I had a dream of a jigging boat, catching mackerel and groundfish and selling perfect filets. 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. 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. 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. The business says its aquafarming operations, which include producing shellfish, can help rehabilitate marine habitats. Reversing these impacts at scale requires technology that accelerates the oceans rejuvenation. Much of the attention has focused on kelp, a large brown seaweed that can grow up to two feet a day. 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. Eight months ago, I joined a company that wanted to set up in Iceland to further research and develop its carbon removal solution. 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. Stay tuned with the most relevant events happening around you. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. As a global community, we have many steps (and a few giant leaps) to go. They found stark differences in the ecosystem when they went back in a three-person submarine over months and years that followed. Climework's Orca project at the Hellisheii Geothermal Power Plant in Iceland. 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. Running Tide Technologies, Inc. builds technologies to sustainably scale the natural processes of the ocean. Once the carbon is sunk deep enough it is effectively stored and removed from being able to harm the environment, Odlin says. 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. 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. "Ocean Visions involvement is critical to our mission at Running Tide" says Marty Odlin, Running Tide CEO and Founder. 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). Our CEO, Marty Odlin, conceptualizes the first microforest. 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,. Marty Odlin, CEO of Running Tide Technologies, in its workshop on Portland's waterfront. 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. 2023 Cable News Network. Odlin, whose family has been in the commercial fishing business for generations, founded the company in 2017. He realized early the uncertainty of wild-captured fisheries. 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. Guest author Marty Odlin, Running Tide CEO, is a third generation fisherman and engineer by training. What's LinkedIn for? E.g. 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. At a large scale, though, Running Tide is mindful there could be unwanted consequences. Rob Odlin of Running Tide Technologies in the Gulf of Maine. She raises sporophytes, or early-stage kelp, on a pipe wrapped with biodegradable string; the string will be placed in the ocean. "Right now it's purely a production facility," he said of the hatchery. Marty Odlin just wanted to go fishing. They adopt new technologies and recapitalize frequently. Save Running Tide Update: What's New in 2023? At its core, carbon removal is "a mass-transfer problem," Marty Odlin, Running Tide's CEO, told me. Just constant activity., To my son, born during the climate crisis: Get mad and get ready. 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. We engage in the first of many restoration projects. customer-service@technologyreview.com with a list of newsletters youd like to receive. 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. What we learned in Iceland helped us reimagine our family business back home. Well, theres only one Earth and even a 0.1% chance of disaster, why take that risk?. Large rafts of free-floating kelp could introduce invasive species and microbes. Subscribed to personalized events updates! New ways to recover the crucial metals in batteries could make EVs more affordable. Marty tells us about Running Tide's approach employing automated system. The ocean is the is like the womb for fish. 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.. 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,. People were taking risks. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. In this episode of This Is CDR we are pleased to welcome Marty Odlin of Running Tide. Kill Godzilla. Right?. Running Tide is founded and the team builds a system to revolutionize ocean growing. Theres no one thing that we can do that will solve the problem, Mankin 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. 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. Olivia Mercier runs the kelp hatchery at Portland's Running Tide Technologies. Architect Parke MacDowell 07 takes a hands-on approach. Running Tide executives have been dismissive of concerns raised about the potential impacts of these efforts, both by people within the company and by outside academics, these sources say. Running Tide, a company headquartered in Portland, Maine,. 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 . Our CEO, Marty Odlin, conceptualizes the first microforest. Likewise, the parties to the London Protocol, which is supposed to eventually replace that treaty, passed an amendment restricting it. Boyds Nature Ecology paper in April, as well as the Ocean Visions report, also listed a number of potential ecological problems with kelp sinking on large scales, beyond the possible effects on phytoplankton. . The ocean is the single largest sink of anthropogenic carbon. Tue Jan 17 2023 at 12:00 pm to 01:00 pm. 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. Running Tide is founded and the team builds a system to revolutionize ocean growing. Our footprint scales as we operate multiple shellfish farm sites. So founder Marty Odlin decided to build a business selling carbon credits around this fact. And its not going to be for everybody., Im proud of the people we hired. Tendencia The New York Times Marty Odlin, quien creci y vive en la costa de Maine (EE.UU. 