Principle Power and Aker Solutions win US Floating Offshore Wind Readiness Prize to industrialize home-grown WindFloat® technology

29 March 2023

Principle Power and Aker Solutions have been awarded a US Floating Offshore Wind Readiness Prize which will set forth an ambitious vision to establish a sustainable and competitive domestic supply chain ecosystem to deliver floating offshore wind projects in the United States. The FloatHOME Project will leverage the 4th generation, industrialized WindFloat® design to evaluate and compare deployment options, considering the development of advanced, purpose-built fabrication facilities and infrastructure.

The Floating Offshore Wind Readiness (FLOWIN) Prize is the first-ever from the US Department of Energy (DOE) Wind Energy Technologies Office and a three-phase competition aimed at unlocking the 2.8-terawatt potential US floating wind opportunity through the development of cost effective technology and competitive domestic supply chains. The first round of the FLOWIN prize awards $100,000 to winners, who are now eligible to compete in the second phase of the prize.

Principle Power and Aker Solutions have unparalleled experience with series construction of floating wind turbines in Designer, EPCI, Execution Oversite, and O&M roles. Principle Power brings the lessons learned from the WindFloat 1 (2MW), WindFloat Atlantic (25 MW), Kincardine Offshore Wind Farm (50 MW) and now Les Éoliennes Flottantes du Golfe de Lion (30 MW) to this project.

Winning this prestigious award is an important recognition of our leadership in floating offshore wind and deep knowledge of our home market in the United States, which is starting to pick up speed following the recent auctions in California and additional deep water auctions already confirmed in Oregon and Maine.

The FLOWIN prize provides us with an excellent opportunity to collaborate with government, developers, supply chain, and other stakeholders to establish industrialized supply chains that are ready to deliver American-Made WindFloat® projects.

Aaron Smith
Chief Commercial Officer for Principle Power

The US is a strategically important market for Aker Solutions, where we see a huge untapped potential for floating offshore wind.

Aker Solutions and Principle Power bring a unique breadth of capabilities to the sector. At Aker Solutions, we have decades of technical and project experience from deep-water energy projects across the world. Within floating offshore wind, Aker Solutions provides early phase concept studies and consulting, optioneering, supply chain assessments, engineering and fabrication wrapped up in a world-class execution model.

The FLOWIN award provides an opportunity for us to unite our joint capabilities to accelerate the development and deployment of offshore wind solutions at scale, drive further innovation and local investments, whilst contribute to the US ambitions of a decarbonized electricity grid by 2035 and a net zero economy by 2050.

Stephen Bull
EVP of Renewables at Aker Solutions

The primary goal of FloatHOME is to develop a vision and implementation plan for fabrication of the proven WindFloat® technology in the USA in purpose-built, low carbon, advanced manufacturing. The consortium will qualify existing infrastructure and work with the supply chain to develop optimized floating offshore wind project execution plans.

The project will quantify costs, risks, job creation, and environmental tradeoffs of various scenarios, providing valuable information to industry stakeholders such as state and federal government actors, non-governmental organizations, and labor, who will be essential partners in driving the new industrial revolution required to achieve ambitious floating wind targets.

The Biden-Harris administration wants to deploy ambitious 30 gigawatts (GW) of offshore wind by 2030, with 15 GW of floating offshore wind by 2035. Developing supply chains to deliver on these goals is a monumental challenge for the entire floating offshore wind value chain that will require collaboration and coordination between governments, industry, and stakeholders. The FloatHOME consortium will chart a course for how the industry can deliver on these goals, while maximizing benefits to local communities and minimizing carbon footprint in the supply chain.

About Principle Power

Principle Power is a leading global technology and services provider for the floating offshore wind energy market. The WindFloat®, the company’s globally patented and proven 3 column semi-submersible floating platform technology, enables offshore wind turbines to be sited in any deep water depth or seabed condition, unlocking offshore wind potential worldwide and allowing projects to harvest the best wind resources.

Principle Power acts as a trusted partner to developers, independent power producers, utilities, and EPCs, supporting its customers throughout the entire lifecycle of their projects. With 75 MW in operation and 30 MW under construction, as well as a multi-GW commercial pipeline globally, Principle Power is the market leader in floating offshore wind technology.


About Aker Solutions

Aker Solutions delivers integrated solutions, products and services to the global energy industry. The company enables low-carbon oil and gas production and develops renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution, Aker Solutions’ accelerates the transition to sustainable energy production. The company employs approximately 15,000 across more than 50 locations.