Reversing these impacts at scale requires technology that accelerates the oceans rejuvenation. 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. 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 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. hide caption. 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. 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. hide caption. He founded Running Tide in 2017 to address the perilous changes he witnessed while working on the ocean. 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. Running Tide Technologies, Inc. builds technologies to sustainably scale the natural processes of the ocean. The microalgae he saw from boats would naturally absorb carbon and eventually sink to the ocean floor, deep enough to remove the carbon from the atmosphere. "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 Our macroalgae passes carbon removal targets for the first time. Deny? decrease the carbon cycle deficit). 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 tells us about Running Tide's approach employing automated system. Its burning forests down. (Fred Bever/Maine Public) Tickets for Running Tide Update: What's New in 2023? Engineer Marty Odlin 04, Th07, makes waves with kelp. 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. Oceans represent two-thirds of the Earths surface and are the main theater of war for climate change, even more than forests. 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. But after seeing global warming's effects on the Gulf of Maine fisheries he decided to try and reverse the damage. Sources say the company has explored another, potentially faster way to begin sequestering carbon in the oceans: sinking significant amounts of wood chips or other forms of waste wood, possibly with smaller types of algae growing on them. 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. Heal the ocean. Share Running Tide Update: What's New in 2023? All their eggs are external, and those booms come when the chemistry of the ocean is just right for that species, he said. Video transcript. Theres a speed of innovation here, he says. "Right now it's purely a production facility," he said of the hatchery. Marty Odlin, the boat captain's nephew and the CEO of Running Tide, explains the company's mission. Rob Odlin. They adopt new technologies and recapitalize frequently. 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. Europe, Menlo Park, China), Where the person is located (e.g. 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. Our shellfish . About Marty: Marty Odlin is the Founder and CEO of Running Tide, a global ocean health company. 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. As the climate crisis intensified, he returned to Maine to help his familys commercial fishing business. 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). Marty Odin is the CEO and founder of Running Tide. 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. appreciated. 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. That process is super-slow, says Dartmouth professor Justin Mankin, a climate research scientist who teaches in the geography and earth sciences departments. Just constant activity., To my son, born during the climate crisis: Get mad and get ready. We deploy North Americas largest distribution of macroalgae lines. 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.. Its also increasingly clear that not every ton of carbon absorbed by seaweed can count as a ton of carbon removed. Running Tide slendingar tta sig ekki hrifum nskpunar sinnar. -- CEO Marty Odlin to your collection. Glassdoor gives you an inside look at what it's like to work at Running Tide, including salaries, reviews, office photos, and more. 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. The ocean is the single largest sink of anthropogenic carbon. "Essentially what we have to do is run the oil industry in reverse," he concluded. Adam Baske (left) and Capt. Plug-in hybrids wont get the world to zero emissions, but they can help cut climate impacts somewhat. "Ocean Visions involvement is critical to our mission at Running Tide" says Marty Odlin, Running Tide CEO and Founder. People were making money, Odlin wistfully told CNN. Marty Odlin, CEO of Running Tide Technologies, in its workshop on Portland's waterfront. Its going to be this constellation of solutions, mitigation efforts, and geoengineering., Admit? Oceanographers say that sinking significant amounts of wood could dramatically alter deep-water ecosystems. Several seaweed experts and marine biogeochemists stressed in interviews that Running Tides interventions could harm highly complex, interconnected, and delicate ecosystems. customer-service@technologyreview.com with a list of newsletters youd like to receive. 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 business says its aquafarming operations, which include producing shellfish, can. Running Tide is founded and the team builds a system to revolutionize ocean growing. 5.0 . All content is posted anonymously by employees working at Running Tide. Neither carbon drawdown nor storage require any anthropogenic energy input. This is a major threat to the oceans biosecurity, Boyd says. 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. "We're certainly not going to jump ahead of science," Odlin said. "Ocean Visions involvement is critical to our mission at Running Tide" says Marty Odlin, Running Tide CEO and Founder. draw down the large carbon debt weve already accumulated). We open our shellfish hatchery in North America. 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. This is the Running Tide company profile. High-tech carbon-removal innovations are emerging around the world. At a large scale, though, Running Tide is mindful there could be unwanted consequences. What are we waiting for? 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. But the mackerel swam north and hasnt come back. I had a dream of a jigging boat, catching mackerel and groundfish and selling perfect filets. 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He sees potential for Running Tide to help reverse global warming. Read More. 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. 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. 