floating wind power

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Principle Power Signs MoU with Shipyard HSG Sungdong to Advance Manufacturing of WindFloat® Floating Wind…

Principle Power has signed a non-exclusive Memorandum of Understanding (MoU) with HSG Sungdong to cooperate on engineering developments for mass production and assembly of WindFloat® technologies. The agreement furthers the development of a sustainable domestic supply chain in South Korea and supports the country’s ambition to achieve 14.3 GW of … [continued]

$4 Million Opportunity to Advance Floating Offshore Wind Power

At a bilateral meeting today the U.S. Department of Energy’s (DOE) Wind Energy Technologies Office (WETO) and Innovation Fund Denmark announced an intent to release a $4.2 million opportunity to advance floating offshore wind energy systems toward cost-effective commercialization and wide-scale deployment. This announcement builds on a Memorandum of Understanding between DOE, … [continued]