Principle Power is a technology developer focused on the intermediate and deep-water depth (greater than 40 meters) offshore wind energy market. To date, offshore wind installations in these water depths have neither been viable nor feasible due to economic and technological limitations. Principle Power’s product, the WindFloat, is a floating foundation for wind turbines which enables siting independent of water depth, thus exploiting the world’s highest capacity wind resources. The design is patented, with Principle Power Inc. owning the WindFloat patent and trademark. Principle Power sells WindFloat systems (foundation and ANY offshore wind turbine) directly to project developers and municipal or investor owned utilities. The WindFloat enables these end-users access to deep-water offshore wind resources and ease of delivery to high demand coastal load-centers. In addition, Principle Power provides design, and maintenance services to WindFloat-equipped power projects and can opportunistically license the technology when needed.

Country: USA

Organization Type: Company

Organization Size: 11-25

Areas of Activities