Thats equivalent to more than 60% of the global coast, and it would occupy an area nearly the size of Ireland. 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. At its core, carbon removal is "a mass-transfer problem," Marty Odlin, Running Tide's CEO, told me. 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. hide caption. -- CEO Marty Odlin with your friends. We deploy North Americas largest distribution of macroalgae lines. 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. Towering banks of fans that can pull CO2 from the sky. But if youre going to do it, theres a whole bunch of stuff you havent thought about yet.. By automating kelp and shellfish farming, Running Tide produces highly scalable and low-cost carbon removal as well as a nutritious, premium, and carbon-negative protein source as cheap as chicken nuggets. (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.). About Marty: Marty Odlin is the Founder and CEO of Running Tide, a global ocean health company. She says Shopify is willing to pay a premium for the credits now, in hopes the technology can ultimately be brought to a price-point that would attract broad buy-in from other businesses and governments. 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. Fred Bever/Maine Public The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. Deny? Odlin spent his childhood on fishing boats in Maine, where he saw kelplots of italong the rocky Atlantic shoreline. 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. 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. A National Academies of Sciences report last year estimated that seaweed cultivation could remove around 100 million to 1 billion tons of carbon dioxide per year. Its burning forests down. I want them to live in a world where we can go fishing on a summer Sunday afternoon out to a favorite spot in a thriving kelp forest. 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. In addition, nations that are party to the London Convention, an international maritime treaty that regulates ocean dumping, passed a resolution limiting the practice. Rob Odlin of Running Tide Technologies in the Gulf of Maine. Our next guest has come up with a pretty creative way to capture some of those . 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. 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. 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. And for us, Iceland was that place. He founded Running Tide in 2017 to address the perilous changes he witnessed while working on the ocean. 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. Marty studied robotics at Dartmouth, managed a fleet of five fishing boats, and his family has been in the offshore fishing business for generations. 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. "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. A behind-the-scenes look at how admissions officers make their decisions, Advertising | reach out to us at 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. 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 Months later the mature plant blades will grow too heavy for their biodegradable buoys. Running Tide, a company headquartered in Portland, Maine,. "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. Thats because the seaweed competes for nutrients with other carbon-sucking species like phytoplankton, among other complex biogeochemical feedback effects. Marty Odlin, CEO of Running Tide Technologies, in its workshop on Portland's waterfront. Ocean circulation models suggest much of the carbon in biomass that descends into certain parts of the deep ocean could remain there for decades to centuries. What Running Tide is doing . Oceans represent two-thirds of the Earths surface and are the main theater of war for climate change, even more than forests. "The intentional removal of eight hundred gigatons of carbon from the atmosphere will probably be the biggest engineering challenge in human history," Running Tide Founder Marty Odlin admits. 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. When we tell people what Little ones, suspended from biodegradable buoys floating free in the north. Through photosynthesis, it also rapidly absorbs carbon dissolved in seawater. Odlin and his team harvest kelp that they grow on buoys, then sink these carbon-rich biomasses deep in the sea. Fred Bever/Maine Public Likewise, the parties to the London Protocol, which is supposed to eventually replace that treaty, passed an amendment restricting it. In other words, it could harm global systems that already regulate the climate and provide crucial sources of income and food. In a patent filing last year, the company described a floating apparatus that could be seeded with gametophytes or spores of macroalgae and enhanced with a nutrient payload that could release iron oxide into the water. That may amount to a form of ocean fertilization, a concept that sparked public criticism and prompted the creation of international regulations a decade ago. We build IoT sensors and advanced automation systems. Our macroalgae passes carbon removal targets for the first time. OpenAir is excited to present , an online event series that explores the wide range of carbon dioxide removal (CDR) solutions currently being researched, developed, and deployed, and discusses them in the context of CDR policies OpenAir seeks to formulate and advance at every level of government in the U.S., as well as in national and subnational jurisdictions globally. When a seaweed crop is cut, it will sink to the deep ocean where all the CO2 those plants absorbed will remain buried in sediment for thousands of years. Surface waters, in turn, draw down additional carbon dioxide from the air over the weeks to months that follow, restoring the balance between the oceans and atmosphere. -- CEO Marty Odlin can be booked here. He allowed that the yield and consistency are not yet commensurate with that needed for large-scale carbon removal. But he said the company didnt expect that yet, and that some of the initial efforts were mainly focused on testing the companys technical systems and deployment methods.He and Justin Ries, senior scientific advisor at Running Tide, added that scientists already know kelp will grow in the open ocean, because there are varieties that do. Odlin, whose family has been in the commercial fishing business for generations, founded the company in 2017. Our shellfish . Glassdoor gives you an inside look at what it's like to work at Running Tide, including salaries, reviews, office photos, and more. Some are going to work really well; some are not; some are going to have huge variance thats part of the systems optimization that takes years., This might take 30, 40 deployments to start to get traction and get this just right, he says, adding that the company is still a long way away from any significant deployment.. 11/27/2022 3:47 AM. And on Earth Day 2021, Tesla CEO Elon Musk announced his $100 million XPRIZE for carbon removal. He added there are other potential challenges and uncertainties around some varieties that do grow in the open ocean, like sargassum. At Running Tide, our bet is on the ocean. Our in-depth reporting reveals whats going on now to prepare you for whats coming next. Running Tide already has created first-of-its-kind data recorders that . 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. 