more time. Running Tide and other companies hope to dramatically scale up this process by cultivating kelp or other types of algae on floats in the deep ocean. Large rafts of free-floating kelp could introduce invasive species and microbes. Fred Bever/Maine Public Theres a speed of innovation here, he says. Go-to place to discover events for more than 20M people globally. We have no idea what happens when we scale this up.. "We have to compare them against the no-action alternative," he says. Theres broad agreement among climate scientists that in addition to slashing emissions, the world needs to figure out ways to begin rapidly drawing down vast amounts of carbon dioxide to address the rising dangers of global warming. 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. But. What does it mean to be a trustee? Tickets for Running Tide Update: What's New in 2023? (Fred Bever/Maine Public) Our in-depth reporting reveals whats going on now to prepare you for whats coming next. If it was just overfishing, we would have seen the stocks rebound, and we havent seen them rebound. Marty Odlin. About Marty: Marty Odlin is the Founder and CEO of Running Tide, a global ocean health company. "It's like a desert and just within my lifetime," Odlin told The New York Times of changes to the ocean. 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 Maine fishermen, from a family of Maine fishermen, is among the finalists for a $100 million prize for fighting climate change from Elon Musk. Email. As Odlin notes, the fossil fuels we burn for energy started out as plants millions of years ago. Running Tides novel approach integrates land and sea photosynthesis, stacking two natural carbon capture pathways. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. Running Tide founder and CEO Marty Odlin commented: "We are deeply grateful for the support of our Icelandic partners, the Icelandic government, and the Icelandic people in developing, deploying, and scaling solutions that will combat climate change and improve lives, both here in Iceland and around the world." . OpenAir is a grassroots volunteer collective dedicated to advancing carbon removal technologies through collaborative policy advocacy and research and development 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.. 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. Read More. Were doing this because were terrified by what were seeing, he says. This is the Running Tide company profile. Starting businesses, building boats, making nets. To learn more about our ocean based carbon removal process and details, check out our whitepaper. At Running Tide, we build technologies that allow us to harness the power of the ocean to build a climate positive future. Not all of them are going to work out. While there are hundreds of species the company could test in many parts of the oceans, most are adapted to the nutrient-rich waters largely concentrated along the coasts, he says. 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 . Also check out other Virtual Events in Online. From acidification to pollution to temperature rise, human activity has altered the oceans chemistry in ways that may not be undone even if we slash CO2 emissions from land-based sources. Jack is first name and Mandanka is last name. Running Tide Update: Whats New in 2023? Put simply: You can bury biomass or you can turn fast carbon into rocks.. They all swam to Iceland.. Well, it is no secret carbon emissions caused by human activity are accelerating climate change. Heal the ocean. Navajo lawyer shares perspective on the Indian Child Welfare Act. CNN Sans & 2016 Cable News Network. 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. 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. 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. Its stealing our fish. 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. Odlin. The whole time, I was thinking about how I could actually scale up a carbon removal idea, Odlin says. That process is super-slow, says Dartmouth professor Justin Mankin, a climate research scientist who teaches in the geography and earth sciences departments. -- CEO Marty Odlin with your friends. 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 . I dont think the data shows a remarkable turnover rate, I really dont, Odlin adds. Last Update. Just over a year later, Running Tide and its fisherman/CEO is among the finalists. - Climeworks factory is in ICELAND containers similar to those used in maritime transport are stacked up in pairs, 10 metres (33 feet) high. At a large scale, though, Running Tide is mindful there could be unwanted consequences. 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. 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. Video transcript. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. Right?. 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. 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. I had a dream of a jigging boat, catching mackerel and groundfish and selling perfect filets. hide caption. Running Tide, a company headquartered in Portland, Maine,. 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 start growing macroalgae on vertical lines. 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. It's a big risk. They consider their workers in every minute detail of their operations. The Technology 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're kind of in a cage-match with it right now," he says. Overfishing wiped out the abundance of cod in the 1980s and 90s, until catch limits were eventually reduced by 95%. 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. "So the kelp will sink to the ocean bottom in the sediment, and become, essentially, part of the ocean floor," Odlin says. 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. Likewise, the parties to the London Protocol, which is supposed to eventually replace that treaty, passed an amendment restricting it. We grew up on these stories of heroism and sacrifice. In 2018 he and his wife, Justine Simon 06, who live outside Portland, Maine, started Running Tide. 2017. Portland, Maine 4,478 followers The global ocean health company. 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. 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. We launched Shopify's Sustainability Fund to address a hard truth: there's too much carbon in the air. 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. Adam Baske (left) and Capt. . And on Earth Day 2021, Tesla CEO Elon Musk announced his $100 million XPRIZE for carbon removal. 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 Discovery Company. This is hard work. Fans in front of the collector draw in ambient air and release it, largely purified of CO2, through ventilators at the back. 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. Running Tide may employ a number of engineers with PhDs and patents, but their tentpole technologies are oysters, limestone and seaweed. Through photosynthesis, it also rapidly absorbs carbon dissolved in seawater. Towering banks of fans that can pull CO2 from the sky. This means CCS must grow from an industry worth a few billion in 2022 to a trillion dollars a year by 2030. High-tech carbon-removal innovations are emerging around the world. One thing matters: Delivering tonnage.. -- CEO Marty Odlin can be booked here. It's modeling whether, for instance, a multitude of free-floating micro-farms could entangle whales, hinder shipping, or foul beaches. Marty Odlin, the CEO of Running Tide, wants to absorb carbon dioxide from the air and sea with a network of kelp-growing bouys. We have a commitment to science and take seriously our stewardship of the oceans.. "I'm not in this to give Godzilla a paper-cut.". 2022 Ocean Visions, Inc. All Rights Reserved. Video transcript. 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. Writer pens personal essay about growing up Blackand taming his hair. Olivia Mercier runs the kelp hatchery at Portland's Running Tide Technologies. It rated the knowledge base as medium-high, scalability as medium, durability as medium-high, and environmental risk as medium-high.. draw down the large carbon debt weve already accumulated). Running Tide We are losing our way of life, our livelihoods, and our sense of community and continuity. 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. 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