A method of producing a composite electrode having a specific surface area of at least 100 m2/gm for use in an electrochemical capacitor. The method comprises (a) providing exfoliated graphite flakes that are substantially interconnected to form a porous, conductive graphite network comprising pores; and (b) incorporating an electrochemically active material into at least a pore of the graphite network to form the composite electrode. The exfoliated graphite flakes are preferably obtained from the intercalation and exfoliation of a laminar graphite material selected from natural graphite, spheroidal graphite, synthetic graphite, highly oriented pyrolytic graphite, meso-carbon micro-bead, carbon/graphite fiber, carbon/graphite whisker, carbon/graphite nano-fiber, carbon nano-tube, or a combination thereof. A supercapacitor featuring such a composite electrode exhibits an exceptionally high capacitance value and low equivalent series resistance.