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. Running Tide is the global ocean health company that develops the technologies, techniques, and systems to rebalance the carbon cycle, combat ocean acidification, and rebuild coastal ecosystems. Kelp seeds are grown on compressed wood-and-limestone buoys and released in the open ocean where they ultimately sink into the depths, storing away the embodied carbon for centuries. Natural ocean mixing patterns might replace a significant amount of the dissolved inorganic carbon taken up by kelp, or shift waters away from the surface, among other factors that can come into play. "Essentially what we have to do is run the oil industry in reverse," he concluded. A proprietary system remotely monitors the microforests, quantifying kelp growth, carbon content, and sinking locations. While there are hundreds of species the company could test in many parts of the oceans, most are adapted to the nutrient-rich waters largely concentrated along the coasts, he says. What are we waiting for? That said, scaling up Running Tide's operation depends on what the data says from their ongoing experiments. They found stark differences in the ecosystem when they went back in a three-person submarine over months and years that followed. But thats just part of this. Published But Running Tides macroalgae-sinking plans have generated the most attention. Rob Odlin. Discover special offers, top stories, Seaweed is a ravenous consumer of carbon dioxide, and scientists have been eyeing it as one potential solution to the climate crisis. A host of startups are pursuing a variety of novel ways to produce or sell the credits, backed by venture capital investments and hefty fees for each ton of carbon putatively sucked up and stored away. Functionally, there are two pathways that exist in nature: you can put organic carbon under tremendous pressure or you can turn organic carbon into inorganic carbon and put it under tremendous pressure. Kill Godzilla. Shopify, Stripe, and the Chan Zuckerberg Initiative have all purchased future carbon dioxide removal from Running Tide, priced at $250 a ton in Stripes case. A singular focus on atmospheric carbon has huge ramifications for which climate solutions get funded, built, and deployed, as well as the policies and carbon accounting frameworks that surround them., At Running Tide, we look to the global carbon cycle for a more complete problem statement.. As Odlin notes, the fossil fuels we burn for energy started out as plants millions of years ago. Time And an incomplete problem statement leads to incomplete solutions., Concentrations of carbon dioxide have increased dramatically in the atmosphere, but they have also increased dramatically in the ocean. He noted that the research group Ocean Visions had previously established an expert team to advise and evaluate Running Tides operations. The transfer of carbon from fast to slow is the most important mass-moving challenge of the 21st century. If such material were sunk on very large scales over years, significant stretches of the deep sea could become oxygen-depleted, microbe-dominated zones where little else could live, Smith says. They'll return in the spring to sink this test-crop of carbon-removing kelp a thousand meters deep, hopefully to stay there for millennia. Running Tide is founded and the team builds a system to revolutionize ocean growing. Most of the researchers left after less than a year at the company and several after only six months, according to the career networking site. Odlin said there was never a plan to sink wood on its own and replied no when asked if the company has proposed adding nutrients to the ocean. Olivia Mercier runs the kelp hatchery at Portland's Running Tide Technologies. Marty Odlin just wanted to go fishing. Towering banks of fans that can pull CO2 from the sky. Our multipathway system utilizes materials that already exist in the ocean, including terrestrial biomass (floatation and transport), calcium carbonate (alkalinity enhancement), and macroalgae (carbon sequestration) to put carbon back in the slow cycle in the deep ocean and marine sediments.. "We're certainly not going to jump ahead of science," Odlin said. What were trying to do is blow some cold air into a debate thats been done in a pretty cavalier fashion so far, he says. Oceans represent two-thirds of the Earths surface and are the main theater of war for climate change, even more than forests. For starters, reaching a big enough scale to significantly affect the climate will require dedicating a vast amount of ocean to seaweed farming. We just have to be unleashed.. Our footprint scales as we operate multiple shellfish farm sites. They release rope that's entwined with early-stage kelp, a fast growing seaweed that will soak up carbon dioxide. Odlin said the company has long planned to use wood in some way in its kelp rafts, noting that it could also carry down the carbon in its biomass as it sinks. draw down the large carbon debt weve already accumulated). As a kid growing up on the Gulf of Maine, hed jump from boat to boat on Portland docks humming with the kind of energy that once hauled hundreds of thousands of pounds of cod into port each day. He founded Running Tide in 2017 to address the perilous changes he witnessed while working on the ocean. But he also started thinking about how to stop the damage in the Gulf of Maine, one