She cherished her family in France and enjoyed visiting her family home each year. Survived by her son Philip, daughter-in-law Elizabeth and two grandchildren Alana and Michelle. She grew up with three siblings: Monique, Jacqueline, and Michel. They had one daughter, Martine and one son, Philip. Marie was born in the Loire Valley in a small town named Pierrefiette, France where she married her husband Serge. Marie was born to her parents Marcel and Andre Guerin. Marie passed away peacefully on Jsurrounded by her Son, Philip and two Granddaughters, Alana and Michelle. Recent representative investments from Tailwater include Frontier Carbon Solutions, a carbon sequestration service provider, and Blue Tide Environmental, a recycler and developer of finished lubricants through liquid waste upgrade technology.Marie Therese David, 88 years of age, was born February 27, 1934, longtime resident of Westbury, NY formerly of Fawn Lake, Pennsylvania where she and Serge retired. The Freestone partnership marks a continuation of Tailwater’s commitment to identifying and supporting companies critical to the broad transition from the conventional energy economy to a low-carbon economy emphasizing renewable energy sources and re-use and mitigation efforts. Momentum’s MSX process checks both of these boxes and we are excited to enter into this partnership.” The exponential growth in electric vehicles will require innovative solutions in order to alleviate battery supply chain constraints while also addressing these issues in a more sustainable and environmentally friendly way. “We understand the importance of investing across the entire energy opportunity set, and Momentum provides an attractive growth infrastructure investment in two of our core areas of expertise – feedstock processing and material recycling. “This is an exciting transaction that further demonstrates Tailwater’s commitment to investing in the most innovative and forward-looking energy infrastructure businesses,” said David Cecere, Partner at Tailwater Capital. This partnership will provide valuable financial and operational support as we enter an important new chapter of growth.” “Over the last several years, we have worked with Oak Ridge to perfect the MSX process, and we are now ready to deploy it at a commercial scale. Their significant experience in the recycling and energy infrastructure verticals will serve as a great resource for the Company and will position us for long-term success,” said Preston Bryant, CEO of Momentum. “We are pleased to partner with Freestone as we scale our business and bring our state-of-the-art process to the broader market. “Momentum provides a cost-competitive and environmentally-friendly battery recycling solution for its customers, and we are excited to fund Momentum as the Company commercializes its technology and supports the continued evolution of the battery metals industry.” “Sourcing sufficient critical metals to support the expected exponential growth in battery deployment in electric vehicles, handhelds and stationary power storage will require continued technological innovations in the battery supply chain,” said John Schaufele, President of Freestone. The plants are expected to be fully operational at commercial scale by year end 2022. The financing will be used to fund Momentum’s first two battery recycling plants and the build-out of additional commercial recycling facilities in the future. ![]() Halliburton Labs, the clean tech industrial accelerator of Halliburton Company (NYSE: HAL), has also been a strategic partner in Momentum’s plant design and commercialization efforts. Department of Energy’s Critical Materials Institute at Oak Ridge National Laboratory. The process reduces total electronic waste and allows Momentum to not only install recycling capacity tailored to specific customer demand, but to build recycling plants within close proximity to its customers, significantly reducing additional transportation-related costs and emissions. MSX extracts high-purity metals from electronic or battery waste at industry-leading operating and capital costs. DALLAS – Decem– Freestone HoldCo, LLC (“Freestone”), a portfolio company of Tailwater Capital LLC (“Tailwater”), today announced that it has signed definitive agreements to lead a $20 million investment in Momentum Technologies (“Momentum” or the “Company”), a Dallas-based lithium-ion battery and rare earth permanent magnet recycling company.įounded in 2016, Momentum installs and operates recycling plants for its customers at a wide range of capacities using its patented modular, scalable recycling technology, Membrane Solvent Extraction (“MSX”).
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