Principle Power and Aker Solutions Win Environmental Leadership Award

San Diego, California, November 12, 2018 - The Maritime Alliance, a California-based non-profit organization that promotes sustainable, science-based ocean and water industries, has presented this year’s Environmental Leadership Award to Aker Solutions and Principle Power in recognition of the companies’ efforts in promoting offshore renewable energy and their collaborative approach to development.

The award was received in San Diego, California, during the 10th Annual BlueTech Week, an international exhibition and conference where over 550 senior international participants from academia, industry and government gather to highlight collaboration and innovation in sustainable ocean and water technologies.

“Being recognized at BlueTech Week alongside our partner, Principle Power, with this award signifies the important value of the work we are doing,” said Astrid Onsum, Head of Wind at Aker Solutions. “We look forward to continuing our good work together as we forge a sustainable future with offshore wind solutions.”

“We are proud to receive this award from the Maritime Alliance, alongside our partner Aker Solutions,” said Joao Metelo, CEO of Principle Power. “The Environmental Leadership Award recognizes the innovative and collaborative approach we have taken together and that we believe results in the best outcomes for industry expansion and for meeting the UN’s Sustainable Development Goals.  We appreciate TMA’s great work and thank them for this tremendous acknowledgment.”

Aker Solutions and Principle Power both participated in several areas of the week-long event. The theme for the conference this year was ‘United Nations Sustainable Development Goals - Industry Solutions’, with specific areas of focus including Marine Debris Solutions, Maritime Robotics, Water/Wastewater Technologies, Workforce Development, and Offshore Renewable Energy, the main interest area for both companies.

Principle Power has been working in the renewable energy industry for more than 10 years and is a development, technology and services provider to the offshore wind industry. Principle Power’s innovative technology, WindFloat, is a proven deepwater offshore floating wind turbine foundation with a simple, economic and patented design. WindFloat has been deployed for offshore wind projects off the coasts of Portugal and Scotland and is featured in projects under construction and development around the world.

Aker Solutions’ offering covers the entire lifecycle of an offshore wind farm, including planning, installation, commissioning, operations and maintenance services. The company has more than 40 years’ experience designing, delivering and servicing offshore floating structures and power systems.

In addition, Aker Solutions’ leading position in the global umbilical market and its in-house cable and umbilical capabilities can be leveraged to meet wind farm development needs. Earlier this year, Aker Solutions invested in Principle Power and formed a strategic alliance to help advance floating solutions for offshore wind, reducing costs and risks for developments in order to spur further growth in the sector.

About Principle Power
Principle Power, founded in 2007, and is a development, technology and services provider to the offshore wind industry. Principle Power’s innovative and proven technology, the WindFloat – a floating wind turbine foundation – provides access to transitional and deep-water offshore wind sites. By simplifying the way offshore wind is deployed, this unique technology assists the ongoing development of the offshore wind industry as whole, opens new deep water markets, and has the potential to substantially decrease the cost and risk profile of offshore wind projects. Principle Power, with offices in the USA, France and Portugal, sells the WindFloat as a technology solution and acts as a service provider to developers, independent power producers, and utilities engaged in the rapidly expanding global offshore wind market. 

About Aker Solutions
Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy and use our expertise to develop the sustainable solutions of the future. Aker Solutions employs approximately 14,000 people in more than 20 countries.