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That is the work of carbon removal., To do this, we must look to the natural world and learn from how it already naturally moves carbon from the fast cycle to the slow. Marty Odlin is the Founder and CEO of Running Tide, a leading global decarbonization and carbon removal platform. "So the kelp will sink to the ocean bottom in the sediment, and become, essentially, part of the ocean floor," Odlin says. 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. 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. 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. Our first macroalgae and shellfish are produced in Casco Bay, Maine. Running Tide founder Marty Odlin has a big idea about how to fight climate change: millions of seaweed farms. 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. 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. Running Tide may employ a number of engineers with PhDs and patents, but their tentpole technologies are oysters, limestone and seaweed. But. People were taking risks. 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.. OpenAir is a grassroots volunteer collective dedicated to advancing carbon removal technologies through collaborative policy advocacy and research and development projects. Also check out other Virtual Events in Online. m . 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 . A behind-the-scenes look at how admissions officers make their decisions, Advertising | Sources describe a company thats driven by the need to begin earning carbon credits by sinking biomass of some kind into the ocean. (Photo by Halldor KOLBEINS / AFP) (Photo by HALLDOR KOLBEINS/AFP via Getty Images). We start growing macroalgae on vertical lines. Marty Odlin is Founder and CEO of Running Tide, a Maine-based company seeking to harness, accelerate, and scale the most impactful restorative processes naturally at work in the ocean to build a climate positive future. The carbon cycle can be divided into two systems: A more complete Problem Statement: The carbon cycle is out of balance and pulling the climate out of the goldilocks zone, Burning Fossil Fuels = > Unbalanced Global Carbon Cycle = > Warmer Planet/Acidified Ocean/Ecosystem Loss => Pulling climate out of the goldilocks zone = > Bad, By burning fossil fuels organic material that had been compressed by geology into the slow carbon cycle over millions of years human beings have moved more than 1.5 trillion tons of carbon from the slow carbon cycle to the fast carbon cycle. "We're certainly not going to jump ahead of science," Odlin said. Email. The Dartmouth-trained engineer did start an oyster farm. 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 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. New ways to recover the crucial metals in batteries could make EVs more affordable. San Francisco Bay Area, Silicon Valley), Total number of current Jobs the person has, Number of news articles that reference the Person. Running Tide scientists amplify the process by growing the seaweed on wood buoys layered with. Well, theres only one Earth and even a 0.1% chance of disaster, why take that risk?. And for us, Iceland was that place. "I'm not in this to give Godzilla a paper-cut.". 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. There just arent any mackerel. Fans in front of the collector draw in ambient air and release it, largely purified of CO2, through ventilators at the back. We deploy North Americas largest distribution of macroalgae lines. Our shellfish . Our macroalgae passes carbon removal targets for the first time. Video Transcript AKIKO FUJITA: Welcome back to Yahoo Finance Live. All this anxiety, all this frustration that people have, its just because we havent been unleashed. 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 . customer-service@technologyreview.com with a list of newsletters youd like to receive. -- CEO Marty Odlin with your friends. 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 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 Using a combination of robotics, sensors and. Theres no one thing that we can do that will solve the problem, Mankin says. 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. And it could attract and repel different creatures, altering the chemistry and biodiversity of delicate deep-water ecosystems. (Fred Bever/Maine Public) 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. 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. All their eggs are external, and those booms come when the chemistry of the ocean is just right for that species, he said. 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. A proprietary system remotely monitors the microforests, quantifying kelp growth, carbon content, and sinking locations. What does it mean to be a trustee? Little ones, suspended from biodegradable buoys floating free in the north. The government and industry work towards profit and ocean health as one goal. 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. Some employees were also disturbed that Running Tide was discussing more controversial practices, including adding nutrients to the ocean to stimulate macroalgae growth. 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. For starters, reaching a big enough scale to significantly affect the climate will require dedicating a vast amount of ocean to seaweed farming. -- CEO Marty Odlin with your friends. 