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.