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Principle Power

company

About

Principle Power offers wind installations for the deep-water, offshore wind energy market.

  • 11 - 50

Highlights

Total Funding Amount
$3.60M
Funding Rounds
1
Investors
1

Details

Last Funding Type
Grant
Last Funding Money Raised
$3.60M
Industries
Energy,Water,Wind Energy
Founded date
Jan 1, 2007
Number Of Employee
11 - 50
Operating Status
Active

Principle Power is focused on the deep-water offshore wind energy market. Deep-water (depth greater than 50 meters) offshore wind installations have neither been viable nor feasible due to economic and technological limitations.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$3.60M
Principle Power has raised a total of $3.60M in funding over 2 rounds. Their latest funding was raised on Sep 26, 2019 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 26, 2019 Grant $3.60M 1 US Department of Energy — Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Principle Power is funded by 1 investors. US Department of Energy are the most recent investors.
Investor Name Lead Investor Funding Round
US Department of Energy Yes Grant
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