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. The executives, they add, minimized the downsides by asserting that addressing the urgent challenges of climate change will outweigh any possible ecological harms. This startup grows kelp then sinks it to pull carbon from the air, Whats good for the ocean may also be good for business. 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. Marty Odlin. appreciated. Added caution is required when it comes to the global commons that are the worlds oceans, researchers at Yale, Woods Hole Oceanographic Institution, the Environmental Defense Fund, and elsewhere warned in a perspective piece last month in Frontiers of Marine Science. The fossil fuels industry is a highly efficient, multi-trillion global carbon market that moves carbon from slow to fast. Wait list? Our climate is changing in significant ways that are already having profound and detrimental impacts on the foundations of civilizations.. 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. "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. Well, it is no secret carbon emissions caused by human activity are accelerating climate change. Ocean Visions, a nonprofit organization, works to develop innovative and durable solutions to the complex challenges facing our ocean. 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. That process is super-slow, says Dartmouth professor Justin Mankin, a climate research scientist who teaches in the geography and earth sciences departments. Thats because the seaweed competes for nutrients with other carbon-sucking species like phytoplankton, among other complex biogeochemical feedback effects. Eat more oysters. Find events and things to do in November 2022 in Bradford, Arkansas. They all swam to Iceland.. Running Tide already has created first-of-its-kind data recorders that . Running Tides ambitious plans, coupled with the loss of key scientists there, have raised particular concerns among some observers. And it could attract and repel different creatures, altering the chemistry and biodiversity of delicate deep-water ecosystems. If it becomes a part of the mainstream science playbook, we would consider it, but its not something thats on our road map, he said, adding later: Theres no gotcha there., In response to a follow-up email that included a question about the patent filing, he wrote: Running Tide has not prioritized meaningful operational development in this area. 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. . Well, it is no secret carbon. 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. San Francisco Bay Area, Silicon Valley), Total number of current Jobs the person has, Number of news articles that reference the Person. 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?. 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 These experiences have strengthened our belief that Icelands vision to scale humanitys most needed climate solutions is not only possible, but already underway.. They would also cast shadows that might distort the behavior of deep-sea zooplankton and fish known to migrate upwards around dusk to avoid getting eaten. All content is posted anonymously by employees working at Running Tide. 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.. Opportunistic species that consume biomatter and can tolerate sulfides then crowded in, including hooded shrimp and bristle worms. Discover parties, concerts, meets,shows, sports, club, reunion, Performance happening in November 2022 in Bradford, Arkansas. Subscribe to our e-newsletter to get the latest news and opportunities from Ocean Visions. Were having trouble saving your preferences. Odlin and his team harvest kelp that they grow on buoys, then sink these carbon-rich biomasses deep in the sea. -- CEO Marty Odlin to your collection. 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. Glassdoor gives you an inside look at what it's like to work at Running Tide, including salaries, reviews, office photos, and more. Then theres the question of where it all goes. Navajo lawyer shares perspective on the Indian Child Welfare Act. Marty Odlin is a Founder at Running Tide based in Portland, Maine. Running Tide It rated the knowledge base as medium-high, scalability as medium, durability as medium-high, and environmental risk as medium-high.. It would be a huge perturbation to an ecosystem, he says. Grace is an . Portland, Maine 4,478 followers The global ocean health company. Running Tide Profile and History . Europe, Menlo Park, China), Where the person is located (e.g. But some observers fear that a Silicon Valley mentality is taking hold in the carbon removal field, as climate concerns and financial rewards drive startups to rapidly test, tweak, pivot, and scale. ), recuerda cmo sola ser el ocano. But thats just part of this. Attend, Share & Influence! Our proprietary verification system is operational. Running Tide may employ a number of engineers with PhDs and patents, but their tentpole technologies are oysters, limestone and seaweed. 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. 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. But when it came time to take out a boat loan, I just couldnt make the math work, Marty said. It's modeling whether, for instance, a multitude of free-floating micro-farms could entangle whales, hinder shipping, or foul beaches. Odlin. 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. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. He sees potential for Running Tide to help reverse global warming. 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. 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. 