We just have to be unleashed.. Rob Odlin of Running Tide Technologies in the Gulf of Maine. This also prompted internal concerns over the potential ecological effects. Discovery Company. 2022 Ocean Visions, Inc. All Rights Reserved. A Warner Bros. Tue Jan 17 2023 at 12:00 pm to 01:00 pm. Follow: @martyodlin Kill Godzilla. What are we waiting for? CNN Sans & 2016 Cable News Network. "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. Its my informed view that its not going to be a thing.. 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. Were not saying dont do it. 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. Little ones, suspended from biodegradable buoys floating free in the north. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. Microsoft last year committed a billion dollars to kick-start research and development in the emerging field of carbon-removal tech. These experiences have strengthened our belief that Icelands vision to scale humanitys most needed climate solutions is not only possible, but already underway.. 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. 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. Chicago Cubs player is lauded for local volunteer work. Its devastating our crops. The fossil fuels industry is a highly efficient, multi-trillion global carbon market that moves carbon from slow to fast. Save Running Tide Update: What's New in 2023? Much of the attention has focused on kelp, a large brown seaweed that can grow up to two feet a day. 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. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. Find contact's direct phone number, email address, work history, and more. 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. 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. Marty Odlin 2022-10-19 7 minute read Running Tide exists for my kids. Much of it was ocean algae that sank to the bottom of ancient seas, where chemistry and water pressure transformed it into oil, over geologic timescales. Odlin and his team harvest kelp that they grow on buoys, then sink these carbon-rich biomasses deep in the sea. 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. 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. 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. At its core, carbon removal is "a mass-transfer problem," Marty Odlin, Running Tide's CEO, told me. Expanding the Community for Ocean Solutions. The Potential Advantages appreciated. We are scaling carbon removal globally and producing millions of shellfish. 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. Save Running Tide Update: What's New in 2023? The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. 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. 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. Odlin, whose family has been in the commercial fishing business for generations, founded the company in 2017. Our CEO, Marty Odlin, conceptualizes the first microforest. Wait list? 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. 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 The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. hide caption. 11/27/2022 3:47 AM. 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 should get mad and go kill that thing. 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. Our footprint scales as we operate multiple shellfish farm sites. 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. People were taking risks. They release rope that's entwined with early-stage kelp, a fast growing seaweed that will soak up carbon dioxide. 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. Eat more oysters. What's LinkedIn for? PORTLAND, Maine CNN Marty Odlin just wanted to go fishing. We are losing our way of life, our livelihoods, and our sense of community and continuity. 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. Well, it is no secret carbon. Europe, Menlo Park, China), Where the person is located (e.g. Then theres the question of where it all goes. Adam Baske (left) and Capt. Odlin wants to mimic those natural processes, and do it in a hurry. 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. draw down the large carbon debt weve already accumulated). Marty Odlin, CEO and founder of Running Tide, spoke briefly at the meeting. (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.). Odlin said the company is probably building the most complete and robust quantification engine for monitoring, reporting, and verification of ocean-based carbon dioxide removal, adding: And were going to look to partners, to third parties, to validate that., Odlin said that Running Tide continually reviews new research in the field, internally and with its scientific advisors, to determine if any of it changes the mainstream understanding of where the science is at with these earth systems, he 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. We grew up on these stories of heroism and sacrifice. 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. Kelp continually sheds its blades and fronds as it grows. As the IPCC has demonstrated, we must move up to 660 gigatons of carbon from the fast cycle back to the slow cycle. Video transcript. Some outside experts think the early results described by sources may be indicative of larger challenges. First on CNN: DOE announces multibillion-dollar project to kickstart a carbon dioxide removal industry in US. Pumps injecting plant-based biofuels into the earth. Ocean Visions also announced the formation of an independent scientific advisory board for the company on June 8. Wed, Jan 25, 2023 12:00 PM GMT (+00:00) Jack is first name and Mandanka is last name. Marty Odlin just wanted to go fishing. What Running Tide is doing . 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. 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. Musk said he was out to find the smartest, most cost-effective means and markets to capture carbon. And as went my dream, so go others in coastal communities. But when it came time to take out a boat loan, I just couldnt make the math work, Marty said. Neither carbon drawdown nor storage require any anthropogenic energy input. Navajo lawyer shares perspective on the Indian Child Welfare Act. Though it has not been officially enacted, most nations have abided by the regulations to date. 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. . AKIKO FUJITA: Welcome back to Yahoo Finance Live. Its burning forests down. 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. "We have to compare them against the no-action alternative," he says. 