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. Our first macroalgae and shellfish are produced in Casco Bay, Maine. Running Tides ambitious plans, coupled with the loss of key scientists there, have raised particular concerns among some observers. 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. 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. Moreover, the ocean's biological carbon pump is the Earth's most powerful carbon removal technology, naturally moving >2 billion tons of carbon from the fast to the slow cycle every year. Engineer Marty Odlin 04, Th07, makes waves with kelp. If you continue to get this message, But when it came time to take out a boat loan, I just couldnt make the math work, Marty said. 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 . 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. Dec 2019 - Oct 20211 year 11 months. It's modeling whether, for instance, a multitude of free-floating micro-farms could entangle whales, hinder shipping, or foul beaches. more time. Author discusses his debut short story collection. 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. About Marty: Marty Odlin is the Founder and CEO of Running Tide, a global ocean health company. But after seeing global warming's effects on the Gulf of Maine fisheries he decided to try and reverse the damage. 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. He founded Running Tide in 2017 to address the perilous changes he witnessed while working on the ocean. They release rope that's entwined with early-stage kelp, a fast growing seaweed that will soak up carbon dioxide. 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. Our planet is broken and every path to fixing it requires restoring ocean health. Marty tells us about Running Tide's approach employing automated system. The report, which evaluated six marine-based carbon removal approaches, said there was medium confidence in the efficacy of seaweed cultivation. It's a big risk. The ocean is the single largest sink of anthropogenic carbon. We engage in the first of many restoration projects. 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.. Our CEO, Marty Odlin, conceptualizes the first microforest. 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. Toyota is betting theyll stay in the mix for a while. Using a combination of robotics, sensors. Running Tide reverses the cycle by sinking terrestrial biomass, growing kelp in the open ocean, and farming shellfish. 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. 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. Odlin and his team harvest kelp that they grow on buoys, then sink these carbon-rich biomasses deep in the sea. 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. OpenAir is a grassroots volunteer collective dedicated to advancing carbon removal technologies through collaborative policy advocacy and research and development projects. E1122: Running Tide CEO Marty Odlin is helping solve the Climate crisis by using kelp to sequester carbon in the ocean, shares insights on generational shifts in climate response & more This Week in Startups Technology Check out Running Tide: https://www.runningtide.com FOLLOW Marty: https://twitter.com/martyodlin 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. . 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. But Running Tide seems to be capturing attention and investment because of its low-tech elegance. Running Tide is founded and the team builds a system to revolutionize ocean growing. We operate the largest capacity macroalgae hatchery in North America. But sources say early efforts to grow far beyond the coast didnt produce much kelp. "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. draw down the large carbon debt weve already accumulated). 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 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. 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 First on CNN: DOE announces multibillion-dollar project to kickstart a carbon dioxide removal industry in US. Stay tuned with the most relevant events happening around you. We are scaling carbon removal globally and producing millions of shellfish. Kill Godzilla. But the mackerel swam north and hasnt come back. A proprietary system remotely monitors the microforests, quantifying kelp growth, carbon content, and sinking locations. 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. On the private sector side, Canadian e-commerce giant Shopify is among the tech companies pledging to prepurchase $1 billion worth of carbon credits from startups like Running Tide, with the hope that other corporations will follow. -- CEO Marty Odlin with your friends. hide caption. 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 have to compare them against the no-action alternative," he says. Our first macroalgae and shellfish are produced in Casco Bay, Maine. A giant kelp forest along the coast of Isla de los Estados, an island near Tierra del Fuego. Our shellfish . 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 I think its actually remarkably low.. 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. We start growing macroalgae on vertical lines. Grace is an . 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. So founder Marty Odlin decided to build a business selling carbon credits around this fact. 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. High-tech carbon-removal innovations are emerging around the world. In this episode of This Is CDR we are pleased to welcome Marty Odlin of Running Tide. 