Can Europe recharge its battery industry?

Europe has made significant strides in the battery industry, but there are concerns that the continent may have missed out on a major technological shift. With more transport and industry moving from fossil fuels to electricity, batteries are expected to be a growth business. However, the long development times and fierce competition, particularly from China, pose substantial risks.

At a nanometre scale, researchers believe a new approach could give Europe a competitive edge. LeydenJar, a Dutch tech firm, uses plasma deposition to create ultra-thin, pure silicon foils for battery anodes. This method enables significant improvements in battery life, charging speed, and energy density. The company's factory in Eindhoven, home to ASML and other semiconductor industry players, demonstrates the crossover between semiconductors and batteries as a key advantage.

Similarly, Powall, a Delft-based start-up, is developing commercial-scale equipment for nanocoating battery powders. The nanocoating process, originally from the semiconductor industry, can enhance battery performance and durability. Both companies have commercial relationships with Asian customers, but LeydenJar aims to secure a key position in the battery supply chain to bolster Europe's role in the global competition.

While Europe has strengths in developing high-quality products, analyst Alexander Brown warns that China is also working to reduce dependence on other regions. Despite this, Europe's focus on advanced technological products with high margins could present significant opportunities.