Entrepreneur of the month: Principle Power
By: Daniela Portugal
We will get to know some of the startups that are part of our ecosystem. This time, the protagonist is Principle Power, who sell the WindFloat as a technology solution and act as service provider to developers, utilities and independent power producers. Do you want to discover who is behind this innovative project? We have spoken with Felipe Drukaroff, CFO at Principle Power.
Priniciple Power: “Our solution is a semi-submersible offshore turbine and water depth agnostic. When you think about the Earth’s surface, where there is no land, just water, 80% of it is more profound than 40 meters. And that is where our innovation can operate, in deeper waters”
Our solution is a semi-submersible offshore turbine and water depth agnostic. When you think about the Earth’s surface, where there is no land, just water, 80% of it is more profound than 40 meters. And that is where our innovation can operate, in deeper waters. Regarding the turbines, we work with any turbine manufacturer and can accommodate any size of the turbine. Our technology allows us to assemble the turbine on top of the structure onshore, so you can use conventional trains and then turn the turbine with a regular boat. In terms of production cost, it is very efficient.
What needs were you trying to fill when the company was created?
We have patented and proven our technology, the WindFloat, that will enable floating offshore wind at a utility-scale production in a cost-efficient manner. How do we do that? It is a semi-submersible technology - a concept already used in the oil and gas industry– with adaptation to wind energy.
It's water depth agnostic, so you can place it in different geographies, and can put any commercial turbine on top of it. A lot of the manufacturing and installation can be done onshore and that reduces the costs tremendously.
We already have 100 megawatts, which is a start. They are going to be produced by 2022. Some of those are already hooked to the grid. That is a great showcase of the success of the technology. Whether the industry will go with ours or others, we will see. We are well-positioned to be part of this transformation.