The formation of solid solutions represents a robust strategy for modulating the electronic properties and improving the electrochemical performance of spinel ferrites. However, solid solutions have been predominantly prepared via wet chemical routes, which involve the use of harmful and/or expensive chemicals. In the present study, a facile, inexpensive and environmentally benign solventless route is employed for the composition-controlled synthesis of nanoscopic Ni_1−xCo_xFe₂O₄ (0 ≤ x ≤ 1) solid solutions. The physicochemical characterization of the samples was performed by p-XRD, SEM, EDX, XPS, TEM, HRTEM and UV-Vis techniques. A systematic investigation was also carried out to elucidate the electrochemical performance of the prepared nanospinels towards energy generation and storage. Based on the results of CV, GCD, and stability tests, the Ni_0.4Co_0.6Fe₂O₄ electrode showed the highest performance for the supercapacitor electrode exhibiting a specific capacitance of 237 F g⁻¹, superior energy density of 10.3 W h kg⁻¹ and a high power density with a peak value of 4208 W kg⁻¹, and 100% of its charge storage capacity was retained after 4000 cycles with 97% coulombic efficiency. For HER, the Ni_0.6Co_0.4Fe₂O₄ and CoFe₂O₄ electrodes showed low overpotentials of 168 and 169 mV, respectively, indicating better catalytic activity. For OER, the Ni_0.8Co_0.2Fe₂O₄ electrode exhibited a lower overpotential of 320 mV at a current density of 10 mA cm⁻², with a Tafel slope of 79 mV dec⁻¹, demonstrating a fast and efficient process. These results indicated that nanospinel ferrite solid solutions could be employed as promising electrode materials for supercapacitor and water splitting applications.