Principle Power

Eight floating wind turbines on WindFloat® foundations are spinning in Europe, delivering an average of 275 GWh of power to the grid and avoiding  ~115k tCO2eq per year.   With floating wind now poised for global expansion and already a force for decarbonization, the industry has the opportunity to chart a course that minimizes  environmental impact, while maximizing benefits to the environment.   To do this, the industry should account for the environmental impact of these projects across the entire supply chain, including fabrication, installation, transportation, operations, and maintenance, and the decommissioning / end-of-life stages.   Leveraging 15 years’ experience designing and operating floating wind turbines, Principle Power has developed a framework to calculate greenhouse gases (GHG) emissions for current and future projects. This framework allows us to assess the base case impact in the different markets where we operate and identify the levers that can help to decarbonize future floating wind projects.   Learn more in Bilbao with Aaron Smith, Chief Commercial Officer at Principle Power, who will present “Green House Gas (GHG) emissions of a Floating Offshore Wind Farm.”   Save the date: March 20, 3:45 PM (CET).   Learn more: https://lnkd.in/d4SeiivV   WindEurope #300X30 #PrinciplePower #windfloat #renewableenergy #offshorewind #floatingwind #netzero

📈 Floating wind technology is now proven through 15 years of pilot and precommercial deployments. Recognizing the tremendous potential of the deep water wind resource, government worldwide have set ambitious targets for 2030 and beyond.   In 2023 a perfect storm of auction delays, inflation, higher interest rates hit the offshore wind industry, putting these deployment goals at risk. What is preventing us from moving forward and what is needed to get back on track?   Catch up with Aaron Smith at WindEurope Bilbao. Principle Power’s Chief Commercial Officer who will join Clément Weber, Founder and managing director, Green Giraffe Advisory, and Nailia Dindarova, Chief Market Development Officer, BlueFloat Energy, for an exciting session moderated by Lizet R., Senior Analyst, Wind Energy Supply Chain, WindEurope.   Some key recommendations include: 🎯 Centralized floating wind procurement for long-term deployment certainty. ⚖️ Off-take auction criteria that prioritize non-price aspects to foster sustainable supply chains. ➡️ Streamlined permitting process for predictable timelines. 📝 A balance between domestic industrial policies and fair competition 🏗️ Clear public/private port investment strategies for timely infrastructure readiness 🎓 Advanced training programs to secure skilled workforce ensuring a just transition.   Save the date: March 22, 2:00 PM (CET)   Learn more: https://lnkd.in/ejSW78CE   #300X30 #PrinciplePower #windfloat #renewableenergy #offshorewind #floatingwind #netzero

🎉 What better way to celebrate accomplishments than by gathering a few friends to talk about our successes at WindFloat Atlantic?   Thank you, Asociación Empresarial Eólica (AEE), for organizing a visit to Navantia Seanergies’ facilities, where WindFloat Atlantic was assembled, and a roundtable under the “Programa Ejecutivo Eólica Marina” by Escuela de Organización Industrial.   The roundtable showcased the WindFloat Atlantic project from the perspectives of the promoter, foundation and turbine technology, logistics, and fabrication, delving into the work of OW Ocean Winds, Principle Power, Vestas, Autoridad Portuaria de Ferrol-San Cibrao, and Navantia Seanergies.   We were pleased to join this initiative with insights from Maria Clara Moura Santos, Vice President of Operations and Maintenance (O&M) at Principle Power.   WindFloat Atlantic, commissioned off the coast of Portugal in 2020, stands as the world’s first semi-submersible floating offshore wind farm. Deployed with Principle Power’s WindFloat® technology, the project has been delivering clean, renewable energy to 25,000 homes annually. It has also withstood waves reaching a maximum height of 20 meters and wind gusts up to 139 kilometers per hour.   WindFloat Atlantic serves as a benchmark for floating wind projects and provides many lessons that will support future projects. Thank you, all enthusiastic engineers, attending the event. We look forward to the next one!   Learn more on the project: https://lnkd.in/dzX9w-cn   #300X30 #PrinciplePower #windfloat #renewableenergy #offshorewind #floatingwind #netzero