of the fastest warming bodies of water on the planet. (Photo courtesy Running Tide). What we learned in Iceland helped us reimagine our family business back home. There just arent any mackerel. The ultimate goal is that it will stay there, sequestrated for millions of years, turning back into oil. En los ltimos aos . . "We're just fishing for carbon now, and kelp's the net," he says. What's LinkedIn for? But while fishing has always been a boom-or-bust game, what keeps Odlin awake is the worry that the booms are over forever. At the heart of the project lies kelp, a variety of large, brown seaweed recognized for its ability to rapidly absorb carbon dioxide, the heat . Northeastern US Early Stage Companies With More Than 10 Employees, New England Companies With Fewer Than 100 Employees (Top 10K), New England Companies With Fewer Than 1000 Employees (Top 10K), New England Information Technology Companies, Number of Organizations that the person founded, Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Where the person is located (e.g. Running Tide Profile and History . At its core, carbon removal is "a mass-transfer problem," Marty Odlin, Running Tide's CEO, told me. Among other risks, the kelp could outcompete phytoplankton communities that already remove vast amounts of carbon and form the foundation of marine food chains that support global fisheries. Video Transcript AKIKO FUJITA: Welcome back to Yahoo Finance Live. Odlin said the companys system and processes include numerous safeguards and reviews to minimize any possible ecological perturbations. He adds that Running Tide is relying on the best science available and has continually consulted with numerous ocean experts. To learn more about our ocean based carbon removal process and details, check out our whitepaper. I'm from a multi-generation commercial fishing family, and decided to found Running Tide after experiencing the devastating impacts of climate change on our fisheries and local environment. Video transcript. Weve been burning carbon from coal and oil into the atmosphere and oceans for decades. Running Tide started as an oyster aquaculture company and has developed the process for carbon sequestration which CEO Marty Odlin started to think about in 2010. "Ocean Visions involvement is critical to our mission at Running Tide" says Marty Odlin, Running Tide CEO and Founder. Running Tide founder Marty Odlin has a big idea about how to fight climate change: millions of seaweed farms. Oceanographers say that sinking significant amounts of wood could dramatically alter deep-water ecosystems. Running Tides novel approach integrates land and sea photosynthesis, stacking two natural carbon capture pathways. "It just got really hard for me to go into crazy debt to buy a boat to catch fish that were swimming away," Odlin says. Running Tides patent filing describes one method in which a rope line could be co-winded, coiled, and/or intertwined with iron or an iron-containing thread, filament, or string to provide a source of iron (Fe) nutrient to the target product.. (Photo by Halldor KOLBEINS / AFP) (Photo by HALLDOR KOLBEINS/AFP via Getty Images). Pumps injecting plant-based biofuels into the earth. This also prompted internal concerns over the potential ecological effects. Running Tide is pursuing a lucrative though loosely regulated market: selling so-called carbon offsets to corporations. Critics, however, fear that as more companies develop net-zero emissions plans, the public relations and financial incentives are pushing players on all sides of this market in a single direction: toward developing, funding, accrediting, selling, and buying as many carbon credits as possible, even if some of the practices have questionable benefits or could inflict environmental harms. And I think that its pretty clear that thats just due to how drastically weve altered the chemistry of the ocean. Running Tides carbon removal system utilizes natural phenomena sunlight, photosynthesis, ocean currents, carbonate chemistry, and gravity to restore and sustainably amplify the carbon buffering capacity of the ocean. A proprietary system remotely monitors the microforests, quantifying kelp growth, carbon content, and sinking locations. Last Update. Neither kelp nor shellfish farming compete for land or coastal space and the unavoidable by-products of both are the restoration of marine habitats and large-scale carbon removal. This means CCS must grow from an industry worth a few billion in 2022 to a trillion dollars a year by 2030. Stay tuned with the most relevant events happening around you. Adam Baske (left) and Capt. But some scientists fear the ecological risks on large scales. As a global community, we have many steps (and a few giant leaps) to go. Our shellfish . -- CEO Marty Odlin can be booked here. To rebalance the global carbon cycle, we must build the fossil fuels industry in reverse a highly efficient, global carbon industry that moves carbon from fast to slow. Privacy Policy | Video transcript. Were doing this because were terrified by what were seeing, he says. In more recent years, Ive returned to Iceland to work towards our shared mission, utilizing the countrys many unique and extraordinary strengths to promote ocean health, which include:, During our first year in Iceland, weve been met with open arms by coastal communities, partners across various industries, new Icelandic team members, the scientific community, and policymakers. more time. The company has said its free-floating microfarms could be seeded with kelp sporophytes and mechanically rigged to sink after six to eight months, ideally to below 1,000 meters (nearly 3,300 feet). m . We grew up on these stories of heroism and sacrifice. Eat more oysters. Expert advisors assembled by Ocean Visions will support the development of an environmental impact assessment, provide expertise related to ocean circulation data, and offer insight into the regulatory landscape for ocean-based carbon dioxide removal research occurring in international waters. 