectively. NS/ NSO electrode exhibits a greater specific capacitance than NiO electrode at a current density of 0.5 A g-1. After 5000 cycles, NiO and NS/NSO electrodes showed excellent electrochemical reversibility, with 91.5 % and 93.4 % capacitance retention, respectively. For Li-ion batteries, the NS/NSO material could maintain a high reversible specific capacity of 508 mAh g-1. The high-rate performance indicates that the NS/NSO nanoparticles can bear high stress during the lithiation/delithiation process. By utilizing waste in energy storage tools, we have created a path for effective waste management.