The present disclosure provides a supercritical compressed air energy storage system. The supercritical compressed air energy storage system includes a supercritical liquefaction subsystem, an evaporation and expansion subsystem, a staged cryogenic storage subsystem, a heat storage and heat exchange subsystem, and a cryogenic energy compensation subsystem, the staged cryogenic storage subsystem being used for implementing the staged storage and release of cryogenic energy, improving efficiency of recovering cryogenic energy during energy release and energy storage, and thereby improving cycle efficiency of the system. The present disclosure does not need to provide any inputs of additional cryogenic energy and heat energy input externally, and has the advantages of high cycle efficiency, low cost, independent operation, environmental friendliness, and no limitation on terrain conditions, and it is suitable for large-scale commercial applications.