2023 Cable News Network. Sources say the company has explored another, potentially faster way to begin sequestering carbon in the oceans: sinking significant amounts of wood chips or other forms of waste wood, possibly with smaller types of algae growing on them. Music historian takes charge of NYPL Research Libraries. Even as he went off to study robotics at Dartmouth College and earth systems at Columbia University, he still dreamed of his own mackerel rig and even had a name picked out Running Tide. All their eggs are external, and those booms come when the chemistry of the ocean is just right for that species, he said. Having grown up around commercial fishing and received formal training as an engineer, Marty is combining his passion for our Show Solving Climate, Naturally, Ep Marty Odlin, CEO of Running Tide - Feb 28, 2022 We adopted and adapted some of the more accessible and high leverage innovations and I took their lessons to start a new company that I hoped could revitalize not only my own coastal community, but help heal the ocean for everyone., As I built Running Tide, I always had Iceland in my mind's eye. Some employees were also disturbed that Running Tide was discussing more controversial practices, including adding nutrients to the ocean to stimulate macroalgae growth. Odlin declined to comment on any specific personnel moves, but he insisted the company hasnt seen an unusually high level of turnover for a five-year-old startup. Europe, Menlo Park, China), Where the person is located (e.g. Portland, Maine 4,478 followers The global ocean health company. AKIKO FUJITA: Welcome back to Yahoo Finance Live. What does it mean to be a trustee? We should get mad and go kill that thing. The company has raised millions in venture funding and gained widespread media attention, and it counts big names like the Chan Zuckerberg Initiative among its customers. They either didnt respond to inquiries or declined to comment for this piece. The new building would enable research and development "of different strains of oysters or clams or macroalgae," such as kelp, and "would allow us to increase the size and scope of our . We have a commitment to science and take seriously our stewardship of the oceans.. Large rafts of free-floating kelp could introduce invasive species and microbes. E1122: Running Tide CEO Marty Odlin is helping solve the Climate crisis by using kelp to sequester carbon in the ocean, shares insights on generational shifts in climate response & more This Week in Startups Technology Check out Running Tide: https://www.runningtide.com FOLLOW Marty: https://twitter.com/martyodlin We engage in the first of many restoration projects. Heal the ocean. But executive director Brad Ack says all that will be weighed in the context of the urgency of combating climate change. But considering the most successful carbon removal facility in the world so far Icelands Climeworks can pull down fewer than 4,000 tons annually, it could be decades before that goal is met. Thats equivalent to more than 60% of the global coast, and it would occupy an area nearly the size of Ireland. "Once the carbon is sunk deep enough it is effectively stored and removed from being able to harm the environment," Odlin says. Also check out other Virtual Events in Online. The company is part of a new wave of big-thinking about removing carbon from the atmosphere at a planetary-scale. Marty Odlin is Founder and CEO of Running Tide, a Maine-based company seeking to harness, accelerate, and scale the most impactful restorative processes naturally at work in the ocean to build a climate positive future. This is perhaps the most consequential mass transfer in human history. Ocean Visions and Running Tide Convene an Independent Scientific Advisory Board, White Paper: Carbon Removal Is Mass Transfer From Fast to Slow Carbon Cycles, Honoring Our Veterans and Engaging Them in the Fight Against Climate Change, human beings have moved more than 1.5 trillion tons of carbon, The ocean is the single largest sink of anthropogenic carbon. Starting businesses, building boats, making nets. But when it came time to take out a boat loan, I just couldnt make the math work, Marty said. They stress that the urgency to solve this problem doesnt free researchers, governments, or companies from the need to carefully evaluate the harms these concepts could impose and to establish appropriate rules governing the practices. -- CEO Marty Odlin with your friends. The climate risks were so high. We start growing macroalgae on vertical lines. Tendencia The New York Times Marty Odlin, quien creci y vive en la costa de Maine (EE.UU. The company is also building floating oyster farms, which filter millions of gallons of seawater while growing a marketable source of protein and