🇺🇸 The Pacific Coast states are progressing in offshore wind energy development: California has secured five lease areas off its coast, accounting for 4.6 GW, in an auction by the Bureau of Ocean Energy Management (BOEM), and Oregon is looking at an additional 2.6 GW of offshore wind power potential.   However, to achieve these goals, these states need to navigate challenges in permitting, supply chains, and grid infrastructure.   To facilitate discussions, the Global Transmission Report is organizing the 2nd annual Offshore Wind Transmission West conference. Seth Price, P.E., Vice President of Technology and Innovation at Principle Power, will speak on how WindFloat® technology is uniquely suited to support the development of a cost-effective and efficient floating wind industry in the United States.   WindFloat® stands out not only for offering proven technology that benefits from Principle Power’s experience across 75 MW projects, but also through its adaptability to the U.S. supply chain context. The technology has been optimized for fabrication, installation, assembly, and operations by incorporating feedback from a diverse range of stakeholders. This enables significant schedule and cost reductions while de-risking projects. Save the date: March 13, 10:50 AM (PST) Join us here: https://lnkd.in/eh_pHyEa #OWTW24 #300X30 #PrinciplePower #windfloat #renewableenergy #offshorewind #floatingwind #netzero

🌐 The United States and Japan entered into a Memorandum of Cooperation in March 2022, covering key areas such as climate change, trade and investment, renewable energy, energy storage, and business exchanges. Following this agreement, Lt. Governor Kounalakis led several trade missions to Japan.   Principle Power has been strongly supporting these initiatives. One example was the California Japan Trade and Investment Forum in March 2023, which promoted discussions with US embassy partners, senior Japanese government officials, and C-suite level Japanese business leaders to strengthen ties between California and Japan.   As we reflect on the progress made by these trade initiatives, it's a moment to celebrate achievements and explore new opportunities for cooperation between the world's third and fourth-largest economies.   Antoine Peiffer, Vice President of Engineering at Principle Power, extends an invitation to join these discussions at the "Building a Sustainable Future: Open Innovation between California and Japan to Tackle Climate Change" event in California.   As a Californian-based company with an established team in Japan, Principle Power has been working to strengthen ties between both nations. Together, we have been working to bring reliable and bankable floating wind technology, such as WindFloat®, and global operating experience, to encourage stakeholders to develop a sustainable floating wind industry in Japan.   Mark your calendars: March 4, 3:00 PM (PST).   Details here: https://lnkd.in/gS7rhVHR Office of the Lieutenant Governor, State of California Tokyo Gas Asia Pte. Ltd. Acario California Governor's Office of Business and Economic Development (GO-Biz), California Energy Commission David Hochschild Dee Dee Myers Japan Society of Northern California #300X30 #PrinciplePower #windfloat #renewableenergy #offshorewind #floatingwind #netzero

🎉 We're excited to unveil that Principle Power is founding member of the new West Coast Supplier Council, launched by Oceantic Network!   This initiative brings together experienced suppliers to help shape state and federal planning and create the conditions to deliver a sustainable new American offshore wind industry.   As a Council member we strongly support the ambition to build 3 GW by 2030 in Oregon and 25 GW by 2045 in California, while enabling long-term economic benefits throughout the U.S. West Coast!   We look forward to collaborating with our customers, stakeholders, and fellow suppliers to ensure that our home market is successful, as we work to realize our vision of a planet powered by floating offshore wind!   Founding members of the West Coast Supplier Council include: Aker Solutions Burns & McDonnell Crowley Wind Services Foss Offshore Wind Hellenic Cables Manson Construction Co. Nexans Principle Power Vestas American Wind Technology   #300X30 #PrinciplePower #windfloat #renewableenergy #offshorewind #floatingwind #netzero

