Cadenza Innovation Named as Technology Pioneer by World Economic Forum - Seite 2

Following Cadenza Innovation's selection as a Technology Pioneer, Lampe-Onnerud will participate in the World Economic Forum Annual Meeting of the New Champions. This meeting, also dubbed "Summer Davos," will be held in Tianjin, China, September 18-20. Contributing to Forum initiatives during the next two years, she may also attend the Annual Meeting in Davos in January 2019.

"We welcome Cadenza Innovation into this impressive community of Technology Pioneers," said Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. "Front and center in shaping the ongoing Fourth Industrial Revolution, we believe the company and its fellow Pioneers will be transforming society and industry in a positive way in the years to come."

"The World Economic Forum plays a critically important role in the global community, especially its efforts to foster the adoption of new technologies," Lampe-Onnerud said. "Importantly, its commitment to facilitating access to lower cost, abundantly available, environmentally sustainable energy is unwavering. Cadenza Innovation is delighted to be selected as a Technology Pioneer and honored to be included among these other winning companies."

Earlier this month, Cadenza Innovation announced it had been awarded funding for a demonstration project to further New York State's nation-leading clean energy goals and support Governor Andrew M. Cuomo's energy storage target of 1500 megawatts in New York State by 2025. The New York State Energy Research and Development Authority (NYSERDA) is funding the initiative, which will be located at the New York Power Authority's (NYPA) headquarters in White Plains. The demonstration project will be a stand-alone system that includes a rack-mounted 200kWh, 50kW battery storage unit and will feature Cadenza Innovation's technology designed to deliver high energy and improved safety at low cost. The project is expected to be completed by fall 2019.

Additionally, under its Robust Affordable Next Generation Energy Storage Systems (RANGE) program, the U.S. Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E) solicited the battery community to deliver a robust Li-ion battery technology that could meet the cost and driving range requirements for widespread adoption of EVs. Excerpting from the detailed report, "Cadenza Innovation, Inc. (Cadenza) delivered to that goal an innovative battery architecture that improves Li-ion battery safety and, in turn, enables both increased energy density (that translates to longer drive distances) and lower cost."