Principle Power, Inc. has announced the merger with Marine Innovation & Technology (MI&T), an offshore engineering consulting firm and long time partner of Principle Power in the development of the WindFloat technology.
Based in Berkeley, CA, MI&T has been the dedicated engineering group for Principle Power, since the inception of the WindFloat concept. The merger of MI&T and Principle Power ensures that all the know-how and key staff members reside under one corporate roof, resulting in increased operational efficiencies. The combined company will have offices in the US (California, Washington, Oregon), UK, France, and Portugal. Additionally, Principle Power has appointed a new President and Chief Executive Officer, Mr. Joao Metelo. Mr. Metelo brings over 15 years of experience in the power and renewables industry, leveraging his previous experience as COO, CFO and other senior roles in financial areas such as M&A, Financing, and Strategic Planning. The former CEO and co-founder of Principle Power, Ms. Alla Weinstein, will be moving on to pursue new endeavours.