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,. At Running Tide, we build technologies that allow us to harness the power of the ocean to build a climate positive future. Running Tide's founder and CEO, Marty Odlin, comes from a long line of Maine groundfishermen. Running Tide, a company headquartered in Portland, Maine,. They add that a rigorous, open, and extended scientific process involving teams of ecologists, oceanographers, and modelers will be required to better understand the complex interplay between these forces and to assess the benefits and costs. Running Tide started as an oyster aquaculture company and has developed the process for carbon sequestration which CEO Marty Odlin started to think about in 2010. Sources describe a company thats driven by the need to begin earning carbon credits by sinking biomass of some kind into the ocean. Full Moon Retreat: with Dance Celebration! Discover parties, concerts, meets,shows, sports, club, reunion, Performance happening in November 2022 in Bradford, Arkansas. The mission of Ocean Visions is to develop innovative and durable solutions to complex challenges facing our ocean. 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. Then theres the question of where it all goes. The transfer of carbon from fast to slow is the most important mass-moving challenge of the 21st century. 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. 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. 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. Rob Odlin of Running Tide Technologies in the Gulf of Maine. Expanding the Community for Ocean Solutions. Opportunistic species that consume biomatter and can tolerate sulfides then crowded in, including hooded shrimp and bristle worms. "Right now it's purely a production facility," he said of the hatchery. 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. 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. "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. He realized early the uncertainty of wild-captured fisheries. Using a combination of robotics, sensors and. 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. Pro tennis player returns to Hanover to train with Big Green coach Bob Dallis. Now this seaweed plays a key role in his effort to minimize global warming. 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. 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. Running Tide Technologies, Inc. builds technologies to sustainably scale the natural processes of the ocean. 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. As kelp piles up on the seafloor, it could choke off dense communities of species that live within ocean sediments. 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. Eat more oysters. 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. Its a Godzilla, Odlin said. 2018. We are losing our way of life, our livelihoods, and our sense of community and continuity. Likewise, the parties to the London Protocol, which is supposed to eventually replace that treaty, passed an amendment restricting it. He added there are other potential challenges and uncertainties around some varieties that do grow in the open ocean, like sargassum. hide caption. 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,. Large rafts of free-floating kelp could introduce invasive species and microbes. Odlin thought if he could make the natural carbon reduction processes more efficient, he could achieve carbon removal on a large scale. Rob Odlin. 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. -- CEO Marty Odlin can be booked here. Video Transcript AKIKO FUJITA: Welcome back to Yahoo Finance Live. 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. Now they have billionaire investors . AKIKO FUJITA: Welcome back to Yahoo Finance Live. Marty Odlin is a Founder at Running Tide based in Portland, Maine. We deploy North Americas largest distribution of macroalgae lines. 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. Marty Odlin, the CEO of Running Tide, wants to absorb carbon dioxide from the air and sea with a network of kelp-growing bouys. Share Running Tide Update: What's New in 2023? 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. 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. The company is called Running Tide Technologies, and it's prototyping the concept this winter. People were taking risks. If I had an hour to solve a problem I'd spend 55 minutes thinking about the problem and five minutes thinking about solutions. Albert Einstein., The discipline of engineering requires carefully constructed problem statements before solutions are considered., Our climate is an incredibly complex system, and is the function of interactions between many complex sub-systems. When we tell people what 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. It rated the knowledge base as medium-high, scalability as medium, durability as medium-high, and environmental risk as medium-high.. Running Tide scientists amplify the process by growing the seaweed on wood buoys layered with. All content is posted anonymously by employees working at Running Tide. 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. See jobs Follow View all 102 employees About us Rebalancing the natural carbon cycle and deacidifying the ocean. This is hard work. Starting businesses, building boats, making nets. Not just because the water is so warm that they are finding more and more Caribbean trigger fish in lobster traps, but because every ton of fossil fuel burned also makes the sea more acidic. "They're not relying on expensive equipment, or energy-intensive processes," she says. Ocean Visions also announced the formation of an independent scientific advisory board for the company on June 8. Also, crucially, it floats, so added measures or mechanisms may be needed to ensure that most of it reaches the bottom of the ocean. It mostly grows along coastlines, attaching itself to the rocky seafloor and taking up nutrients from the relatively cool, shallow waters. Wait list? 