Company Overview (abstract):
Principle Power targets the rapidly maturing offshore wind sector by eliminating current deep-water limitations with an innovative solution. WindFloat, conceived by Marine Innovation & Technology and exclusively licensed by Principle Power, is a floating foundation for offshore wind turbines with a simple, elegant and patented design. The innovative features of the WindFloat dampen wave and turbine motion, enabling wind turbines to be sited in previously inaccessible locations with superior wind resources. Multiple project proposals are being submitted for pilot and utility-scale development.