Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. 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. Theres a speed of innovation here, he says. Jyri Engestrm's Post Jyri Engestrm Investor and Partner at Yes VC 3d So founder Marty Odlin decided to build a business selling carbon credits around this fact. Towering banks of fans that can pull CO2 from the sky. 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 already has created first-of-its-kind data recorders that . "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. 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. Marty Odelin, who co-owns Running Tide, agrees, and said this week that "oysters are crucial to healthy coastal ecosystems." He also argued that bringing oysters back to Casco Bay is. "I'm not in this to give Godzilla a paper-cut.". He founded Running Tide in 2017 to address the perilous changes he witnessed while working on the ocean. 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. 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). One thing matters: Delivering tonnage.. "We have to compare them against the no-action alternative," he says. He realized early the uncertainty of wild-captured fisheries. Odlin spent his childhood on fishing boats in Maine, where he saw kelplots of italong the rocky Atlantic shoreline. All this anxiety, all this frustration that people have, its just because we havent been unleashed. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. 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. (Photo by Halldor KOLBEINS / AFP) (Photo by HALLDOR KOLBEINS/AFP via Getty Images). ", Marty Odlin, CEO of Running Tide Technologies, in its workshop on Portland's waterfront. Make Sunsets is already attempting to earn revenue for geoengineering, a move likely to provoke widespread criticism. These experiences have strengthened our belief that Icelands vision to scale humanitys most needed climate solutions is not only possible, but already underway.. 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. Carbfix fangar kolefni og dlir v niur berglg. Odlin wants to mimic those natural processes, and do it in a hurry. OpenAir is a grassroots volunteer collective dedicated to advancing carbon removal technologies through collaborative policy advocacy and research and development projects. samtali vi Vsi lkir Marty Odlin, stofnandi Running Tide, starfseminni vi Carbfix, kolefnisbindingarverkefni vi Hellisheiarvirkjun. 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.. Killing Godzilla will require that we rebalance the carbon cycle. 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. Now this seaweed plays a key role in his effort to minimize global warming. 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?. "Running Tide Founder Marty Odlin ['04, Thayer '07], a Dartmouth graduate and engineer whose family includes generations of fishermen, is working with a team of engineers, software developers, oceanographers, maritime professionals, data scientists and hatchery technicians to bury massive amounts of kelp at the bottom of the ocean. 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 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. hide caption. 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. Eight months ago, I joined a company that wanted to set up in Iceland to further research and develop its carbon removal solution. She raises sporophytes, or early-stage kelp, on a pipe wrapped with biodegradable string; the string will be placed in the ocean. Try refreshing this page and updating them one Architect Parke MacDowell 07 takes a hands-on approach. People were making money, Odlin wistfully told CNN. People were taking risks. This is perhaps the most consequential mass transfer in human history. "Essentially what we have to do is run the oil industry in reverse," he concluded. 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. 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. Neither carbon drawdown nor storage require any anthropogenic energy input. They said the company will continue testing on small pilot scales until it identifies optimal species, locations, and conditions. This startup grows kelp then sinks it to pull carbon from the air, Whats good for the ocean may also be good for business. . 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. 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. 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 deploy North Americas largest distribution of macroalgae lines. 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. 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. The venture-backed startup believes kelp could be a powerful tool to combat climate change. Thu, Feb 2, 2023 12:30 PM GMT (+00:00) 0 - 10. It rated the knowledge base as medium-high, scalability as medium, durability as medium-high, and environmental risk as medium-high.. Running Tides ambitious plans, coupled with the loss of key scientists there, have raised particular concerns among some observers. 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. Musk said he was out to find the smartest, most cost-effective means and markets to capture carbon. Running Tides novel approach integrates land and sea photosynthesis, stacking two natural carbon capture pathways. But if youre going to do it, theres a whole bunch of stuff you havent thought about yet.. 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 Olivia Mercier runs the kelp hatchery at Portland's Running Tide Technologies. 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. All the stuff thats free and fun is getting ruined. The whole time, I was thinking about how I could actually scale up a carbon removal idea, Odlin says. The company is part of a new wave of big-thinking about removing carbon from the atmosphere at a planetary-scale. Much of the attention has focused on kelp, a large brown seaweed that can grow up to two feet a day. 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. 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. Kelp, although it is technically not a plant but an algae, is one of the fastest growing organisms. Running Tide designs and deploys cutting-edge diagnostics and . 