The cationic copolymerization of 2‐phenoxymethyl‐1,4,6‐trioxaspiro[4,4]nonane with DGEBA under microwave irradiation using ytterbium and lanthanum triflates as initiators is described. A comparison with thermal heating showed a great enhancement in the reaction rates and a higher SOE incorporation in the network. The double ring opening of SOE reduces the usual shrinkage of epoxy resins on curing, and it was lower under microwave irradiation. Moreover, the ytterbium triflate initiator lead to a higher incorporation of linear ester moieties in the network than lanthanum triflate.