About Principle Power
Principle Power is a company based in Emeryville (United States) founded in 2007. Principle Power has raised $24.3 million across 8 funding rounds from investors including Aker Solutions, European Union and OSTI.GOV. Principle Power operates in a competitive market with competitors including X1 Wind, BW Ideol, SeaTwirl, Triton Anchor and Wind Catching Systems, among others.
- Headquarter Emeryville, United States
-
Sectors
Energy & Utilities
-
Phone
Locked
-
Website
Locked
-
Social
Locked
-
Annual Revenue
$1.39 M (USD)295as on Dec 30, 2022
-
Net Profit
$299.49 K (USD)21as on Dec 30, 2022
-
EBITDA
Not available
-
Total Equity Funding
$24.3 M (USD)
in 8 rounds
-
Latest Funding Round
$22 M (USD), Series B
May 27, 2020
-
Investors
Aker Solutions
& 3 more
-
Employee Count
Not available
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
People of Principle Power
Unlock access to complete
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.
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 |
|---|---|---|---|---|
|
-
|
Locked | Locked | Locked | |
|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
|
Locked | Locked | Locked | |
|
Scientific and technical information is managed and disseminated by OSTI.GOV.
|
Locked | Locked | Locked |
Investor details for Principle Power
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Principle Power
Investment portfolio details for Principle Power
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Principle Power
Detailed financials for Principle Power
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Principle Power Comparisons
Peer comparison for Principle Power
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Principle Power
Principle Power operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as X1 Wind, BW Ideol, SeaTwirl, Triton Anchor and Wind Catching Systems, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Provider of offshore floating wind platform for the wind energy sector
|
|
| Locked | Locked | Locked |
Floating offshore wind energy platforms are provided for renewable projects.
|
|
| Locked | Locked | Locked |
Vertical axis offshore wind turbine developer
|
|
| Locked | Locked | Locked |
Provider of offshore wind anchor
|
|
| Locked | Locked | Locked |
Offshore wind floating systems are provided for renewable energy projects.
|
Detailed competitors of Principle Power
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Principle Power
Complete news archive for Principle Power
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 current CEO of Principle Power.
Principle Power is a funded company, having raised a total of $24.3M across 8 funding rounds to date.
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.