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Principle Power

112 employees

Principle Power is a pure play, global leader in floating wind technology, providing full lifecycle engineering services that ensure reliable, de-risked, and bankable solutions. Partnering with developers, independent power producers, utilities and EPCs, the company delivers integrated designs that minimize project risk and maximize energy output. The company's “300x30” industrialization vision aims to build readiness to enable the deployment of 300 floating wind turbines worldwide by the end of 2030, driven by dedicated expert teams, validated design tools, and real-world operational experience. The WindFloat® portfolio, with four modular designs, is suitable for any project context or supply chain setup. With 105 MW capacity in operation or under construction, the technology has proven resilient in challenging weather conditions, delivering 800 GWh of clean energy. Principle Power has secured exclusivity to supply WindFloat® technology to commercial-scale projects in all key floating wind markets totalling 14+ GW of projects secured or under design contract.

Investor insights

Funding rounds participated in

$22M sweet spot round size

Investor type

Privately Held

Basic info

Industry

Wind Electric Power Generation

Sectors

Wind Electric Power Generation

Date founded

2007

Funding rounds raised

Total raised

$22M

from 1 investors over 1 rounds

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Principle Power raised $22M on June 27, 2020

Investors: Tokyo Gas

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