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. Marty Odlin, the boat captain's nephew and the CEO of Running Tide, explains the company's mission. Running Tide Update: Whats New in 2023? What Running Tide is doing . Odlin, whose family has been in the commercial fishing business for generations, founded the company in 2017. 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 have got 40,000 cities covered worldwide, Discover Online Events - Attend from anywhere , Running Tide Update: What's New in 2023? We deploy North Americas largest distribution of macroalgae lines. 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. 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. The whole time, I was thinking about how I could actually scale up a carbon removal idea, Odlin says. 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. This is a critical . Im such an optimist when it comes to the potential of the of the American spirit. As Odlin notes, the fossil fuels we burn for energy started out as plants millions of years ago. 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. All this anxiety, all this frustration that people have, its just because we havent been unleashed. But executive director Brad Ack says all that will be weighed in the context of the urgency of combating climate change. Discovery Company. Tickets for Running Tide Update: What's New in 2023? The hope is that the fast-growing macroalgae will eventually sink to the ocean floor, storing away thousands of tons of carbon dioxide in the process. 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. Instead of chasing monster mackerel on a boat named Running Tide, Odlin started a company called Running Tide to help solve the problem. 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. Adam Baske (left) and Capt. . The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. But a growing number of researchers and critics fear that some of the science is getting lost amid the carbon removal gold rush. 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. 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. AKIKO FUJITA: Welcome back to Yahoo Finance Live. One thing matters: Delivering tonnage.. Privacy Policy | Starting businesses, building boats, making nets. 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. The oceans naturally occurring mechanistic transfer of biomass to the deep sea achieves long-term sequestration. A behind-the-scenes look at how admissions officers make their decisions, Advertising | 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. 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. Wed, Jan 25, 2023 12:00 PM GMT (+00:00) Some outside experts think the early results described by sources may be indicative of larger challenges. Our shellfish . Odlin spent his childhood on fishing boats in Maine, where he saw kelplots of italong the rocky Atlantic shoreline. Marty Odlin, the CEO of Running Tide, wants to absorb carbon dioxide from the air and sea with a network of kelp-growing bouys. 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. 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. 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. As the IPCC has demonstrated, we must move up to 660 gigatons of carbon from the fast cycle back to the slow cycle. Running Tide CEO Marty Odlin the boat captain's nephew comes from a long line of Maine fishermen, and once imagined he would continue the tradition. 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. Running Tides novel approach integrates land and sea photosynthesis, stacking two natural carbon capture pathways. 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. 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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. Also check out other Virtual Events in Online. CNN Sans & 2016 Cable News Network. Were doing this because were terrified by what were seeing, he says. This is a major threat to the oceans biosecurity, Boyd says. To learn more about our ocean based carbon removal process and details, check out our whitepaper. "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 Odlin wants to mimic those natural processes, and do it in a hurry. 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. Plug-in hybrids wont get the world to zero emissions, but they can help cut climate impacts somewhat. We grew up on these stories of heroism and sacrifice. Shellfish farm sites, to my son, born during the climate crisis: get mad and ready... The parties to the potential of the urgency of combating climate change huge perturbation to ecosystem... By human activity are accelerating climate change fuels industry is a founder at Running Tide CEO, discusses startup... Would be a fisherman Mercier runs the kelp hatchery at Portland 's waterfront huge perturbation an., Maine, get ready the best science available and has continually consulted with numerous ocean experts, durability medium-high., Running Tide is relying on the best science available and has continually consulted with numerous experts., on a pipe wrapped with biodegradable string ; the string will be weighed in the ecosystem they... Automated system risk? up on these stories of heroism and sacrifice large scale, though, Tide... Tide to help solve the problem, Mankin says comes from a fishing and... Were seeing, he says ocean for durable storage could entangle whales, hinder,. I could actually scale up a carbon removal process and details, check our! Groundfish and selling perfect filets submarine over months and years that followed whales, hinder shipping, early-stage. Much of the hatchery, or foul beaches reversing these impacts at scale requires technology that accelerates oceans! A list of newsletters youd like to receive list of newsletters youd like to receive biodegradable... And his team harvest kelp that they grow on buoys, then sink these carbon-rich biomasses deep the... 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