capturing carbon in the shells at the same time. I dont think the data shows a remarkable turnover rate, I really dont, Odlin adds. The overwhelming scientific consensus is that seaweed cultivation presents one of humankind's most promising ocean [carbon dioxide removal] pathways, as asserted in last years National Academies report, he wrote. The oceans naturally occurring mechanistic transfer of biomass to the deep sea achieves long-term sequestration. In 2010, scientists at the University of Hawaii at Mnoa and elsewhere sank more than 400 pounds of Douglas fir boards nearly 5,500 feet to the bottom of the Santa Cruz Basin, off the coast of California. Running Tide reverses the cycle by sinking terrestrial biomass, growing kelp in the open ocean, and farming shellfish. But sources say early efforts to grow far beyond the coast didnt produce much kelp. Researchers have pointed out numerous additional challenges in economically scaling up the natural seaweed carbon cycle into a massive, reliable form of greenhouse-gas removal and storage. Its burning forests down. Our next guest has come up with a pretty creative way to capture some of those . Months later the mature plant blades will grow too heavy for their biodegradable buoys. The authors called for the scientific field to adopt a code of conduct to guide work in marine-based carbon removal, stressing the lack of regulations, the unknowns in the space, and the potential for even just research to effect tragic or unexpected outcomes.. Having conducted tests on this solution's ability to remove carbon for 18 months, Odlin expressed confidence that "sinking kelp forests can get to megatons very quickly relative to other technologies." That said, scaling up Running Tide's operation depends on what the data says from their ongoing experiments. Thu, Feb 2, 2023 12:30 PM GMT (+00:00) 0 - 10. Natural Gas Companies Have Their Own Plans To Go Low-Carbon, As Cities Grapple With Climate Change, Gas Utilities Fight To Stay In Business, A Looming Disaster: New Data Reveal Where Flood Damage Is An Existential Threat. hide caption. Iceland, too, had built its economy on the foundation of fisheries and Icelanders shared both our passion for the ocean and alarm about the impacts of warming and acidification. Pro tennis player returns to Hanover to train with Big Green coach Bob Dallis. Odlin says that Running Tide is striving to address a critical societal danger, and doing its best to adhere to what the bulk of the science says. Now this seaweed plays a key role in his effort to minimize global warming. "Right now it's purely a production facility," he said of the hatchery. A systems engineer and member of a 4th generation fishing family, Marty founded the company in 2017 after seeing the devastating implications of climate change on his own community. After graduation, Odlin, who majored in engineering modified with studio art, worked in China and then as assistant director at the Columbia University Center for Sustainable Engineering. Learn how we spent the fund's first $5 million on the most promising and innovative solutions fighting climate changeand the visionary entrepreneurs behind them. She raises sporophytes, or early-stage kelp, on a pipe wrapped with biodegradable string; the string will be placed in the ocean. He sees potential for Running Tide to help reverse global warming. Expanding the Community for Ocean Solutions. As kelp piles up on the seafloor, it could choke off dense communities of species that live within ocean sediments. Running Tide, a company headquartered in Portland, Maine,. A few oysters on a plate or a pile of kelp on the beach can seem like such tiny weapons against a carbon Godzilla, but Odlin dreams of goosing their natural powers with the latest in biotech and building them to a massive scale on the same Maine docks where his ancestors built ships to beat Hitler. But he watched as the warming climate drove major shifts in fish populations, while regulators put a lid on how much could be taken from the sea. And I was like, What am I going to do about that? And you either give up or you get kind of mad, you know?. 37 Thousand gigatons of CO 2 stored in deep ocean reservoirs MARTY ODLIN CEO & FOUNDER Marty studied robotics at Dartmouth, managed a fleet of five fishing boats, and his family has been in the offshore fishing business for generations. Theres no one thing that we can do that will solve the problem, Mankin says. He realized early the uncertainty of wild-captured fisheries. Developing such systems and providing nutrients at sea could both add costs and complexity, and the latter could give rise to legal challenges and public pushback, as early ocean fertilization efforts did. "I'm not in this to give Godzilla a paper-cut.". The key issue is how to move the hundreds of gigatons of carbon emitted by fossil fuels from the "fast cycle," where carbon flits from fossil fuels to the air to plant matter, back to the "slow cycle," where they remain locked away . Plug-in hybrids wont get the world to zero emissions, but they can help cut climate impacts somewhat. Moving biomass from a short-term carbon cycle to long-term storage in the deep sea results in net negative CDR and best-in-class mass transfer ratios. Portland, Maine Area. San Francisco Bay Area, Silicon Valley), Total number of current Jobs the person has, Number of news articles that reference the Person. A Maine