Abstract This study explores the effect of nickel cobalt oxide (Ni‐Co‐O) anode layer microstructure on the oxygen evolution reaction (OER). Four anodes with similar Ni‐Co‐O loadings and chemical characteristics but distinct morphologies are fabricated by ultrasonic spraying catalyst inks of varying solvent composition (pure water versus a water‐ethanol mixture) and drying temperatures (50 and 150 °C) on nickel (Ni) plates. Upon varying solvent composition, particles in the water‐based ink exhibited lower stability than particles in the water‐ethanol‐based ink, boosting the particle connectivity in the layers. This particle connectivity correlated with the mechanical strength of the layers, resulting in reduced contact resistance and enhanced activity. The second observation is that at 50 °C, the surface morphology exhibited hill‐like islands with higher roughness, while at 150 °C, concave hemispherical shapes with lower roughness are observed. From 2D‐distribution data, it is found that surface roughness correlated with the wettability with electrolyte. Roughness increased the lyophobicity and enhanced the activity through more accessible active sites and efficient bubble transport. This work highlights how microstructure affects macroscopic layer properties, and how these in turn can enhance or diminish the performance of the OER compared to bare Ni, offering insights into the knowledge‐based design of anode layers.