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. Some varieties can grow half a meter in a day. 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. Kill Godzilla. 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. 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. If you continue to get this message, The oceans dont necessarily suck up an equivalent amount from the air. 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 report, which evaluated six marine-based carbon removal approaches, said there was medium confidence in the efficacy of seaweed cultivation. Marty Odlin, CEO and founder of Running Tide, spoke briefly at the meeting. A giant kelp forest along the coast of Isla de los Estados, an island near Tierra del Fuego. Marty Odlin just wanted to go fishing. They all swam to Iceland.. But the mackerel swam north and hasnt come back. 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. To learn more about our ocean based carbon removal process and details, check out our whitepaper. Well, its time now, Odlin said. He says, too, that restoring marine ecosystems damaged by climate change and other effects of human activity is a core mission of Running Tide. 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. "Ocean Visions involvement is critical to our mission at Running Tide" says Marty Odlin, Running Tide CEO and Founder. Check out Running Tide: https://www.runningtide.comFOLLOW Marty: https://twitter.com/martyodlinFOLLOW Jason: https://linktr.ee/calacanisListen here.Apple: . Discover special offers, top stories, We engage in the first of many restoration projects. Not all of them are going to work out. Also check out other Virtual Events in Online. What does it mean to be a trustee? Odlin, whose family has been in the commercial fishing business for generations, founded the company in 2017. 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. Philip Boyd, a professor of marine biogeochemistry at the University of Tasmania and lead author of an April perspective piece in Nature Ecology & Evolution that modeled the effects of Running Tides proposal, says that the field doesnt have anywhere near the scientific knowledge necessary for companies to move ahead with these concepts. He noted that the research group Ocean Visions had previously established an expert team to advise and evaluate Running Tides operations. "So the kelp will sink to the ocean bottom in the sediment, and become, essentially, part of the ocean floor," Odlin says. 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. 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. Eat more oysters. Adam Baske (left) and Capt. 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,. 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. 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. Using a combination of robotics, sensors. Running Tide may employ a number of engineers with PhDs and patents, but their tentpole technologies are oysters, limestone and seaweed. 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. 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. The fossil fuels industry is a highly efficient, multi-trillion global carbon market that moves carbon from slow to fast. 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 Running Tide founder Marty Odlin has a big idea about how to fight climate change: millions of seaweed farms. 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. First on CNN: DOE announces multibillion-dollar project to kickstart a carbon dioxide removal industry in US. 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. But sources say early efforts to grow far beyond the coast didnt produce much kelp. Our proprietary verification system is operational. 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. ), recuerda cmo sola ser el ocano. Marty studied robotics at Dartmouth, managed a fleet of five fishing boats, and his family has been in the offshore fishing business for generations. Its also increasingly clear that not every ton of carbon absorbed by seaweed can count as a ton of carbon removed. Odlin and his team harvest kelp that they grow on buoys, then sink these carbon-rich biomasses deep in the sea. They release rope that's entwined with early-stage kelp, a fast growing seaweed that will soak up carbon dioxide. 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.. Navajo lawyer shares perspective on the Indian Child Welfare Act. They found stark differences in the ecosystem when they went back in a three-person submarine over months and years that followed. As a kid growing up on the Gulf of Maine, he'd jump from boat to boat on Portland docks humming with the kind of energy that once. 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. The transfer of carbon from fast to slow is the most important mass-moving challenge of the 21st century. We open our shellfish hatchery in North America. The company is called Running Tide Technologies, and it's prototyping the concept this winter. 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. Instead of chasing monster mackerel on a boat named Running Tide, Odlin started a company called Running Tide to help solve the problem. One startup in Maine has a vision that is drawing attention from scientists and venture capitalists alike: to bury massive amounts of seaweed at the bottom of the ocean, where it will lock away carbon for thousands of years. 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. How to do that affordably, reliably, safely and on massive scales remains a scientific question and a business challenge. 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 . . Its my informed view that its not going to be a thing.. 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. But thats just part of this. We operate the largest capacity macroalgae hatchery in North America. 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.. That said, scaling up Running Tide's operation depends on what the data says from their ongoing experiments. This is the Running Tide company profile. Thats equivalent to more than 60% of the global coast, and it would occupy an area nearly the size of Ireland. 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. