Principle Power, Inc

Company description

Principle Power is a technology developer focused on the deep-water (greater than 40m) offshore wind energy market. 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.

Company details

City:
Emeryville
Address:
Principle Power, Inc. 5901 Christie Ave. Suite 303 Emeryville, CA 94608 USA

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • February 08, 2023

    Tokyo Gas, Shinobuyama Fukushima Power begin scoping construction on 30 MW floating wind pilot project

    Tokyo Gas and Shinobuyama Fukushima Power have began planning the installation of a two-turbine, 30-MW  floating wind project in Japan following the release of an environmental impact assessment...

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  • October 14, 2022

    Principle Power secures FEED contract for 10 MW wind-to-hydrogen project off the coast of Aberdeen

    ERM has contracted Principle Power to advance the Front-End Engineering Design (FEED) for a 10 MW Wind-to-Hydrogen Dolphyn demonstrator project off the coast of Aberdeen, Scotland. ERM Dolphyn won GBP...

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  • July 29, 2020

    EDPR and partners commission 25 MW Windfloat Innovfin FDP offshore wind project in Viana do Castelo

    WindFloat Atlantic is now fully operational and supplying clean energy to Portugal's electrical grid. Following the connection of the last of the three platforms to the 20 m export cable connecting th...

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  • June 26, 2020

    Financial close for 50 MW Kincardine floating wind farm project in Aberdeen bay

    Natixis has acted as sole green loan coordinator for the GBP380 million (US$472.4 million) financing for Cobra Instalaciones y Servicios S.A. of Kincardine Offshore Windfarm Limited. The project compr...

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  • May 28, 2020

    Tokyo Gas Co invests about US$22mn in Principle Power

    Tokyo Gas Co., Ltd. has become one of the primary investors and shareholders of Principle Power, Inc. after it has invested more than JPY2 billion (US$18.58 million).  Principle Power is a...

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