Google Acquisition of Intersect Power

awarded

Google's parent company Alphabet is acquiring Intersect Power, a U.S.-based data center and energy infrastructure developer, for $4.75 billion. The acquisition includes Intersect Power's portfolio of in-development and under-construction energy generation and data center-related projects, representing several gigawatts of capacity. The deal aims to secure large-scale, clean energy supplies for Google's expanding data center footprint, supporting AI-driven data demand. Intersect Power will continue to operate as a separate entity, excluding its existing operating assets in Texas and California, which remain independently owned. The acquisition will enable joint developments, including a colocated data center and energy project under construction in Haskell County, Texas.