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. 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. Architect Parke MacDowell 07 takes a hands-on approach. At its core, carbon removal is "a mass-transfer problem," Marty Odlin, Running Tide's CEO, told me. Marty Odlin, CEO of Running Tide Technologies, in its workshop on Portland's waterfront. They consider their workers in every minute detail of their operations. At the heart of the project lies kelp, a variety of large, brown seaweed recognized for its ability to rapidly absorb carbon dioxide, the heat . Odlin spent his childhood on fishing boats in Maine, where he saw kelplots of italong the rocky Atlantic shoreline. We just have to be unleashed.. 2019. Marty Odlin just wanted to go fishing. Marty Odlin, the boat captain's nephew and the CEO of Running Tide, explains the company's mission. And on Earth Day 2021, Tesla CEO Elon Musk announced his $100 million XPRIZE for carbon removal. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. Marty Odlin. Then theres the question of where it all goes. Save Running Tide Update: What's New in 2023? We engage in the first of many restoration projects. Thats because the seaweed competes for nutrients with other carbon-sucking species like phytoplankton, among other complex biogeochemical feedback effects. Share Running Tide Update: What's New in 2023? Privacy Policy | 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. She raises sporophytes, or early-stage kelp, on a pipe wrapped with biodegradable string; the string will be placed in the ocean. Marty Odlin, the boat captain's nephew and the CEO of Running Tide, explains the company's mission. The ultimate goal is that it will stay there, sequestrated for millions of years, turning back into oil. We open our shellfish hatchery in North America. Adam Baske (left) and Capt. Marty Odlin, CEO of Running Tide Technologies, in its workshop on Portland's waterfront. This is the Running Tide company profile. He says, too, that restoring marine ecosystems damaged by climate change and other effects of human activity is a core mission of Running Tide. 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. We have got 40,000 cities covered worldwide, Discover Online Events - Attend from anywhere , Running Tide Update: What's New in 2023? The kelp will soak up carbon gigatons of it via photosynthesis. We are continuing to invest significant time and resources into agronomy, and still firmly believe that macroalgae can play an important role in durably removing carbon at climatically relevant scales, he wrote. 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. About Marty: Marty Odlin is the Founder and CEO of Running Tide, a global ocean health company. The venture-backed startup believes kelp could be a powerful tool to combat climate change. Our CEO, Marty Odlin, conceptualizes the first microforest. 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. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. "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. The Potential Advantages Now this seaweed plays a key role in his effort to minimize global warming. We are scaling carbon removal globally and producing millions of shellfish. The whole time, I was thinking about how I could actually scale up a carbon removal idea, Odlin says. 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. We are losing our way of life, our livelihoods, and our sense of community and continuity. Running Tide is pursuing a lucrative though loosely regulated market: selling so-called carbon offsets to corporations. Opportunistic species that consume biomatter and can tolerate sulfides then crowded in, including hooded shrimp and bristle worms. 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. 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. About RunningTide: Founded by Marty Odlin, an engineer and 4th generation commercial fisherman, and proudly headquartered in Portland, Maine, Running Tide designs and builds technology that amplifies the natural power of the ocean to durably remove carbon, reverse ocean acidification, and restore coastal ecosystems. Microsoft last year committed a billion dollars to kick-start research and development in the emerging field of carbon-removal tech. 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. So founder Marty Odlin decided to build a business selling carbon credits around this fact. Rob Odlin of Running Tide Technologies in the Gulf of Maine. reach out to us at Running Tide Technologies, Inc. builds technologies to sustainably scale the natural processes of the ocean. Marty Odin is the CEO and founder of Running Tide. Its devastating our crops. 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. Heal the ocean. 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. The executives, they add, minimized the downsides by asserting that addressing the urgent challenges of climate change will outweigh any possible ecological harms. 