Principle Power is a leading global technology and services provider for the floating offshore wind energy market.
We are naval architects, engineers, innovators, and entrepreneurs who are passionate about unlocking the full potential of the ocean to provide clean, inexhaustible energy to the world.
We believe that responsibly sited floating offshore wind technology offers a transformational energy resource that can be delivered at the scale necessary to address the biggest environmental challenges of our time.
Principle Power's globally patented and proven floating platform technology, the WindFloat®, 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.
The WindFloat® simple and economic design reduces costs and risks from fabrication throughout installation, operations, and decommissioning. The WindFloat®’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.
Principle Power acts as a trusted partner to developers, independent power producers, utilities, and EPCI contractors, supporting these customers throughout the entire lifecycle of their projects.
Principle Power is the market leader in floating offshore wind technology, with two projects totaling 75 MW operational in Portugal and Scotland. We have another 30 MW in France scheduled to reach financial close in 2021 and are supporting our customers with a multi-GW commercial pipeline globally.
To unlock the full potential of floating offshore wind.
To provide the most competitive, safe, reliable and environmentally friendly floating offshore wind solution.
Integrity, innovation, and sustainability.
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 100 talented people who are committed to developing floating offshore solutions to accelerate the energy transition.
Principle Power was granted NAMEPA’s Marine Environment Protection (MEP) Award for Environmental Innovation.
Principle Power was named one of the TOP 100 Energy Transition Innovator in 2022 by Reuter Events.
High Commendation for Offshore Developer of the Year: "Principle Power certainly deserves recognition for being a market leader in floating offshore technology."
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.
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.”
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.
Bestowed upon Alexia Aubault for her work on the WindFloat 1 floating wind turbine platform prototype.
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.
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 was founded in 2007 to unlock the massive deep water renewable energy potential of the ocean.
Principle Power comprises over 100 talented and passionate people spanning across more than 20 nationalities.
Our commitment to people and the environment.
We take a leadership role in opening markets for, and expanding access to, floating offshore wind energy.
WindFloat® technology is creating new opportunities in offshore wind markets globally.