Turtle & Hughes, an electrical and industrial distributor, is investing in Cadenza Innovation. The investment builds on the existing supplier partnership with Cadenza Innovation that is focused on delivering greener business solutions that empower customers to achieve sustainability goals.
Cadenza Innovation is a provider of low-cost, safe and energy-dense storage solutions and was founded in 2012 by lithium battery experts. The investment from Turtle & Hughes will help facilitate Cadenza Innovation’s future plans to significantly expand its domestic and international manufacturing capacity for Li-ion batteries.
“Strategic partnerships show their value when they advance as ours has with Cadenza Innovation, both in market opportunities and financial growth,” said Kathleen Shanahan, Turtle & Hughes CEO. “Like Turtle, Cadenza Innovation has proven to be an industry leader by developing groundbreaking technology that will help solve our critical environmental challenges. As a woman-owned diversity business ourselves, we are proud to partner with Cadenza Innovation, which was founded and is operated by CEO Dr. Christina Lampe-Onnerud, one of the world’s pre-eminent battery experts.”
Dr. Lampe-Onnerud also serves as the chair of the DOE-appointed Li-Bridge Commercialization and Competitiveness committee, a U.S. Department of Energy initiative committed to accelerating the development of a robust, secure domestic supply chain for lithium-based batteries.
“Together, we will penetrate the urban market for safe and cost-effective lithium-ion energy storage batteries,” said Dr. Lampe-Onnerud. “When combining Turtle’s deep customer relationships with Cadenza Innovation’s cutting-edge battery systems, we will enable U.S. leadership and also solutions to climate change.”