Last deal

$22M

Amount

Corporate Round

Stage

27.05.2020

Date

6

all rounds

$27.9M

Total amount

General

About Company
Principle Power develops floating wind turbine foundations for deep-water offshore wind energy.

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founded date

01.01.2007

Number of employees

Company Type

For Profit

Last funding type

Corporate Round

IPO status

Private

Description

Principle Power, founded in 2007 and based in Emeryville, California, is a technology developer focused on the deep-water offshore wind energy market. The company's flagship product is WindFloat, a floating wind turbine foundation that allows offshore wind turbines to be installed in any water depth or seabed condition. This technology overcomes the economic and technological limitations that have previously made deep-water offshore wind installations unviable and infeasible. Principle Power's innovative solution enables the harvesting of wind resources in deep-water areas, opening up new possibilities for the offshore wind energy sector.
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