Turtle & Hughes Invests in Cadenza Innovation - Modern Distribution Management

Log In

Turtle & Hughes Invests in Cadenza Innovation

Turtle aims to help Cadenza expand its manufacturing capacity for low-cost lithium-ion batteries.
Turtle & Hughes promote two execs

New Jersey-based electrical and industrial distributor Turtle & Hughes announced Oct. 4 a strategic investment in Cadenza Innovation, a developer and designer of lithium-ion battery technologies and energy storage solutions. Financial details of the transaction were not disclosed. Turtle & Hughes ranked as the No. 16 Electrical, Data & Security Distributor in Modern Distribution Management’s 2022 Top Distributors list.

Turtle’s investment builds on its existing supplier partnership with Cadenza and reinforces the company’s commitment to delivering greener business solutions, according to a news release. Specifically, Turtle aims to help Cadenza significantly expand its domestic and international manufacturing capacity for low-cost lithium-ion batteries. This is in response to the recent signing into law of the Inflation Reduction Act (H.R. 5376), which has increased urgency to develop the U.S. battery manufacturing base, according to the release.

“Together, we will penetrate the urban market for safe and cost-effective lithium-ion energy storage batteries,” Cadenza CEO Dr. Christina Lampe-Onnerud said. “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.”

“Strategic partnerships show their value when they advance as ours has with Cadenza Innovation, both in market opportunities and financial growth,” Turtle CEO Kathleen Shanahan said. “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.”

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.