Turtle & Hughes said it recently entered a strategic investment in Cadenza Innovation, a growth-stage company that has developed a patented technology platform — the “superCell” — which is enabling a new generation of safe, high-performing, low-cost lithium-ion batteries and energy storage solutions.
The Linden-based electrical and industrial distributor said its investment builds on its existing supplier partnership with Cadenza and reinforces the company’s commitment to delivering greener business solutions that empower customers to achieve their sustainability goals.
The terms of the deal were not disclosed.
Turtle & Hughes said its investment 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,” Kathleen Shanahan, Turtle & Hughes CEO, stated. “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 preeminent battery experts.”
Eliminating risk of fires and explosions, Cadenza Innovation’s Department of Defense-tested and UL-registered superCell technology platform fuels urban deployments due to its safe, flexible and space-efficient design, bolsters utility grid resilience and powers a range of uses in the transportation and commercial and industrial sectors.