About Principle Power
Principle Power is an Energy & Utilities company based in Emeryville (United States) founded in 2007. Floating platforms for offshore wind turbines are designed and provided. Principle Power has raised $24.3 million across 8 funding rounds from investors including Aker Solutions, European Union and OSTI.GOV. Its chief executive, as recorded, is Alla Weinstein. Its focus areas include Energy Tech, Renewable Energy Tech, Wind Energy and Offshore.
Company details
Principle Power was founded in 2007 and is based in Emeryville, United States. Offshore wind turbine floating systems are developed, focusing on the WindFloat semi-submersible platform, which operates independently of water depth or seabed conditions. Project development, design, and inspection services are also offered to support deployment in the renewable energy sector. Operations emphasize turbine-agnostic solutions for global offshore applications.
- Headquarters Emeryville, United States
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website principlepower.com
- Social LinkedIn X Facebook
- Annual Revenue$1.39 M (USD)295as on Dec 30, 2022
- Net Profit$299.49 K (USD)21as on Dec 30, 2022
- Total Equity Funding$24.3M (USD)
in 8 rounds
- Latest Funding Round$22M (USD), Series B
May 2020
- InvestorsAker Solutions
& 3 more
Funding Insights of Principle Power
Principle Power has successfully raised a total of $24.3M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $22 million completed in May 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $24.3M
- Total Rounds 8
- Last Round Series B — $22M
- First Round $2.3M
(May 2008)
- Investors Count 4
All 8 funding rounds of Principle Power with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2020 | $22M | Series B | – | – | – |
| Jan 2020 | $380,429 | Grant | – | – | |
| May 2018 | $1.62M | Grant | – | – | |
| Feb 2018 | Series A | – | – | ||
| Nov 2015 | Series A | – | – | ||
| Mar 2010 | $2.72M | Grant | – | – | |
| Jan 2010 | $2.72M | Grant | – | – | |
| May 2008 | $2.3M | Seed | – | – | – |
4 investors in total: 4 institutional.
Investors in Principle Power
Principle Power has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Aker Solutions, European Union and OSTI.GOV.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| edpstarter.com | ||||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | Oak Ridge, United States | ||
Diversified solutions for oil and gas operations are provided worldwide. | 1841 | akersolutions.com | Oslo, Norway |
Investor details for Principle Power
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Principle Power
40 people are tracked at Principle Power (10 in leadership, 30 in team).
| Name | Role | Group |
|---|---|---|
Alla Weinstein | CEO | Leadership |
Cristina Alves Pereira | Head Of Fp&a And Controlling | Leadership |
Greg Campbell-Smith | Commercial Vice President | Leadership |
Julian Arrillaga Costa | CEO | Leadership |
Carlos Bicho | Deputy Vice President | Engineering | Leadership |
Fausta Amaral | Vice President, People | Leadership |
Paula Cristina Rosa | Chief Financial Officer | Leadership |
Mathijs van den Berg | Head Business Transformation | Leadership |
Seth Price, P.E. | Vice President Of Technology | Leadership |
Stephane Bensoussan | Head Of Operational Technology | Leadership |
Moustafa Ibrahim | Mooring and Cable Engineer | Team |
Chisa Koiwa | Project Manager | Team |
Samy Aribaud | Marine Systems Engineer | Team |
Gaetan Labi | Senior Mooring and Cable Engineer | Team |
Bradley A Ling | Senior R&D Engineer | Team |
José Pedro Tiago | Senior Mooring & Cables Engineer | Team |
Ao Zhang | Business Developer | Team |
Teresa Hazel | Portfolio Planner - Business Transformation | Team |
Jean Claude Messager | Engineering Project Manager | Team |
David Codina | Lead Commissioning Engineer | Team |
20 more people are available in the full profile.
Complete people profiles for Principle Power
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Timeline of Principle Power
3 dated milestones of Principle Power across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Principle Power is founded.
- Funding First funding round of $2.3M.
- Funding Latest funding round, Series B, of $22.0M.
Web traffic of Principle Power
The website of Principle Power (principlepower.com) receives about 2.2K visits a month.
- Monthly visits2.2K
▼ 57.6% vs previous month
Websites whose visitors overlap most with Principle Power. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| statkraft.co.uk | 100% | 8.6K | #2,539,234 | View details | |
| windpowermonthly.com | 79% | #876,723 | View details | ||
| offshorewind.biz | 76% | #292,627 | View details | ||
| power-technology.com | 76% | 180.9K | #266,190 | View details |
Top companies in Renewable Energy Platforms
3 companies that operate in the same segment as Principle Power (Renewable Energy Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Solar panel tracking software is provided for monitoring and control. | 2013 | Fremont, California, United States | USD 42.63 M | USD 3.56 B | 1,300 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Frequently Asked Questions about Principle Power
Principle Power was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Principle Power is headquartered in Emeryville, United States. It is registered at Emeryville, California, United States.
Alla Weinstein is the CEO of Principle Power, as recorded in our data.
Principle Power is a funded company, having raised a total of $24.3M across 8 funding rounds to date. The company's 1st funding round was a Seed of $2.3M, raised on May 2008.
Annual revenue of Principle Power is $1.39M as on Dec 30, 2022.
Principle Power was founded in 2007 and is based in Emeryville, United States. Offshore wind turbine floating systems are developed, focusing on the WindFloat semi-submersible platform, which operates independently of water depth or seabed conditions. Project development, design, and inspection services are also offered to support deployment in the renewable energy sector. Operations emphasize turbine-agnostic solutions for global offshore applications.
Principle Power has 4 investors. Key investors include Aker Solutions, European Union, OSTI.GOV, and EDP Starter.