I think its actually remarkably low.. Running Tide reverses the cycle by sinking terrestrial biomass, growing kelp in the open ocean, and farming shellfish. View Marty Odlin's business profile as Founder & Chief Executive Officer at Running Tide. New titles from Dartmouth writers (January/February 2023). A proprietary system remotely monitors the microforests, quantifying kelp growth, carbon content, and sinking locations. 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. What's LinkedIn for? 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. Its a Godzilla, Odlin said. "So the kelp will sink to the ocean bottom in the sediment, and become, essentially, part of the ocean floor," Odlin says. 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. 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. From acidification to pollution to temperature rise, human activity has altered the oceans chemistry in ways that may not be undone even if we slash CO2 emissions from land-based sources. In addition, nations that are party to the London Convention, an international maritime treaty that regulates ocean dumping, passed a resolution limiting the practice. The Potential Advantages Running Tide and other companies hope to dramatically scale up this process by cultivating kelp or other types of algae on floats in the deep ocean. Odlin thought if he could make the natural carbon reduction processes more efficient, he could achieve carbon removal on a large scale. Seaweed is a ravenous consumer of carbon dioxide, and scientists have been eyeing it as one potential solution to the climate crisis. What's LinkedIn for? Marty studied robotics at Dartmouth, managed a fleet of five fishing boats, and his family has been in the offshore fishing business for generations. (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.). Full Moon Retreat: with Dance Celebration! Some employees were also disturbed that Running Tide was discussing more controversial practices, including adding nutrients to the ocean to stimulate macroalgae growth. 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. 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). Well, it is no secret carbon emissions caused by human activity are accelerating climate change. Sources describe a company thats driven by the need to begin earning carbon credits by sinking biomass of some kind into the ocean. Marty Odlin, the founder and CEO of Running Tide, said of the announcement, "We are immensely pleased that Ocean Visions will be convening this distinguished Scientific Board. 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. 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. "We're just fishing for carbon now, and kelp's the net," he says. Odlin. 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. Attend, Share & Influence! 0 Rating. And for us, Iceland was that place. (Fred Bever/Maine Public) Running Tide Technologies, Inc. builds technologies to sustainably scale the natural processes of the ocean. Heal the ocean. Published For starters, reaching a big enough scale to significantly affect the climate will require dedicating a vast amount of ocean to seaweed farming. Lets say you think its 99.9% likely that adding all the CO2 to the oceans and atmosphere is going to be fine, so theres a 0.1% chance of disaster, Musk said while livestreaming his XPRIZE announcement on YouTube from an undisclosed jungle. Together theyre trying to hook a kind of monster carbon dioxide. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. We should get mad and go kill that thing. We conduct multiple research deployments into international waters. Our proprietary verification system is operational. Running Tide Update: Whats New in 2023? There just arent any mackerel. -- CEO Marty Odlin with your friends. 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. 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. Odlin and his team harvest kelp that they grow on buoys, then sink these carbon-rich biomasses deep in the sea. hide caption. Share Running Tide Update: What's New in 2023? 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. Our CEO, Marty Odlin, conceptualizes the first microforest. Were not saying dont do it. Navajo lawyer shares perspective on the Indian Child Welfare Act. 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. "We're kind of in a cage-match with it right now," he says. One thing matters: Delivering tonnage.. The climate risks were so high. 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. draw down the large carbon debt weve already accumulated). AKIKO FUJITA: Welcome back to Yahoo Finance Live. Fans in front of the collector draw in ambient air and release it, largely purified of CO2, through ventilators at the back. Your effort and contribution in providing this feedback is much Did you encounter any technical issues? 2022 Ocean Visions, Inc. All Rights Reserved. Though it has not been officially enacted, most nations have abided by the regulations to date. 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. Not all of them are going to work out. It's modeling whether, for instance, a multitude of free-floating micro-farms could entangle whales, hinder shipping, or foul beaches. Theres a long road ahead for commercial efforts: heres what comes next. 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. But a growing number of researchers and critics fear that some of the science is getting lost amid the carbon removal gold rush. Check out Running Tide: https://www.runningtide.comFOLLOW Marty: https://twitter.com/martyodlinFOLLOW Jason: https://linktr.ee/calacanisListen here.Apple: . 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. Running Tides novel approach integrates land and sea photosynthesis, stacking two natural carbon capture pathways. Jack is first name and Mandanka is last name. Interest in seaweed as a tool for carbon dioxide removal has surged in recent years as studies have found that the world may need to pull down massive amounts of the greenhouse gas, and that various types of macroalgae may naturally store away nearly 200 million tons of carbon a year already. Follow: @martyodlin Kill Godzilla. 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 . 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. 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. Marty Odlin - CEO and Founder @ Running Tide - Crunchbase Person Profile Person Marty Odlin Overview Number of Founded Organizations 1 CB Rank (Person) 20,470 Primary Job Title CEO and Founder Primary Organization Running Tide Location South Portland, Maine, United States Regions East Coast, New England, Northeastern US Gender Male The team, which included scientists from the Woods Hole Oceanographic Institution and the Monterey Bay Aquarium Research Institute, issued a report in 2021 that highlighted a number of potential environmental effects from various scales of seaweed sinking and provided guidance on future research efforts. (Photo by Halldor KOLBEINS / AFP) (Photo by HALLDOR KOLBEINS/AFP via Getty Images). Running Tide's Marty Odlin said 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 . The government and industry work towards profit and ocean health as one goal. hide caption. It mostly grows along coastlines, attaching itself to the rocky seafloor and taking up nutrients from the relatively cool, shallow waters. Rob Odlin of Running Tide Technologies in the Gulf of Maine. Jyri Engestrm's Post Jyri Engestrm Investor and Partner at Yes VC 3d We build IoT sensors and advanced automation systems. This startup grows kelp then sinks it to pull carbon from the air, Whats good for the ocean may also be good for business. Our first macroalgae and shellfish are produced in Casco Bay, Maine. Marty Odlin, CEO and founder of Running Tide, spoke briefly at the meeting. How to do that affordably, reliably, safely and on massive scales remains a scientific question and a business challenge. 