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Emeryville, California 51–100 employees Wind principlepower.com
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Principle Power
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About Principle Power

Company Overview

Name

Principle Power

Headquarters

Emeryville, California, United States

Founded

2007

Size

Approximately 120 employees (source: rocketreach.co). Revenue estimates for 2023 are around $24.8 million (source: growjo.com).

What They Do

Principle Power is a pioneering renewable energy technology company that specializes in floating offshore wind solutions. The company has developed the WindFloat® platform portfolio, which consists of four modular designs tailored for various site conditions and turbine sizes. This innovative technology allows for the stabilization of wind turbines in deep waters, enabling efficient energy generation even in harsh marine environments. Principle Power's services encompass the entire project lifecycle, from concept design to end-of-life services, ensuring that clients can maximize energy yield while minimizing capital and operational expenditures (source: principlepower.com). The company targets key global floating wind regions, serving a diverse clientele that includes developers, independent power producers, utilities, and engineering, procurement, and construction contractors (source: rocketreach.co). With a focus on innovation, Principle Power has filed 14 patents related to aerodynamics and wind power optimization, further solidifying its position as a leader in the floating wind sector (source: cbinsights.com).

Projects & Track Record

Principle Power has successfully completed several notable projects, including the WindFloat Atlantic (WFA) in Portugal, which features a 25 MW capacity with three turbines. This project became operational in 2020 and has proven the commercial viability of floating wind technology (source: ippjournal.com). Additionally, the company has contributed to a total operational capacity of 75 MW across projects in Portugal and Scotland. Ongoing projects include a 30 MW initiative in France, scheduled for financial close in 2025, and a significant 10 GW under design contract globally, showcasing the company's robust project pipeline (source: principlepower.com). Principle Power collaborates with key clients such as EDP Renewables and Ocean Winds, and its geographic presence spans operational sites in Europe, with expansions into Japan and other Asian markets (source: cbinsights.com).

Recent Developments

In recent years, Principle Power has made significant strides in the floating wind sector, including the confirmation of full operations for the WindFloat Atlantic and ongoing platform deployments in Portugal by 2024 (source: ippjournal.com). The company was recognized as a finalist by the U.S. Department of Energy in May 2024 for its next-generation floating wind platforms, receiving substantial funding to support its innovations (source: cbinsights.com). Furthermore, Principle Power has been awarded High Commendation for Technology Innovation for its WindFloat F flat panel design, reflecting its commitment to advancing floating wind technology (source: principlepower.com).

Working There

Principle Power offers a variety of roles across multiple departments, including engineering, commercial, operations, finance, quality/safety, and human resources. The company employs professionals such as naval architects, project engineers, and project managers, with a strong emphasis on teamwork and exceeding expectations in its corporate culture (source: growjo.com). The headquarters in Emeryville, California, serves as the primary hiring location, alongside international offices in France, Portugal, the UK, and Japan, which support global project needs (source: rocketreach.co). The company prides itself on fostering a creative and passionate work environment, with employees from over 15 nationalities contributing to its diverse workforce (source: principlepower.com).

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