Principle Power

Principle Power's enabling product, a floating wind turbine foundation called WindFloat, provides for siting of offshore wind turbines independent of water depth, thus exploiting the world's highest capacity wind resources. Deep-water offshore wind installations, to date, have not been feasible due to economic and technological limitations. Wind energy is recognized around the world as a mature and growing form of reliable renewable energy. Inherently insensitive to commodity markets, wind energy can satisfy global energy demands while maintaining price stability. Historically in the US and worldwide, wind energy's greatest barriers have been visual impact and transmission of energy to load centers. The WindFloat circumvents these historical barriers with an innovative and economic approach. Depth insensitivity allows placement of wind production facilities beyond the horizon while still maintaining direct transmission paths to loads centers via undersea cabling.
Company growth
Type
Private
HQ
Berkeley, US
Founded
2007
Size (employees)
30 (est)
Principle Power was founded in 2007 and is headquartered in Berkeley, US

Principle Power Office Locations

Principle Power has offices in Berkeley, Lisbon, Aix-en-Provence
Berkeley, US
Lisbon, PT
Aix-en-Provence, FR

Principle Power Metrics

Principle Power Summary

Founding Date

2007

Total Funding

$2.3 M

Latest funding size

$2.3 M

Time since last funding

almost 9 years
We estimate that Principle Power's latest funding round in May 2008 was $2.3 M. In total, Principle Power has raised $2.3 M
We estimate that Principle Power's current employees are approximately 100% male

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