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. These experiences have strengthened our belief that Icelands vision to scale humanitys most needed climate solutions is not only possible, but already underway.. 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. In this episode of This Is CDR we are pleased to welcome Marty Odlin of Running Tide. 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. The ocean is the is like the womb for fish. -- CEO Marty Odlin with your friends. People were taking risks. With the shape of a small robot, a buoys solar panels would power a cloud-connected camera and instruments to monitor kelp growth and water chemistry, a data feed vital for future carbon markets. 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. 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. 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. Marty Odlin is the Founder and CEO of Running Tide, a leading global decarbonization and carbon removal platform. What are we waiting for? That said, scaling up Running Tide's operation depends on what the data says from their ongoing experiments. 11/27/2022 3:47 AM. We are scaling carbon removal globally and producing millions of shellfish. The venture-backed startup believes kelp could be a powerful tool to combat climate change. I dont think the data shows a remarkable turnover rate, I really dont, Odlin adds. Thu, Feb 2, 2023 12:30 PM GMT (+00:00) 0 - 10. 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. Subscribed to personalized events updates! 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. 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. Marty Odlin, the boat captain's nephew and the CEO of Running Tide, explains the company's mission. Odlin, whose family has been in the commercial fishing business for generations, founded the company in 2017. 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. What Running Tide is doing . As Odlin notes, the fossil fuels we burn for energy started out as plants millions of years ago. Some varieties can grow half a meter in a day. Dec 2019 - Oct 20211 year 11 months. 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. Marty Odlin re-joins This Is CDR to update us on what's new with Running Tide, and what we can expect to see from the company in 2023. 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. Odlin spent his childhood on fishing boats in Maine, where he saw kelplots of italong the rocky Atlantic shoreline. And as went my dream, so go others in coastal communities. Time -- CEO Marty Odlin to your collection. 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. Video Transcript AKIKO FUJITA: Welcome back to Yahoo Finance Live. 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. 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.. The Department of Energy recently announced a $3.5 billion program to accelerate the development of four direct air capture facilities around the United States factory-sized vacuum cleaners, each capable of capturing one million tons of CO2 per year. 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. -- 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. "Collaborations between academia and our team will expedite our goal of removing carbon dioxide on the gigaton scale in the coming years." PRWeb Press Release. "We're certainly not going to jump ahead of science," Odlin said. I had the opportunity to visit the country with my Dad and witness firsthand their world leadership in fishery innovation, resilience, and management of natural resources. "It's very simple, and the economies of scale associated with that make Running Tide's solution have huge potential. Kelp is weirdly great at sucking carbon out of the sky, Whats good for the ocean may also be good for business, Maine startup aims to pull carbon out of the atmosphere by growing and then sinking kelp farms. At Running Tide, our bet is on the ocean. This also prompted internal concerns over the potential ecological effects. CNN Sans & 2016 Cable News Network. A paper he coauthored last year in Nature Communications, using the massive sargassum seaweed bloom in the Atlantic in recent years as a model, concluded that seaweed farming in the ocean could even become a source of increased carbon dioxide. Several seaweed experts and marine biogeochemists stressed in interviews that Running Tides interventions could harm highly complex, interconnected, and delicate ecosystems. As kelp piles up on the seafloor, it could choke off dense communities of species that live within ocean sediments. San Francisco Bay Area, Silicon Valley), Total number of current Jobs the person has, Number of news articles that reference the Person. Kill Godzilla. Running Tide Profile and History . 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. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. At Running Tide, we build technologies that allow us to harness the power of the ocean to build a climate positive future. Towering banks of fans that can pull CO2 from the sky. 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. Chicago Cubs player is lauded for local volunteer work. We just have to be unleashed.. The business says its aquafarming operations, which include producing shellfish, can help rehabilitate marine habitats. Overfishing wiped out the abundance of cod in the 1980s and 90s, until catch limits were eventually reduced by 95%. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. Oceanographers say that sinking significant amounts of wood could dramatically alter deep-water ecosystems. He envisions an armada heading hundreds of miles offshore each fall, to deploy millions of free-floating cellulose buoys, each tethered to a kelp-bearing rope. "It's like a desert and just within my lifetime," Odlin told The New York Times of changes to the ocean. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. Carbon capture and sequestration, or CCS, is hardly the term that rolls off the tongue at dinner parties even in the age of increasing unnatural disasters. 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. "Essentially what we have to do is run the oil industry in reverse," he says. 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. 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. 2018. E.g. 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