Growing group of firms apply for battery patents, Europe lags

The number of patent applications within battery technology has reached a new record, but Europe's small and mid-sized businesses are falling behind, shows new study.

Photo: Lithium Balance

Big things are happening in the development of the future's batteries – at least judging from the number of patent applications within battery technology, which, according a press statement from the Danish Patent and Trademark Office, has set a new record.

More specifically, a new study compiled by the European Patent Office and the International Energy Agency shows that the number patent applications for batteries and other forms of electricity storage increased by 14 annually in the period 2005-2018, the latter end of the spread being the last year with available data.

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