Transition metal oxides have been intensively developed for use as anode materials to overcome the capacity limitations of commercial graphite. In this study, a highly ordered mesoporous NiO electrode material is fabricated using a hard templating method, and exhibits a reversible capacity of approximately 940 mAh g −1 that is much higher than the theoretical value based on the conversion reaction (717 mAh g −1 ). Combined analyses that include synchrotron-based X-ray techniques and controlled X-ray photoelectron spectroscopies attribute the lithium storage behaviors to both the conversion reaction of NiO framework and the reversible electrolyte-derived surface layer. Interestingly, the contribution of the reversible electrolyte-derived surface layer (∼440 mAh g −1 ) to the capacity is comparable to that of the conversion reaction with NiO (∼500 mAh g −1 ). The results also demonstrate that incomplete conversion occurs due to the high bonding energy of Ni–O in the framework during the electrochemical reaction, and prove that the distinctive nano-structural characteristics of the mesoporous NiO surface cause the reversible behavior of the electrolyte-derived surface layer. • Ordered mesoporous NiO has an abnormally high electrochemical capacity. • The abnormal high capacity is due to the electrolyte-derived surface layer. • The conversion reaction of NiO is partially irreversible during cycling.