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. Killing Godzilla will require that we rebalance the carbon cycle. Im such an optimist when it comes to the potential of the of the American spirit. E.g. Thu, Feb 2, 2023 12:30 PM GMT (+00:00) 0 - 10. Were doing this because were terrified by what were seeing, he says. Find contact's direct phone number, email address, work history, and more. This is hard work. 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. 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. In 2018 he and his wife, Justine Simon '06, who live outside Portland, Maine, started Running Tide. (Photo by Halldor KOLBEINS / AFP) (Photo by HALLDOR KOLBEINS/AFP via Getty Images). . 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.. Sources describe a company thats driven by the need to begin earning carbon credits by sinking biomass of some kind into the ocean. They either didnt respond to inquiries or declined to comment for this piece. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. Wait list? In this episode of This Is CDR we are pleased to welcome Marty Odlin of Running Tide. Running Tide Update: Whats New in 2023? It would be a huge perturbation to an ecosystem, he says. Olivia Mercier runs the kelp hatchery at Portland's Running Tide Technologies. 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.. Brim bur Running Tide velkomi Breiina." ess m a lokum geta a lok jn hyggst Akraneskaupstaur boa til opins bafundar me Marty Odlin, stofnanda Running Tide, ar sem hann mun fjalla um fyrirtki, skra fr huga ess og formum Akranesi og svara spurningum bjarba. 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. Heal the ocean. Odlin. m . -- 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. Outside experts are pitching in: A consortium of oceanographers from MIT, Stanford and other top research outfits will review the project and its environmental risks. And if it does, well make an adjustment., But he suggested the company cant respond or react to every little paper that comes out from every person.. Europe, Menlo Park, China), Where the person is located (e.g. Marty tells us about Running Tide's approach employing automated system. "Right now it's purely a production facility," he said of the hatchery. The government and industry work towards profit and ocean health as one goal. As a global community, we have many steps (and a few giant leaps) to go. Its going to be this constellation of solutions, mitigation efforts, and geoengineering., Admit? 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. Years ago, when my familys own fishery business was struggling, we realized we had to look outside our local community to find new best practices to meet the changing demands of the market. "We're certainly not going to jump ahead of science," Odlin said. 3:02 AM EDT, Sun May 22, 2022, Meet the fisherman who could win $100M from Elon Musk. View Marty Odlin's business profile as Founder & Chief Executive Officer at Running Tide. At Running Tide, we build technologies that allow us to harness the power of the ocean to build a climate positive future. We believe that if we use the best of foundational science, first principles engineering, and the type of talent and determination that is found in Iceland and coastal communities everywhere, we can restore ocean health, and ensure an abundant future for all life on Earth. Ocean Visions also announced the formation of an independent scientific advisory board for the company on June 8. Right?. 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. 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. "We're kind of in a cage-match with it right now," he says. AKIKO FUJITA: Welcome back to Yahoo Finance Live. But when it came time to take out a boat loan, I just couldnt make the math work, Marty said. samtali vi Vsi lkir Marty Odlin, stofnandi Running Tide, starfseminni vi Carbfix, kolefnisbindingarverkefni vi Hellisheiarvirkjun. Marty Odlin's Phone Number and Email. 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. The ocean is the is like the womb for fish. Published -- CEO Marty Odlin to your collection. 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 Some varieties can grow half a meter in a day. 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. 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. appreciated. 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. Go-to place to discover events for more than 20M people globally. Its hurting our farmers. Running Tide Founder Marty Odlin, a Dartmouth graduate and engineer whose family includes generations of fishermen, is working with a team of engineers, software developers, oceanographers,. But thats just part of this. The ocean is the single largest sink of anthropogenic carbon. Odlin, whose family has been in the commercial fishing business for generations, founded the company in 2017. But Running Tides macroalgae-sinking plans have generated the most attention. 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 . -- CEO Marty Odlin with your friends. We operate the largest capacity macroalgae hatchery in North America. Using a combination of robotics, sensors and. 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. 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. The ocean is the single largest sink of anthropogenic carbon. The kelp will soak up carbon gigatons of it via photosynthesis. 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. 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. All the stuff thats free and fun is getting ruined. It's a big risk. Author discusses his debut short story collection. We fish for mackerel, we catch our fair share, and if they're feeling brave, we dive down and grab an oyster. But. Im 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. Architect Parke MacDowell 07 takes a hands-on approach. more time. This is in fact an example of us respecting and trusting scientific consensus., Some of the concerns that you raise seem to be rooted in decontextualized ideas that emerged during our open and inclusive early-stage, company-wide brainstorming events and thought experiments, where we consider without judgment the range of all possible ways to solve difficult challenges, he wrote, adding that there are many steps between potential ideas emerging from these brainstorming sessions and their implementation as a carbon removal strategy.. The business says its aquafarming operations, which include producing shellfish, can help rehabilitate marine habitats. It also promised to find ways to remove all the CO2 its operations have put in the air since it was founded. Attend, Share & Influence! 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. 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. ", Marty Odlin, CEO of Running Tide Technologies, in its workshop on Portland's waterfront. Tue Jan 17 2023 at 12:00 pm to 01:00 pm. Opportunistic species that consume biomatter and can tolerate sulfides then crowded in, including hooded shrimp and bristle worms. Running Tide is founded and the team builds a system to revolutionize ocean growing. The Potential Advantages 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 others that show real-world promise. 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. Heal the ocean. 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. For nutrients with other carbon-sucking species like phytoplankton marty odlin, running tide among other complex biogeochemical effects... 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