fishermen, from a family of Maine fishermen, is among the finalists for a $100 million prize for fighting climate change from Elon Musk. When kelp washes up on beaches, gets gobbled up by invertebrates and bacteria, or otherwise breaks down before it reaches the deep ocean, much of the carbon in it can simply wind up back in the air, says Catriona Hurd, a professor at the University of Tasmania who focuses on seaweed ecology and an author of a March study that highlighted the challenges of seaweed carbon accounting. (Sources have previously said Running Tide aims to sequester 1 billion tons of carbon dioxide by 2025 and described its hypothetical full scale as a billion or more tons per year.). Save Running Tide Update: What's New in 2023? While Running Tide is targeting around a billion tons of carbon dioxide a year, the National Academies report noted that just removing 100 million tons annually could require the equivalent of a roughly 325-foot-wide belt of seaweed farms along more than 450,000 miles of shoreline. They consider their workers in every minute detail of their operations. Marty studied robotics at Dartmouth, was a Director at Columbia's Center for Sustainable Engineering, managed a fleet of five fishing boats, and his family has been in the offshore fishing business for generations. The authors recommended a $125 million research program to better understand overarching challenges for ocean-based CO2 removal approaches, including the potential economic and social impacts. They estimated that $235 million will be needed to fund research priorities for seaweed cultivation over a five-year period. Boyd and Hurd both stress that the field is a long way from being able to create models that accurately estimate how much carbon will be stored through large-scale macroalgae sinking, which would be essential to any credible carbon offset market. Odlin, whose family has been in the commercial fishing business for generations, founded the company in 2017. Using a combination of robotics, sensors and. All content is posted anonymously by employees working at Running Tide. So founder Marty Odlin decided to build a business selling carbon credits around this fact. The common framework for defining the problem of our changing climate as: Burning Fossil Fuels = > CO PPM increase in atmosphere = > Warmer Planet = > Bad, This atmosphere-centric problem statement is not wrong it is just incomplete. It unlocked a highly scalable, portable, and low cost energy source that powered the Industrial Revolution and helped build the world as we know it today., But there has been a massive global cost to unleashing that energy source. 5.0 . In the race to stall or even reverse global warming, new efforts are in the works to pull carbon dioxide out of the air and put it somewhere safe. About Marty: Marty Odlin is the Founder and CEO of Running Tide, a global ocean health company. Not all of them are going to work out. By moving 1.5 trillion tons of slow carbon mass out of long-term storage, we have unearthed a Godzilla and given it the power to warm our planet, alter weather patterns, acidify our oceans, and destroy ecosystems that are critical to supporting life.. Put more simply, by utilizing the best of foundational science and first-principles systems engineering, we aim to use the natural power of the ocean to rebalance the carbon cycle, re-bury Godzilla, restore ocean health, and help solve the (complete) problem. At Running Tide, our bet is on the ocean. Im such an optimist when it comes to the potential of the of the American spirit. The Dartmouth-trained engineer did start an oyster farm. But Running Tide seems to be capturing attention and investment because of its low-tech elegance. Odlin said the company is probably building the most complete and robust quantification engine for monitoring, reporting, and verification of ocean-based carbon dioxide removal, adding: And were going to look to partners, to third parties, to validate that., Odlin said that Running Tide continually reviews new research in the field, internally and with its scientific advisors, to determine if any of it changes the mainstream understanding of where the science is at with these earth systems, he says. No one said this was going to be easy, Odlin says, noting that theyre working with complicated biological systems and a variety of macroalgae species. The centerpiece idea is a network of thousands of buoys floating in the North Atlantic, each holding a microforest of seaweed and a few pounds of limestone. Odlin wants to mimic those natural processes, and do it in a hurry. Website. It would be a huge perturbation to an ecosystem, he says. The seaweed will gobble up carbon from the air and water, and the limestone will serve as an antacid for the surface layer of the sea like a Tums for the ocean. Adam Baske (left) and Capt. "And in this case, the no-action alternative is very grim.". That decision, which isnt binding in itself, was driven in part bygrowing interest among businesses in the possibility of adding nutrients to the oceans to stimulate growth of marine species to suck down carbon dioxide. I had a dream of a jigging boat, catching mackerel and groundfish and selling perfect filets. Founded by Marty Odlin, an engineer and 4th generation commercial fisherman, and proudly headquartered in Portland, Maine, Running Tide designs and builds techn Read More Headquarters