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. 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. It's a big risk. But while fishing has always been a boom-or-bust game, what keeps Odlin awake is the worry that the booms are over forever. Months later the mature plant blades will grow too heavy for their biodegradable buoys. -- CEO Marty Odlin to your collection. Ocean Visions also announced the formation of an independent scientific advisory board for the company on June 8. Pumps injecting plant-based biofuels into the earth. Not all of them are going to work out. In addition, nations that are party to the London Convention, an international maritime treaty that regulates ocean dumping, passed a resolution limiting the practice. Starting businesses, building boats, making nets. Also, crucially, it floats, so added measures or mechanisms may be needed to ensure that most of it reaches the bottom of the ocean. Go-to place to discover events for more than 20M people globally. Some outside experts think the early results described by sources may be indicative of larger challenges. 2023 Cable News Network. 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. A National Academies of Sciences report last year estimated that seaweed cultivation could remove around 100 million to 1 billion tons of carbon dioxide per year. Thu, Feb 2, 2023 12:30 PM GMT (+00:00) 0 - 10. 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. . But Running Tides macroalgae-sinking plans have generated the most attention. Running Tides carbon removal system utilizes natural phenomena sunlight, photosynthesis, ocean currents, carbonate chemistry, and gravity to restore and sustainably amplify the carbon buffering capacity of the ocean. CNN Sans & 2016 Cable News Network. 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. At its core, carbon removal is "a mass-transfer problem," Marty Odlin, Running Tide's CEO, told me. 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. Eight months ago, I joined a company that wanted to set up in Iceland to further research and develop its carbon removal solution. 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. Guest author Marty Odlin, Running Tide CEO, is a third generation fisherman and engineer by training. 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 whole time, I was thinking about how I could actually scale up a carbon removal idea, Odlin says. This is a critical . Running Tide founder Marty Odlin has a big idea about how to fight climate change: millions of seaweed farms. It rated the knowledge base as medium-high, scalability as medium, durability as medium-high, and environmental risk as medium-high.. "Collaborations between academia and our team will expedite our goal of removing carbon dioxide on the gigaton scale in the coming years." PRWeb Press Release. 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. 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. We are losing our way of life, our livelihoods, and our sense of community and continuity. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. 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. PORTLAND, Maine CNN Marty Odlin just wanted to go fishing. Also check out other Virtual Events in Online. "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. 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. But executive director Brad Ack says all that will be weighed in the context of the urgency of combating climate change. 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. A behind-the-scenes look at how admissions officers make their decisions, Advertising | We work with selected teams to identify their specific needs and build customized expert advisory teams to provide ongoing advice and support. The team, which included scientists from the Woods Hole Oceanographic Institution and the Monterey Bay Aquarium Research Institute, issued a report in 2021 that highlighted a number of potential environmental effects from various scales of seaweed sinking and provided guidance on future research efforts. Marty Odlin, CEO and founder of Running Tide, spoke briefly at the meeting. "We're kind of in a cage-match with it right now," he says. Its my informed view that its not going to be a thing.. Its devastating our crops. 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 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 . 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. 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. "Essentially what we have to do is run the oil industry in reverse," he says. The climate risks were so high. Now they have billionaire investors and a team of engineers, biologists, agronomists, fabricators, software developers, data specialists and boat captains. Once the carbon is sunk deep enough it is effectively stored and removed from being able to harm the environment, Odlin says. And for us, Iceland was that place. Rob Odlin of Running Tide Technologies in the Gulf of Maine. 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. Right?. -- CEO Marty Odlin can be booked here. 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. 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. But thats just part of this. 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. 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. We have got 40,000 cities covered worldwide, Discover Online Events - Attend from anywhere , Running Tide Update: What's New in 2023? When we tell people what 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. Your effort and contribution in providing this feedback is much Through photosynthesis, it also rapidly absorbs carbon dissolved in seawater. With a warming and increasingly acidic ocean, fish that sustained my family, friends, and neighbors (and fed so much of America and the world) were moving north and to deeper waters. We just have to be unleashed.. At least several of the departures were due, in part, to concerns that the companys executives werent paying sufficient attention to the potential ecological effects of its plans. Our climate is changing in significant ways that are already having profound and detrimental impacts on the foundations of civilizations.. 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