The cascade gear technology was first invented by MD Stig Lundbäck and the company CorPower Ocean in 2009 for wave energy conversion. The cascade gear technology has since been developed by the CorPower team, optimizing the technology for high load and speed capacity in harsh oceanic environment. In year 2014, Cascade Drives AB was started as a spin-off from CorPower Ocean with the aim to exploit the benefits of the technology outside of wave power.