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Principle Power logo — Principle Power is a global leader in floating wind technolo...

Principle Power

Principle Power is a global leader in floating wind technology, providing full lifecycle engineering services.

Founded 2007 United States Emeryville, United States 111 employees Corporate Round Energy, Renewable Energy +2

General Information

Company Name Principle Power
Founded Year 2007
Location United States Emeryville, United States
Founders / Decision Makers
Team member
Employees 111
Industries Energy, Renewable Energy, Clean Energy +1
Funding Stage Corporate Round
Social

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About Principle Power

Principle Power is a leading global technology and services provider for the floating offshore wind energy market. Established in 2007, the company is a pure play, global leader in floating wind technology, offering full lifecycle engineering services to ensure reliable, de-risked, and bankable solutions. Partnering with developers, independent power producers, utilities, and EPCs, they provide integrated designs minimizing project risk and maximizing energy output. The company's "300x30" industrialization vision aims to enable the deployment of 300 floating wind turbines worldwide by the end of 2030, driven by expert teams, validated design tools, and operational experience. Their WindFloat® portfolio, featuring four modular designs, caters to diverse project contexts and supply chain setups. With 105 MW capacity in operation or under construction, the technology has demonstrated resilience in challenging weather conditions, delivering 740 GWh of clean energy. Notably, Principle Power has secured exclusivity to supply WindFloat® technology to commercial-scale projects in all key floating wind markets totaling 14+ GW of projects under design contract. The latest investment, a Corporate Round investment at 27 May 2020, underscores the potential for growth and innovation within the company's sector.

Taxonomy: Floating Wind Technology, Offshore Wind Energy, Deep-water Offshore Wind, WindFloat® Portfolio, Engineering Services, Project Management, Global Leader, Energy Output Optimization, Industrialization Vision, Modular Designs, Supply Chain Setup, Bankable Solutions, EPC Partnership, Commercial-scale Projects, Operational Experience

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Corporate Round Undisclosed -
27 May 2020
Grant Undisclosed -
26 Sep 2019
Seed Undisclosed -
12 Nov 2014
Venture Series Unknown Undisclosed -
01 Mar 2013
Seed Undisclosed -
21 May 2008
Seed Undisclosed -
01 May 2007

Principle Power Alternatives & Competitors

Principle Power vs
Hexicon
Hexicon Sweden

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Principle Power vs
Gemma Power Systems
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Principle Power vs
wpd GmbH
wpd GmbH Germany

Development, financing, construction and operation of wind and solar projects

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FAQ About Principle Power

Principle Power is a global leader in floating wind technology, providing full lifecycle engineering services.
Principle Power was founded in 2007.
Principle Power is headquartered in Emeryville, United States.
Principle Power operates in Energy, Renewable Energy, Clean Energy and Water. Its work centres on Floating Wind Technology, Offshore Wind Energy, Deep-water Offshore Wind and WindFloat® Portfolio.
Principle Power has approximately 111 employees.
Principle Power has completed 6 funding rounds. The latest funding stage is Corporate Round.
Top alternatives and competitors to Principle Power include Hexicon, Gemma Power Systems, wpd GmbH, greenwind, ib vogt GmbH. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Principle Power and Hexicon are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Principle Power, https://bouncewatch.com/company/principle-power, updated 7 January 2025. When citing, please name BounceWatch and link this page.

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