Authenticate with Service Principal - Error

[MarchingBug]

Running this script:

$applicationid ="xxxxxxx"
$principalPassword = ConvertTo-SecureString "xxxxx" -AsPlainText -Force
$psCred = New-Object System.Management.Automation.PSCredential($applicationid, $principalPassword)

Connect-PowerBIServiceAccount -ServicePrincipal -Credential $psCred

Keep getting this error:

Connect-PowerBIServiceAccount : One or more errors occurred.
At line:23 char:1

• Connect-PowerBIServiceAccount -ServicePrincipal -Credential $psCred

•   + CategoryInfo          : WriteError: (Microsoft.Power...IServiceAccount:ConnectPowerBIServiceAccount) [Connect-PowerBIServic 
   eAccount], AggregateException
    + FullyQualifiedErrorId : One or more errors occurred.,Microsoft.PowerBI.Commands.Profile.ConnectPowerBIServiceAccount
  

[MarkusSacramento86]

$username = "name.surname@domain.com"
$password = "Encrypted password"
$cred = New-Object -TypeName System.Management.Automation.PSCredential -argumentlist $username,($password | ConvertTo-SecureString)
Login-PowerBI -Credential $cred