Principle Power

Description

Principle Power is a global leader in floating wind technology, providing full lifecycle engineering services that deliver reliable, de-risked, and bankable solutions. Principle Power works with developers, independent power producers, utilities, and EPCs to deliver integrated designs that minimize project risk and maximize energy output. The WindFloat® portfolio consists of four modular platform technologies optimized for turbines above 15MW and suitable for any supply chain setup. With 75 MW capacity in operation (the 25 MW WindFloat Atlantic in Portugal, and the 50 MW Kincardine Offshore Wind Farm in Scotland) and 30 MW installed (EFGL in France), the technology has proven resilient in the challenging Atlantic and North Sea weather conditions, delivering more than 1 TWh of clean energy since WindFloat 1 was installed in 2011. Principle Power is working with customers and partners to commercialize floating wind in different regions with a robust project industrialization plan that emphasizes compatibility with existing manufacturing capacity, while also advancing a vision for purpose-built, automated WindFloat® factories to drive costs and schedule to a minimum. Principle Power offers unique, full-lifecycle services combining dedicated expert teams, validated design tools, and proven processes that have been refined based on real-world operational experience providing confidence from the earliest design phases. Principle Power has secured exclusivity to supply WindFloat® technology to commercial-scale projects in all key floating wind markets totaling 14+ GW of projects secured or under design contract.

Principle Power

Principle Power is a global leader in floating wind technology, providing full lifecycle engineering services that deliver reliable, de-risked, and bankable solutions. Principle Power works with developers, independent power producers, utilities, and EPCs to deliver integrated designs that minimize project risk and maximize energy output. The WindFloat® portfolio consists of four modular platform technologies optimized for turbines above 15MW and suitable for any supply chain setup. With 75 MW capacity in operation (the 25 MW WindFloat Atlantic in Portugal, and the 50 MW Kincardine Offshore Wind Farm in Scotland) and 30 MW installed (EFGL in France), the technology has proven resilient in the challenging Atlantic and North Sea weather conditions, delivering more than 1 TWh of clean energy since WindFloat 1 was installed in 2011. Principle Power is working with customers and partners to commercialize floating wind in different regions with a robust project industrialization plan that emphasizes compatibility with existing manufacturing capacity, while also advancing a vision for purpose-built, automated WindFloat® factories to drive costs and schedule to a minimum. Principle Power offers unique, full-lifecycle services combining dedicated expert teams, validated design tools, and proven processes that have been refined based on real-world operational experience providing confidence from the earliest design phases. Principle Power has secured exclusivity to supply WindFloat® technology to commercial-scale projects in all key floating wind markets totaling 14+ GW of projects secured or under design contract.

Market Segment

A. Energy generation

Themes

Offshore wind

Main market segments

Offshore Wind

Commercial stage

Consolidated sales

Country

United States

UN Sustainable Development Goals

SDG 7 - Affordable and clean energy
SDG 9 - Industry, innovation and infrastructure
SDG 11 - Sustainable cities and communities
SDG 12 - Responsible consumption and production
SDG 13 - Climate action