Principle Power, Inc.

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Principle Power is a global technology and services provider for the offshore deep water wind energy market. PPI’s proven technology, the WindFloat – a floating wind turbine foundation – enables a change in paradigm for the industry and reduces costs and risks for the installation and operations of offshore wind turbines. Principle Power sells the WindFloat as a technology solution and acts as service provider to developers, utilities and independent power producers, being present from development, system design throughout fabrication, installation and commissioning, and providing support to customers during the operation of the platform.

PPI’s mission is to make the WindFloat the most competitive, safe, reliable and environmentally friendly technology for deep-water offshore wind projects while enabling global offshore wind markets to reach their potential.

Commercial advantages facilitated by the WindFloat include:

  • Lower Costs and Risk in installation and operations – WindFloat allows for on-shore platform assembly, offshore turbine installation and major repairs, eliminates the need for specialized and expensive installation vessels, and has minimal environmental and ecological impact to the sea-bed;
  • Location and depth constraint mitigation – WindFloat allows arrays to be optimally located in deep water with varied underwater landscapes, accessing the higher quality wind resources while eliminating negative visual impact.