Principle Power Revenue and Competitors

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$5.9M

Total Funding

Estimated Revenue & Valuation

  • Principle Power's estimated annual revenue is currently $25.2M per year.(i)
  • Principle Power received $20.0M in venture funding in February 2009.
  • Principle Power's estimated revenue per employee is $210,000
  • Principle Power's total funding is $5.9M.

Employee Data

  • Principle Power has 120 Employees.(i)
  • Principle Power grew their employee count by 14% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$5.4M3841%N/AN/A
#2
$317.1M105637%$5.6MN/A
#3
$1.6M1363%N/AN/A
#4
$149M41593%N/AN/A
#5
$42.7M1894%N/AN/A
#6
$56.6M2453%N/AN/A
#7
$2.4M196%N/AN/A
#8
$5M3620%N/AN/A
#9
$12.3M6586%N/AN/A
#10
$5.2M3737%N/AN/A

Principle Power is a technology developer focused on the deep-water (greater than 40m) offshore wind energy market. Principle Power's enabling product, a floating wind turbine foundation called WindFloat, provides for siting of offshore wind turbines independent of water depth, thus exploiting the world's highest capacity wind resources. Deep-water offshore wind installations, to date, have not been feasible due to economic and technological limitations. Wind energy is recognized around the world as a mature and growing form of reliable renewable energy. Inherently insensitive to commodity markets, wind energy can satisfy global energy demands while maintaining price stability. Historically in the US and worldwide, wind energy's greatest barriers have been visual impact and transmission of energy to load centers. The WindFloat circumvents these historical barriers with an innovative and economic approach. Depth insensitivity allows placement of wind production facilities beyond the horizon while still maintaining direct transmission paths to loads centers via undersea cabling.

keywords:Cleantech,Energy,Finance,Oil & Gas,Solar Power,Wind Power

$5.9M

Total Funding

120

Number of Employees

$25.2M

Revenue (est)

14%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Principle Power News

2022-04-20 - Spain is not an energy island' - Iberdrola slams power market ...

MADRID, April 27 (Reuters) - Global wind power group Iberdrola (IBE. ... rest of Europe's power system, clinched an agreement in principle...

2022-04-20 - The Smart Power of Lithuanian Foreign Policy

The Lithuanian case thus demonstrates how a balance between principles-led and interests-backed foreign policy can ultimately bear fruit after...

2022-04-20 - Aker Offshore Wind: First-Quarter Results 2022

Aker Offshore Wind has agreed to sell part of its share in Principle Power, Inc. to EDP Renovaveis, S.A. and EDP Ventures SGPS (jointly...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$16.9M121N/AN/A
#2
$20.7M12251%$156.5M
#3
$33.8M125-8%N/A
#4
$35M126N/AN/A
#5
$22.1M13016%$64.1M

Principle Power Funding

DateAmountRoundLead InvestorsReference
2008-05-22$2.3MUndisclosedArticle
2009-02-24$20.0MFirstArticle