Europe wants more homegrown tech to cut its dependencies on the United States and China, but the EU warned Wednesday the bloc has more work to do. But to achieve this objective, the EU must bring electricity costs down relative to the United States and China where energy prices are lower.

The best strategy is to scale up and innovate in clean technology areas with a European advantage

Europe wants more homegrown tech to cut its dependencies on the United States and China, but the EU warned Wednesday the bloc has more work to do. But to achieve this objective,…