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. She raises sporophytes, or early-stage kelp, on a pipe wrapped with biodegradable string; the string will be placed in the ocean. As kelp piles up on the seafloor, it could choke off dense communities of species that live within ocean sediments. Through photosynthesis, it also rapidly absorbs carbon dissolved in seawater. Kelp, although it is technically not a plant but an algae, is one of the fastest growing organisms. 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. 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. 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 . He said the company currently has 17 scientists, seven with PhDs, who have expertise in agronomy and ocean science. What does it mean to be a trustee? Toyota is betting theyll stay in the mix for a while. Months later the mature plant blades will grow too heavy for their biodegradable buoys. 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. Our first macroalgae and shellfish are produced in Casco Bay, Maine. Theres a speed of innovation here, he says. 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. He founded Running Tide in 2017 to address the perilous changes he witnessed while working on the ocean. Just over a year later, Running Tide and its fisherman/CEO is among the finalists. Tickets for Running Tide Update: What's New in 2023? 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.. I dont think the data shows a remarkable turnover rate, I really dont, Odlin adds. 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. 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. Running Tide already has created first-of-its-kind data recorders that . Marty Odlin, whose family has been fishing in Maine for generations, has started a small company named Running Tide (the name of his boat) to remove carbon dioxide, a main culprit in global warming . High-tech carbon-removal innovations are emerging around the world. They either didnt respond to inquiries or declined to comment for this piece. What does it mean to be a trustee? Our CEO, Marty Odlin, conceptualizes the first microforest. The government and industry work towards profit and ocean health as one goal. 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. 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. Years ago, when my familys own fishery business was struggling, we realized we had to look outside our local community to find new best practices to meet the changing demands of the market. (Fred Bever/Maine Public) It's modeling whether, for instance, a multitude of free-floating micro-farms could entangle whales, hinder shipping, or foul beaches. Our planet is broken and every path to fixing it requires restoring ocean health. 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. New ways to recover the crucial metals in batteries could make EVs more affordable. 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 Odin is the CEO and founder of Running Tide. In addition, nations that are party to the London Convention, an international maritime treaty that regulates ocean dumping, passed a resolution limiting the practice. At Running Tide, our bet is on the ocean. Privacy Policy | The company is called Running Tide Technologies, and it's prototyping the concept this winter. Also, crucially, it floats, so added measures or mechanisms may be needed to ensure that most of it reaches the bottom of the ocean. The transfer of carbon from fast to slow is the most important mass-moving challenge of the 21st century. 3:02 AM EDT, Sun May 22, 2022, Meet the fisherman who could win $100M from Elon Musk. Running Tide scientists amplify the process by growing the seaweed on wood buoys layered with. But thats just part of this. 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. Discover special offers, top stories, Instead of chasing monster mackerel on a boat named Running Tide, Odlin started a company called Running Tide to help solve the problem. I had a dream of a jigging boat, catching mackerel and groundfish and selling perfect filets. "And in this case, the no-action alternative is very grim.". 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. "I'm not in this to give Godzilla a paper-cut.". They release rope that's entwined with early-stage kelp, a fast growing seaweed that will soak up carbon dioxide. 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 . Thats equivalent to more than 60% of the global coast, and it would occupy an area nearly the size of Ireland. Author discusses his debut short story collection. Thu, Feb 2, 2023 12:30 PM GMT (+00:00) 0 - 10. Plug-in hybrids wont get the world to zero emissions, but they can help cut climate impacts somewhat. This is a major threat to the oceans biosecurity, Boyd says. If it was just overfishing, we would have seen the stocks rebound, and we havent seen them rebound. He realized early the uncertainty of wild-captured fisheries. And for us, Iceland was that place. Go-to place to discover events for more than 20M people globally. They adopt new technologies and recapitalize frequently. Marty Odlin is the Founder and CEO of Running Tide, a leading global decarbonization and carbon removal platform. Now they have billionaire investors and a team of engineers, biologists, agronomists, fabricators, software developers, data specialists and boat captains. 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. 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. 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. But after seeing global warming's effects on the Gulf of Maine fisheries he decided to try and reverse the damage. Marty Odlin, the boat captain's nephew and the CEO of Running Tide, explains the company's mission. Expert advisors assembled by Ocean Visions will support the development of an environmental impact assessment, provide expertise related to ocean circulation data, and offer insight into the regulatory landscape for ocean-based carbon dioxide removal research occurring in international waters. 37 Thousand gigatons of CO 2 stored in deep ocean reservoirs MARTY ODLIN CEO & FOUNDER Marty studied robotics at Dartmouth, managed a fleet of five fishing boats, and his family has been in the offshore fishing business for generations. The report, which evaluated six marine-based carbon removal approaches, said there was medium confidence in the efficacy of seaweed cultivation. 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). 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