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.. 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. -- CEO Marty Odlin with your friends. Save Running Tide Update: What's New in 2023? The authors called for the scientific field to adopt a code of conduct to guide work in marine-based carbon removal, stressing the lack of regulations, the unknowns in the space, and the potential for even just research to effect tragic or unexpected outcomes.. Video transcript. Contact. 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. The company is part of a new wave of big-thinking about removing carbon from the atmosphere at a planetary-scale. ", Marty Odlin, CEO of Running Tide Technologies, in its workshop on Portland's waterfront. 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. Running Tide Profile and History . But executive director Brad Ack says all that will be weighed in the context of the urgency of combating climate change. Some varieties can grow half a meter in a day. Running Tide Fred Bever/Maine Public Oceanographers say that sinking significant amounts of wood could dramatically alter deep-water ecosystems. "So the kelp will sink to the ocean bottom in the sediment, and become, essentially, part of the ocean floor," Odlin says. Towering banks of fans that can pull CO2 from the sky. Marty studied robotics at Dartmouth, managed a fleet of five fishing boats, and his family has been in the offshore fishing business for generations. 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. Time Lapse Yoga Challenge Every 1st & 3rd Saturday at 8am est only, Vive Chihuahua Fest 2023 - National Western Complex - Denver, CO, Campfire Music Festival - Ahmedabad | Music, Bonfire, Barbeque and Memories for life, Open Bar for Business Owners with W2 Employees, Business Opportunity Successpreneur's Show - Hyderabad, Oo Antava Ohio Antava - where Tollywood meets Bollywood DJ night, Run The Mile For More Smiles Nottingham Charity Run 2023, International Career Week: Michelle Ostbye and Marissa Pierce, International Career Week: Topher Mongeon, International Career Week: General Wesley Clark, International Career Week: Ambassador Lisa Kubiske, International Career Week: Sarah Howerton and Eamon Fahey, LIVESTREAM Taxes in Canada for Entrepreneurs, Investors, Expats and Nomads, Successful Preparation for Head Start FA1 and FA2 Monitoring Review Events. Its also increasingly clear that not every ton of carbon absorbed by seaweed can count as a ton of carbon removed. They adopt new technologies and recapitalize frequently. 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. 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. Neither carbon drawdown nor storage require any anthropogenic energy input. 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. Find contact's direct phone number, email address, work history, and more. "It's like a desert and just within my lifetime," Odlin told The New York Times of changes to the ocean. (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.). We have got 40,000 cities covered worldwide, Discover Online Events - Attend from anywhere , Running Tide Update: What's New in 2023? -- 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. 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. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. 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. (Photo courtesy Running Tide). 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?. 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. To learn more about our ocean based carbon removal process and details, check out our whitepaper. A proprietary system remotely monitors the microforests, quantifying kelp growth, carbon content, and sinking locations. 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. Portland, Maine Area. We build IoT sensors and advanced automation systems. 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. Pumps injecting plant-based biofuels into the earth. Nnar um Running Tide: 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. 11/27/2022 3:47 AM. But biodiversity decreased significantly as the water chemistry became toxic for other species because of the bacterial activity, says Craig Smith, a coauthor of the subsequent paper and a professor of oceanography at the university, who had no knowledge of Running Tides internal discussions or plans. 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.. 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. More research is also required to know how much carbon stays sequestered, for how long, in varying locations and conditions, even when kelp does reach the bottom, she says. Seaweed is a ravenous consumer of carbon dioxide, and scientists have been eyeing it as one potential solution to the climate crisis. 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. She raises sporophytes, or early-stage kelp, on a pipe wrapped with biodegradable string; the string will be placed in the ocean. Well, it is no secret carbon emissions caused by human activity are accelerating climate change. 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. Just over a year later, Running Tide and its fisherman/CEO is among the finalists. We grew up on these stories of heroism and sacrifice. And as went my dream, so go others in coastal communities. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. Our next guest has come up with a pretty creative way to capture some of those . But after seeing global warming's effects on the Gulf of Maine fisheries he decided to try and reverse the damage. 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