Our proprietary verification system is operational. Rob Odlin. But after seeing global warming's effects on the Gulf of Maine fisheries he decided to try and reverse the damage. 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. 2023 Cable News Network. 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. 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. 3:02 AM EDT, Sun May 22, 2022, Meet the fisherman who could win $100M from Elon Musk. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. 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. People were taking risks. 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. "And in this case, the no-action alternative is very grim.". Seaweed is a ravenous consumer of carbon dioxide, and scientists have been eyeing it as one potential solution to the climate crisis. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. The ocean is the single largest sink of anthropogenic carbon. As the climate crisis intensified, he returned to Maine to help his familys commercial fishing business. 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. So founder Marty Odlin decided to build a business selling carbon credits around this fact. 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. 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. At Running Tide, our bet is on the ocean. - Climeworks factory is in ICELAND containers similar to those used in maritime transport are stacked up in pairs, 10 metres (33 feet) high. 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. He said the company currently has 17 scientists, seven with PhDs, who have expertise in agronomy and ocean science. As Odlin notes, the fossil fuels we burn for energy started out as plants millions of years ago. 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 must restore and increase the size of fast carbon sinks, but we must also build the pipes that move that fast carbon to slow. Our macroalgae passes carbon removal targets for the first time. 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 We just have to be unleashed.. Months later the mature plant blades will grow too heavy for their biodegradable buoys. 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,. It's modeling whether, for instance, a multitude of free-floating micro-farms could entangle whales, hinder shipping, or foul beaches. 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. ), recuerda cmo sola ser el ocano. 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. 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. Kelp continually sheds its blades and fronds as it grows. For starters, reaching a big enough scale to significantly affect the climate will require dedicating a vast amount of ocean to seaweed farming. 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. 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 . Theres no one thing that we can do that will solve the problem, Mankin says. Well, it is no secret carbon emissions caused by human activity are accelerating climate change. Its stealing our fish. 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. What's LinkedIn for? 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. Weve been burning carbon from coal and oil into the atmosphere and oceans for decades. But Running Tides macroalgae-sinking plans have generated the most attention. Its burning forests down. We need carbon removal., Carbon removal is a measurable attribute of a fully accounted supply chain defined as the intentional net movement of fast carbon to the slow carbon cycle., Fixing carbon in the fast carbon cycle is only part of the equation; for carbon removal, you must take the next step of transferring that carbon in the fast carbon cycle back to the slow carbon cycle. That said, scaling up Running Tide's operation depends on what the data says from their ongoing experiments. Marty Odlin. Odlin and his team harvest kelp that they grow on buoys, then sink these carbon-rich biomasses deep in the sea. Follow: @martyodlin Kill Godzilla. "Ocean Visions involvement is critical to our mission at Running Tide" says Marty Odlin, Running Tide CEO and Founder. 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. Thu, Feb 2, 2023 12:30 PM GMT (+00:00) 0 - 10. Stay tuned with the most relevant events happening around you. "Ocean Visions involvement is critical to our mission at Running Tide" says Marty Odlin, Running Tide CEO and Founder. 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. It would be a huge perturbation to an ecosystem, he says. 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. draw down the large carbon debt weve already accumulated). A Warner Bros. 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. Adam Baske (left) and Capt. Europe, Menlo Park, China), Where the person is located (e.g. Using his training as an engineer, Odlin has decided to try to reverse that decline with his company, Running Tide, which is based in Portland. 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. We engage in the first of many restoration projects. I want them to live in a world where we can go fishing on a summer Sunday afternoon out to a favorite spot in a thriving kelp forest. 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. Wed, Jan 25, 2023 12:00 PM GMT (+00:00) 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. 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. But if youre going to do it, theres a whole bunch of stuff you havent thought about yet.. Heal the ocean. Running Tide is pursuing a lucrative though loosely regulated market: selling so-called carbon offsets to corporations. 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. One thing matters: Delivering tonnage.. 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. 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. And for us, Iceland was that place. What's LinkedIn for? Adam Baske (left) and Capt. ", Marty Odlin, CEO of Running Tide Technologies, in its workshop on Portland's waterfront. This is hard work. Odlin said there was never a plan to sink wood on its own and replied no when asked if the company has proposed adding nutrients to the ocean. The company is part of a new wave of big-thinking about removing carbon from the atmosphere at a planetary-scale. 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. Eat more oysters. The executives, they add, minimized the downsides by asserting that addressing the urgent challenges of climate change will outweigh any possible ecological harms. 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. Our first macroalgae and shellfish are produced in Casco Bay, Maine. 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. We fish for mackerel, we catch our fair share, and if they're feeling brave, we dive down and grab an oyster. Kelp, although it is technically not a plant but an algae, is one of the fastest growing organisms. 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. hide caption. 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. 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. -- CEO Marty Odlin with your friends. m . All their eggs are external, and those booms come when the chemistry of the ocean is just right for that species, he said. 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. 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 What does it mean to be a trustee? Well, it is no secret carbon emissions caused by human activity are accelerating climate change. Neither kelp nor shellfish farming compete for land or coastal space and the unavoidable by-products of both are the restoration of marine habitats and large-scale carbon removal. 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