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Will the EU’s big bet on graphene pay off?

Graphene’s spec sheet reads like a superhero profile. Two hundred times stronger than steel, a million times thinner than a human hair and a thousand times more conductive than copper, it’s no surprise that the fabric is called a “miracle material.”

When the sheet was carbon… first isolated in 2004 at the University of Manchester, the breakthrough shook the scientific world. Numerous uses for the “wonder substance” were considered, from storing solar energy to sewing batteries into bodies. At the EU, plans were drawn up to cash in on the promise of the material.

In 2013, the block launched the Graphene Flagship, an initiative to commercialize the material. Backed by a €1 billion budget and nearly 170 academic and industrial partners in 22 countries, the project sparked hopes that Europe would become a graphene powerhouse. However, the early ‘graphene gold rush’ did not immediately lead to wealth. But a promising sector is slowly emerging on the continent.

Graphene is a one atom thick layer of carbon atoms arranged in a hexagonal lattice.