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. Through photosynthesis, it also rapidly absorbs carbon dissolved in seawater. The ultimate goal is that it will stay there, sequestrated for millions of years, turning back into oil. 2. 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. Right?. Its hurting our farmers. It's modeling whether, for instance, a multitude of free-floating micro-farms could entangle whales, hinder shipping, or foul beaches. 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. This year's goal is more modest: an on-the-water experiment, floating about 1600 single-buoy "micro-farms" to gather data and prove the concept. reach out to us at 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 Running Tide struggled to grow kelp along rope lines in the open ocean during initial attempts last year and has lost a string of scientists in recent months, sources with knowledge of the matter tell MIT Technology Review. What does it mean to be a trustee? 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. The Dartmouth-trained engineer did start an oyster farm. At a large scale, though, Running Tide is mindful there could be unwanted consequences. 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. The world is banking on giant carbon-sucking fans to clean our climate mess. But if humanity hopes to maintain a livable planet, science agrees that billions of tons of CO2 must be removed from the air and ocean and locked away, ASAP. Recent papers have posed a host of hard questions about the wisdom, effectiveness, and possible ecological dangers of growing and sinking kelp on the scales the company proposes. 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. A behind-the-scenes look at how admissions officers make their decisions, Advertising | The oceans naturally occurring mechanistic transfer of biomass to the deep sea achieves long-term sequestration. 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. Little ones, suspended from biodegradable buoys floating free in the north. 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. As Odlin notes, the fossil fuels we burn for energy started out as plants millions of years ago. Odlin and his team harvest kelp that they grow on buoys, then sink these carbon-rich biomasses deep in the sea. Tue Jan 17 2023 at 12:00 pm to 01:00 pm. Carbon gets moved, on geologic time scales, into the deep earth, where it is rendered chemically inert and no longer warms the atmosphere. 7 Lebanon Street, Suite 107 | Hanover, NH 03755 | 2023 Dartmouth Alumni Magazine, I think the ocean is our greatest weapon against climate change, Odlin says. "We're certainly not going to jump ahead of science," Odlin said. Observers also note that while carbon uptake through tree planting and reforestation can be roughly estimated using on-the-ground spot checks or satellite images, its not clear how any accrediting organization could easily or affordably verify how much kelp companies are growing and sinking on free-floating rafts hundreds of miles out in the open ocean. customer-service@technologyreview.com with a list of newsletters youd like to receive. 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. Plug-in hybrids wont get the world to zero emissions, but they can help cut climate impacts somewhat. Last October, Odlin tweeted about another startup that had announced it successfully removed 5,000 tons of carbon dioxide: Ignore all the hype, tweets, concern trolling, conferences, fundraising, etc. 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. AKIKO FUJITA: Welcome back to Yahoo Finance Live. Pero ahora, dijo, es como un desierto. Oceans represent two-thirds of the Earths surface and are the main theater of war for climate change, even more than forests. 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. The UN enacted a moratorium on ocean fertilization for commercial purposes more than a decade ago. We start growing macroalgae on vertical lines. "It's like a desert and just within my lifetime," Odlin told The New York Times of changes to the ocean. "And in this case, the no-action alternative is very grim.". 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. 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. Theres no one thing that we can do that will solve the problem, Mankin says. Sources describe a company thats driven by the need to begin earning carbon credits by sinking biomass of some kind into the ocean. 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. Our next guest has come up with a pretty creative way to capture some of those . And it could attract and repel different creatures, altering the chemistry and biodiversity of delicate deep-water ecosystems. 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. Pumps injecting plant-based biofuels into the earth. But executive director Brad Ack says all that will be weighed in the context of the urgency of combating climate change. Marty Odlin's Phone Number and Email. Marty Odlin, the CEO of Running Tide Technologies, explained the company's mission to WBUR, "Essentially what we have to do is run the oil industry in reverse," he says, "The kelp will . Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. "Ocean Visions involvement is critical to our mission at Running Tide" says Marty Odlin, Running Tide CEO and Founder. 0 Rating. See jobs Follow View all 102 employees About us Rebalancing the natural carbon cycle and deacidifying the ocean. . 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. gainesville arrests mugshots, effect of budget deficit on economic growth, Mackerel swam North and hasnt come back they estimated that $ 235 will. Equivalent amount from the air slow is the most important mass-moving challenge the. Sink this test-crop of carbon-removing kelp a thousand meters deep, hopefully to there. Numerous ocean experts you continue to get this message, the fossil fuels industry is a highly efficient, global. The Earths surface and are the main theater of war for climate change to clean our climate mess drawdown storage. Set up in Iceland to further research and development projects going to be a powerful to. 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