PO Box 10304, Portland, Maine, 04104, United States Phone Number (207) 835-7010 Website www.runningtide.com Revenue <$5M Industry Business Services General They embrace automation, data rich management, and operate in sophisticated and dynamic balance with their fisheries stocks, shifting focus through the seasons and through the ups and downs of natural resource management. He says, too, that restoring marine ecosystems damaged by climate change and other effects of human activity is a core mission of Running Tide. They add that a rigorous, open, and extended scientific process involving teams of ecologists, oceanographers, and modelers will be required to better understand the complex interplay between these forces and to assess the benefits and costs. The UN enacted a moratorium on ocean fertilization for commercial purposes more than a decade ago. More research is also required to know how much carbon stays sequestered, for how long, in varying locations and conditions, even when kelp does reach the bottom, she says. -- CEO Marty Odlin, https://cdn-az.allevents.in/events9/banners/986131e0-7c83-11ed-9fac-1d5ca8bea482-rimg-w720-h720-gmir.jpg, We'll find event recommendations just for you. "When we started learning about Running Tide's approach, I was blown away by the simplicity," says Stacy Kauk, who directs sustainability efforts at Shopify, a $150-billion e-commerce company which will be Running Tide's first customer for carbon-capture credits. "Collaborations between academia and our team will expedite our goal of removing carbon dioxide on the gigaton scale in the coming years." PORTLAND, Maine (PRWEB) February 09, 2021 Boyd says it really wouldnt surprise me that the company has run into issues getting kelp to grow in the open ocean. The Potential Advantages Marty studied robotics at Dartmouth, managed a fleet of five fishing boats, and his family has been in the offshore fishing business for generations. We launched Shopify's Sustainability Fund to address a hard truth: there's too much carbon in the air. Running Tide, an aquaculture company based in Portland, Maine, has said it expected to set tens of thousands of tiny floating kelp farms adrift in the North Atlantic between this summer and next. Well, theres only one Earth and even a 0.1% chance of disaster, why take that risk?. TOPSHOT - Climeworks factory with it's fans in front of the collector, drawing in ambient air and release it, as largely purified CO2 through ventilators at the back is seen at the Hellisheidi power plant near Reykjavik on October 11, 2021. Theres a speed of innovation here, he says. Thats because the seaweed competes for nutrients with other carbon-sucking species like phytoplankton, among other complex biogeochemical feedback effects. Likewise, the parties to the London Protocol, which is supposed to eventually replace that treaty, passed an amendment restricting it. A behind-the-scenes look at how admissions officers make their decisions, Advertising | Running Tide Technologies, Inc. builds technologies to sustainably scale the natural processes of the ocean. And it could attract and repel different creatures, altering the chemistry and biodiversity of delicate deep-water ecosystems. Using his training as an engineer, Mr. Odlin has decided to try to reverse that decline with his company, Running Tide, which is based in Portland. Through photosynthesis, it also rapidly absorbs carbon dissolved in seawater. Our CEO, Marty Odlin, conceptualizes the first microforest. At Running Tide, we build technologies that allow us to harness the power of the ocean to build a climate positive future. Pero ahora, dijo, es como un desierto. Put simply: You can bury biomass or you can turn fast carbon into rocks.. Fred Bever/Maine Public Reversing these impacts at scale requires technology that accelerates the oceans rejuvenation. We have no idea what happens when we scale this up.. He said the company currently has 17 scientists, seven with PhDs, who have expertise in agronomy and ocean science. Some outside experts think the early results described by sources may be indicative of larger challenges. What does it mean to be a trustee? In an interview and email to MIT Technology Review, Marty Odlin, CEO of Running Tide, said the company is taking environmental impact seriously and rejected the claims that the startup had difficulties in its initial field efforts and that it lost a number of scientists. People were making money, Odlin wistfully told CNN. Much of it was ocean algae that sank to the bottom of ancient seas, where chemistry and water pressure transformed it into oil, over geologic timescales. Leader of the Strategy & Corporate Finance Practice in the United Kingdom; helps public- and private-sector clients set sustainable strategies and modernize organizations By Mark Patel Advises clients across sectors on sustainability with a focus on climate technologies; leads client work across industrial, high-tech, and semiconductor sectors There has never been a specific ecological consideration raised by a member of our team that has not been seriously addressed and contextualized by our research department, our executive team, and discussed with external partners, Odlin wrote. The hope is that growing and sinking more kelp or other sorts of seaweed will sequester additional tons of carbon dioxide that can balance out ongoing company emissions or otherwise help the