🇺🇸 There are significant challenges for the U.S. West Coast before we can advance to floating wind deployment on a larger scale.   To build 3 GW by 2030 in Oregon and 25 GW by 2045 in California and realize the floating wind potential in this region, we require upgrades to the existing ports and infrastructure to handle major components and scale up sustainably.   Lessons from previous projects, particularly those from the East Coast, can inform future investments and propel the industry forward with ambitious yet achievable targets. How can we leverage experience in supply chain development to deliver these targets on time and within budget?   Join Principle Power’s Vice President of Technology, Seth Price, P.E. at the Floating OSW Port & Vessel Summit organized by Oceantic Network. The panel will bring together experienced OEMs, EPCs, and technology providers for an exciting discussion on "Supplier Perspectives: Laying the Foundations for a Robust West Coast Supply Chain."   Save the date: February 22, 11:35 AM (PST)   Moderator: John Begala, Vice President for Federal & State Policy, Oceantic Network   Speakers: - Michelle Bardini, Public Affairs Manager, Vestas - Seth Price, P.E., Vice President of Technology, Principle Power - Sloane Perras, General Counsel, Foss Offshore Wind   #300X30 #PrinciplePower #windfloat #renewableenergy #offshorewind #floatingwind #netzero

Today, we’re thrilled to announce Principle Power and Aker Solutions have been awarded a FEED contract for Copenhagen Infrastructure Partners's Haewoori Offshore Wind’s 1GW floating wind project in Korea. The country is now well positioned to become the first market in the world to deploy commercial scale floating wind technology.   Jonathan Spink, CEO of Haewoori Offshore Wind said:   “After a robust selection process, we are happy to collaborate with Aker Solutions and Principle Power for the FEED for the delivery of floating structures.”   “Together, we will continue to engage the Korean supply chain to bring the knowledge from real deployment experience, thereby helping Korea to accelerate its floating offshore wind industry, while reducing cost and risk for these first projects.”   #300X30 #PrinciplePower #windfloat #renewableenergy #offshorewind #floatingwind #netzero

🎉 We’re thrilled to welcome Simon Coveney, Minister for Enterprise, Trade and Employment, to the Kincardine Offshore Wind Farm and pleased to be able to show technology that stands ready to accelerate Ireland’s offshore wind industry.   Ireland is targeting 37 GW of installed offshore wind capacity by 2050, which includes deploying 5 GW of offshore wind and an additional 2 GW of floating wind by 2030. To achieve these targets, tight collaboration between state and industry is required to prepare the infrastructure and supply chain needed to deliver these projects.   We are proud to support the government with our most valuable asset: Principle Power’s unparalleled track record and expertise.   Minister Simon Coveney said:   “This visit has been hugely informative in terms of seeing at first hand the technology in operation and hearing from industry experts ahead of publishing our own offshore wind industrial strategy next month.”   Since WindFloat® started operating 13 years ago, it has proven the robustness of floating wind technology in the harsh environments, withstanding winds of ~60 km/hr and waves of 20 meters. Counting 2 MW WindFloat 1 and 25 MW WindFloat Atlantic in Portugal, and the 50 MW Kincardine, WindFloat® projects have produced over 630 GWh of clean, renewable power.   We’re proud to provide Governments worldwide confidence to move to industrial scale through proven technology, state-of-the-art engineering capabilities, and expert support from our Operations & Maintenance (O&M) and Health and Safety teams. This is our how we realize the vision of a planet powered by floating offshore wind! Greg Campbell-Smith John Elcoat #300X30 #PrinciplePower #windfloat #renewableenergy #offshorewind #floatingwind #netzero

🌟 "At the age of 18, I realized that my childhood passion for languages and dancing could lead to something more significant. I dedicated myself to learning two languages, embraced a job opportunity in tourism, and traveled as much as possible. Among the cherished journeys in my life is the one to Cuba. The music touched me deeply, infused with a captivating blend of Hispanic and African influences, that I couldn’t stop dancing. In my current role as the office manager at Principle Power, I have the privilege to engage with people from various countries and envision what it would be like to live by their cultures. But dancing has remained a hobby. Moving forward, I'm considering the idea of hosting dancing classes for my engineering colleagues. At first glance, it may seem like a peculiar challenge for an engineer. But why not? Dancing has the power to spark creativity and infuse people with positivity, fostering innovation."   Audrey POUVATCHY Office Manager   Discover what sets Principle Power apart as an exceptional opportunity for advancing your career and apply to our current open positions today at: https://lnkd.in/dU4tQG45   #PeopleOfPrinciplePower #300X30 #PrinciplePower #windfloat #renewableenergy #offshorewind #floatingwind #netzero