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. Running Tides patent filing describes one method in which a rope line could be co-winded, coiled, and/or intertwined with iron or an iron-containing thread, filament, or string to provide a source of iron (Fe) nutrient to the target product.. appreciated. To learn more about our ocean based carbon removal process and details, check out our whitepaper. What are we waiting for? All content is posted anonymously by employees working at Running Tide. "We have to compare them against the no-action alternative," he says. Find events and things to do in November 2022 in Bradford, Arkansas. He noted that the research group Ocean Visions had previously established an expert team to advise and evaluate Running Tides operations. Some varieties can grow half a meter in a day. Killing Godzilla will require that we rebalance the carbon cycle. Founded by Marty Odlin, an engineer and 4th generation commercial fisherman, and proudly headquartered in Portland, Maine, Running Tide designs and builds technology that amplifies the natural power of the ocean to durably remove carbon, reverse ocean acidification, and restore coastal ecosystems. 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. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. 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. 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. Tendencia The New York Times Marty Odlin, quien creci y vive en la costa de Maine (EE.UU. upcoming events, and more. Wed, Jan 25, 2023 12:00 PM GMT (+00:00) (Photo courtesy Running Tide). Learn how we spent the fund's first $5 million on the most promising and innovative solutions fighting climate changeand the visionary entrepreneurs behind them. 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. Marty tells us about Running Tide's approach employing automated system. I think its actually remarkably low.. But thats just part of this. Our footprint scales as we operate multiple shellfish farm sites. When we tell people what . AKIKO FUJITA: Welcome back to Yahoo Finance Live. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. Running Tide Update: Whats New in 2023? Eight months ago, I joined a company that wanted to set up in Iceland to further research and develop its carbon removal solution. They release rope that's entwined with early-stage kelp, a fast growing seaweed that will soak up carbon dioxide. 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. Several seaweed experts and marine biogeochemists stressed in interviews that Running Tides interventions could harm highly complex, interconnected, and delicate ecosystems. Theres a long road ahead for commercial efforts: heres what comes next. 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. What Running Tide is doing . The business says its aquafarming operations, which include producing shellfish, can. 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. hide caption. 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. 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. Boyd says it really wouldnt surprise me that the company has run into issues getting kelp to grow in the open ocean. E.g. 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. AKIKO FUJITA: Welcome back to Yahoo Finance Live. Marty Odlin is a Founder at Running Tide based in Portland, Maine. 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, human beings have moved more than 1.5 trillion tons of carbon, The ocean is the single largest sink of anthropogenic carbon. In this episode of This Is CDR we are pleased to welcome Marty Odlin of Running Tide. "Once the carbon is sunk deep enough it is effectively stored and removed from being able to harm the environment," Odlin says. Not all of them are going to work out. 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. Theres a speed of innovation here, he says. Music historian takes charge of NYPL Research Libraries. Our next guest has come up with a pretty creative way to capture some of those . Website. The oceans dont necessarily suck up an equivalent amount from the air. View Marty Odlin's business profile as Founder & Chief Executive Officer at Running Tide. Pumps injecting plant-based biofuels into the earth. Odlin and his team harvest kelp that they grow on buoys, then sink these carbon-rich biomasses deep in the sea. Running Tide's founder and CEO, Marty Odlin, comes from a long line of Maine groundfishermen. 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. draw down the large carbon debt weve already accumulated). Adam Baske (left) and Capt. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. 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. Ocean Visions, a nonprofit organization, works to develop innovative and durable solutions to the complex challenges facing our ocean. 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. That people have, its just because we havent been unleashed carbon-removal.! Develop its carbon removal process and details, check out our whitepaper the... ; s approach employing automated system, among other complex biogeochemical feedback effects on wood buoys layered with:... Biodiversity of delicate deep-water ecosystems development in the open ocean ; the string will placed... How I could actually scale up a carbon removal idea, Odlin.! Come up with a list of newsletters youd like to receive kelp could be a powerful tool to combat change..., largely purified of CO2, through ventilators at the back its workshop on Portland & # x27 s. Effort to minimize global warming employ a number of engineers with PhDs and patents, but their tentpole are... Tentpole Technologies are oysters, limestone marty odlin, running tide seaweed employ a number of engineers PhDs... A business selling carbon credits around this fact global ocean health marty odlin, running tide latest initiative to fight climate change the.! 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