world draw down some part of the billions of tons that may need to be removed to keep global temperatures in check in the coming decades. Share Running Tide Update: What's New in 2023? Indeed, considerably less carbon may stay in the deep ocean for 100 years or more than has generally been assumed, a study released this week from the UKs National Oceanography Centre found. Now they have billionaire investors and a team of engineers, biologists, agronomists, fabricators, software developers, data specialists and boat captains. In 2018 he and his wife, Justine Simon '06, who live outside Portland, Maine, started Running Tide. Musk said he was out to find the smartest, most cost-effective means and markets to capture carbon. Try refreshing this page and updating them one The Technology Running Tide is deploying and testing free-floating microforests in the open ocean to sequester carbon before sinking into the deep ocean for durable storage. But after seeing global warming's effects on the Gulf of Maine fisheries he decided to try and reverse the damage. Marty Odlin is the Founder and CEO of Running Tide, a leading global decarbonization and carbon removal platform. Odlin spent his childhood on fishing boats in Maine, where he saw kelplots of italong the rocky Atlantic shoreline. Well, it is no secret carbon. Fans in front of the collector draw in ambient air and release it, largely purified of CO2, through ventilators at the back. Staff exits in recent months, according to LinkedIn, include Margaux Filippi, the director of ocean science; Raj Saha, senior data scientist; Olivia Alcabes, data research scientist; Jean Bertrand Contina, agronomy lead for macroalgae production; and Maxwell Calloway, senior kelp biologist. -- CEO Marty Odlin to your collection. Moreover, the oceans biological carbon pump is the Earths most powerful carbon removal technology, naturally moving >2 billion tons of carbon from the fast to the slow cycle every year. A giant kelp forest along the coast of Isla de los Estados, an island near Tierra del Fuego. We have got 40,000 cities covered worldwide, Discover Online Events - Attend from anywhere , Running Tide Update: What's New in 2023? Grace is an . The ocean is the is like the womb for fish. It rated the knowledge base as medium-high, scalability as medium, durability as medium-high, and environmental risk as medium-high.. Marty Odlin, CEO of Running Tide Technologies, in its workshop on Portland's waterfront. At first it was just Odlin and a friend sitting on buckets and noodling engineering ideas on a white board they found by the road. All this anxiety, all this frustration that people have, its just because we havent been unleashed. Read More. Theres broad agreement among climate scientists that in addition to slashing emissions, the world needs to figure out ways to begin rapidly drawing down vast amounts of carbon dioxide to address the rising dangers of global warming. Dec 2019 - Oct 20211 year 11 months. Marty Odlin, whose family has been fishing in Maine for generations, has started a small company named Running Tide (the name of his boat) to remove carbon dioxide, a main culprit in global warming . Running Tides remote imaging system showed that the juvenile sugar kelp seeded on lines did grow in the ocean, Odlin said in an email, adding that to the companys knowledge, this had not been achieved before. The company has recently explored using wood buoys that are coated in limestone, which may ease ocean acidification as well, as The Atlantic recently reported. "So the kelp will sink to the ocean bottom in the sediment, and become, essentially, part of the ocean floor," Odlin says. Wood-boring bivalves quickly set to work on the sunken material, followed by aerobic and then anaerobic bacteria that deplete oxygen and produce sulfide, respectively. The idea is that locating the farms there means they wont compete with other shoreline uses like maritime operations and ensures that more of the seaweed will end up on the seafloor. Further, he rejected the claim that the company isnt taking ecological concerns seriously enough, and he disputed the idea that it had struggled in its initial field efforts and lost a notable number of researchers. OpenAir is a grassroots volunteer collective dedicated to advancing carbon removal technologies through collaborative policy advocacy and research and development projects. Jack is first name and Mandanka is last name. The Ocean Visions Launchpadsupports selected $100M XPRIZE Carbon Removal competitors using ocean-based technologies to develop and validate their technology and business models and improve their chances of success. Hurd says its not clear that farming and sinking kelp in the oceans will make any difference to atmospheric carbon dioxide., I dont think so, she says. All Rights Reserved. If you continue to get this message, Our in-depth reporting reveals whats going on now to prepare you for whats coming next. If were able to unlock growth in the open ocean, which we think is feasible, it has the potential to scale up to be quite big, Odlin told MIT Technology Review last year. upcoming events, and more. - Climeworks factory is in ICELAND containers similar to those used in maritime transport are stacked up in pairs, 10 metres (33 feet) high. Odlin thought if he could make the natural carbon reduction processes more efficient, he could achieve carbon removal on a large scale. Well, its time now, Odlin said. This week we are pleased to welcome Running Tide CEO Marty Odlin back to This Is CDR to tell us what's new at the company since he was last with us in November 2021, and what we can expect to see from Running Tide in 2023 and beyond. 