Seattle-based offshore deep-water wind energy company Principle Power has secured $3.6 million in grant funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 26 and financed by the U.S. Department of Energy.
According to its Crunchbase profile, "Principle Power is focused on the deep-water offshore wind energy market."
The 12-year-old company has raised four previous funding rounds, including a seed round in 2014.
The round brings total funding raised by Seattle energy companies over the past 90 days to $8.7 million. The local energy industry has produced 11 funding rounds over the past year, raking in a total of $61 million in venture funding.
In other local funding news, Barn2Door Inc., a technology platform for farmers, announced a $3.4 million Series A funding round on Oct. 4.
According to Crunchbase, "Barn2Door helps farmers save time and grow sales by managing inventory online and automating orders across web, social, mobile and email."
Founded in 2015, the company has raised two previous rounds, including a $510,000 round in 2017.