A planet powered by floating offshore wind
Principle Power is a leading global technology and services provider for the floating offshore wind energy market.
Principle Power is a globally leading pure play technology and engineering services provider for the floating offshore wind energy market, with two operational projects totaling 75GW capacity in Portugal and Scotland, 30 MW in France scheduled to reach financial close in 2025 and 10 GW of projects under design contract in all key floating wind markets.
We are naval architects, engineers, innovators, and entrepreneurs who are passionate about unlocking the full potential of the ocean to provide clean, renewable energy to the our planet.
We have proven the cost-efficiency of floating offshore wind technology in the harshest marine environments, with excellent power output. We keep optimizing and advancing technology for large-scale deployment through our operational experience, reliable engineering processes, and our strengthen collaboration with customers and supply chain. Our goal is to provide our partners with the most efficient and scalable floating wind solutions for any given project context.
A global leader in the floating offshore wind industry
Principle Power's patented 4th generation WindFloat® product portfolio enables offshore wind turbines to be sited in any water depth or seabed condition, unlocking offshore wind potential worldwide and allowing projects to harvest the best wind resources.
Our WindFloat® products offer simple, economic designs to help reduce cost and risk from fabrication throughout installation, operations, and decommissioning. The portfolio’s superior dynamic motion characteristics and smart hull trim system yields maximum power production at prices that are competitive with conventional offshore wind and other energy sources.
The most experienced partner in floating offshore wind
Principle Power serves as a trusted partner to developers, independent power producers, utilities, and EPCI contractors, supporting customers throughout the entire project lifecycle, from development to decommissioning. Leveraging our track-record and operational experience, our engineering teams deliver fully integrated design solutions that minimize CAPEX and OPEX while maximizing energy production.
Our vision
A planet powered by floating offshore wind
Our mission
To deliver the best floating wind solutions for our partners through our innovative technologies and services
Our values
We work as one team
We go above and beyond
We are driven by creativity
Leading the energy transition worldwide
Principle Power, founded in 2007, is headquartered in California, USA, with offices in France, Portugal, United Kingdom, Japan, and a growing presence in Asia.
The company currently employs over 120 talented people who are committed to developing floating offshore solutions to accelerate the energy transition.
Awards
Wind Investment Awards 2024
High Commendation for Technology Innovation Award with WindFloat F flat panel design.
“This distinction recognizes the importance of experience towards commercializing the new technologies that we will use to build a scalable and sustainable industry.”
NAMEPA's MEP Awards 2022: Environmental Innovation
Principle Power was granted NAMEPA’s Marine Environment Protection (MEP) Award for Environmental Innovation.
Top 100 Energy Transition Innovator 2022
Principle Power was named one of the TOP 100 Energy Transition Innovator in 2022 by Reuter Events.
European Wind Investment Awards 2021
High Commendation for Offshore Developer of the Year: "Principle Power certainly deserves recognition for being a market leader in floating offshore technology."
Global Cleantech 100 Company 2021
Principle Power was named a 2021 Global Cleantech 100 Company by Cleantech Group. The list recognizes companies that will deliver us from the climate challenge to the decarbonized future we need now.
The 100 companies on the list represent the private, independent, and for-profit companies best positioned to contribute to a more digitized, decarbonized, and resource-efficient future.
European Wind Investment Awards 2019
Innovation Award: "Principle Power is simply in a different league!”
Rising Star / Young Personality of the Year Award: “Aaron Smith demonstrated an impressive body of work and is clearly very established at such a young age. Aaron is driving a new direction in the offshore wind industry whilst also defining business strategy, funding, and negotiation. He has created a name for himself and has developed quickly.”
Environmental Leadership Award 2018
The Maritime Alliance, a California-based non-profit organization that promotes sustainable, science-based ocean and water industries, has presented Principle Power and Aker Solutions with the 2018’s Environmental Leadership Award in recognition of the companies’ efforts in promoting offshore renewable energy and their collaborative approach to development.
Offshore Energy Young Engineer Award 2016
Bestowed upon Alexia Aubault for her work on the WindFloat 1 floating wind turbine platform prototype.
Invest in Provence Award 2016
Award presented by the Provence Promotion, Economic Development Agency in recognition of the economic contributions Principle Power makes to the local community through the development of its floating offshore wind platform technology.
Global Cleantech 100 Company 2014
Principle Power was named a 2014 Global Cleantech 100 Company by Cleantech Group.
The Global Cleantech 100 represents the most innovative and promising ideas in cleantech, featuring companies that are best positioned to solve tomorrow’s clean technology challenges and make the most significant market impact.
Principle Power is supported by EIT InnoEnergy.
More in this section
Our story
Principle Power was founded in 2007 to unlock the massive deep water renewable energy potential of the ocean.
Our team
Principle Power comprises over 120 talented and passionate people spanning across more than 20 nationalities.
Quality, HS&E
Our commitment to people and the environment.
The offshore wind market
We take a leadership role in opening markets for, and expanding access to, floating offshore wind energy.
Enabling the industry
WindFloat® technology is creating new opportunities in offshore wind markets globally.
The WindFloat® advantage
PerformanceFabricationInstallationInspection, Maintenance & RepairConnectionLocal CommunitiesEnvironmentServices
Project Development SupportConcept and Pre-FEED DesignFEED and Detailed DesignProject Execution SupportInspect, Maintain & RepairEnd of Life Services