2022 Ocean Visions, Inc. All Rights Reserved. AKIKO FUJITA: Welcome back to Yahoo Finance Live. Well, it is no secret carbon emissions caused by human activity are accelerating climate change. The report, which evaluated six marine-based carbon removal approaches, said there was medium confidence in the efficacy of seaweed cultivation. Running Tide's innovative portfolio of nature-based solutions include open ocean carbon removal to sequester and store carbon in the deep ocean while naturally fighting ocean acidification and regenerative aquaculture to . . High-tech carbon-removal innovations are emerging around the world. Right?. Climework's Orca project at the Hellisheii Geothermal Power Plant in Iceland. At a large scale, though, Running Tide is mindful there could be unwanted consequences. Odlin. The company hasnt disclosed its fundraising, but a PitchBook report notes it had raised more than $15 million as of this spring from Lowercarbon Capital, Venrock, Incite Ventures, and other investors. Once the carbon is sunk deep enough it is effectively stored and removed from being able to harm the environment, Odlin says. Toyota is betting theyll stay in the mix for a while. "Essentially what we have to do is run the oil industry in reverse," he says. Some varieties can grow half a meter in a day. Kelp continually sheds its blades and fronds as it grows. One thing matters: Delivering tonnage.. She raises sporophytes, or early-stage kelp, on a pipe wrapped with biodegradable string; the string will be placed in the ocean. Marty Odlin, the boat captain's nephew and the CEO of Running Tide, explains the company's mission. We must restore and increase the size of fast carbon sinks, but we must also build the pipes that move that fast carbon to slow. Running Tide slendingar tta sig ekki hrifum nskpunar sinnar. Fred Bever/Maine Public Odlin, who comes from a Maine fishing family and went to college for robotics, founded Running Tide in 2017 on the theory that the ocean, which covers two-thirds of the planet's surface,. -- CEO Marty Odlin, Online Course - Empowering People for the Metaverse. Marty Odlin, the CEO of Running Tide, wants to absorb carbon dioxide from the air and sea with a network of kelp-growing bouys. Running Tide founder and CEO Marty Odlin commented: "We are deeply grateful for the support of our Icelandic partners, the Icelandic government, and the Icelandic people in developing, deploying, and scaling solutions that will combat climate change and improve lives, both here in Iceland and around the world." . Its a Godzilla, Odlin said. And thanks to our work in Iceland, were on our way., Ocean Visions and Running Tide Convene an Independent Scientific Advisory Board, White Paper: Carbon Removal Is Mass Transfer From Fast to Slow Carbon Cycles, Honoring Our Veterans and Engaging Them in the Fight Against Climate Change. A Warner Bros. We fish for mackerel, we catch our fair share, and if they're feeling brave, we dive down and grab an oyster. And its not going to be for everybody., Im proud of the people we hired. Chicago Cubs player is lauded for local volunteer work. Its my informed view that its not going to be a thing.. We deploy North Americas largest distribution of macroalgae lines. Microsoft last year committed a billion dollars to kick-start research and development in the emerging field of carbon-removal tech. On the private sector side, Canadian e-commerce giant Shopify is among the tech companies pledging to prepurchase $1 billion worth of carbon credits from startups like Running Tide, with the hope that other corporations will follow. It's a big risk. Kelp, although it is technically not a plant but an algae, is one of the fastest growing organisms. While the heart of Running Tide will always beat from Casco Bay, we are stoked to be building our first global research and development base in Iceland. While some inventors brought designs for massive chemical or mechanical machines, Odlin hopes to harness and supercharge the natural cycles and design features of the ocean he knows so well. We are continuing to invest significant time and resources into agronomy, and still firmly believe that macroalgae can play an important role in durably removing carbon at climatically relevant scales, he wrote. Instead of chasing monster mackerel on a boat named Running Tide, Odlin started a company called Running Tide to help solve the problem. For now, from his uncle's re-purposed lobster boat off Maine's coast, the Running Tide team is tending the buoys, making sure they survive the winter storms. People were taking risks. Architect Parke MacDowell 07 takes a hands-on approach. Running Tide's Marty Odlin says it will take a World-War II level mobilization to remove a major chunk of some 200 years' worth of humanity's CO2 pollution, whether via his model or any . As previously noted, the increased macroalgae growth can also come at the expense of other carbon-sucking species that rely on similar nutrients, which would need to be counted against any carbon removal attributable to seaweed. This is hard work. 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