- The deal strengthens Alphabet and Google’s ability to bring new data center and power capacity online at scale.
- Intersect team and multi-gigawatt project pipeline to support growing cloud and digital infrastructure demand.
- Transaction reinforces focus on energy innovation and grid aligned infrastructure development.
Google’s holding company, Alphabet, has announced a definitive agreement to acquire Intersect, a provider of data center and energy infrastructure solutions, for 4.75 billion dollars in cash plus the assumption of debt. Google already holds a minority stake in Intersect following a previously announced funding round.
The acquisition is expected to accelerate the delivery of new data center and power generation capacity, supporting rising demand for cloud services while enabling faster energy development and innovation. Intersect brings a highly experienced team and multiple gigawatts of energy and data center projects that are either under construction or in development through its existing partnership with Google.
As part of the transaction, Intersect will explore a range of emerging technologies aimed at increasing and diversifying energy supply. These efforts will support Google investments in United States data centers while aligning power generation more closely with customer and user demand.
Intersect will continue to operate as a separate business under its existing brand and will be led by founder and chief executive officer Sheldon Kimber. The company will work closely with Google technical infrastructure teams on current and future joint developments, including the first co located data center and power site being built in Haskell County, Texas.
Certain operating assets will remain outside the transaction. Intersect assets in Texas, as well as operating and in development projects in California, will continue under an independent company backed by TPG Rise Climate, Climate Adaptive Infrastructure and Greenbelt Capital Partners. Customers of these assets are expected to experience uninterrupted service.
Sundar Pichai, chief executive officer of Google and Alphabet, said the acquisition would help expand capacity and improve agility in delivering new power generation alongside growing data center loads. He added that the partnership would support the rethinking of energy solutions to strengthen innovation and leadership.
Sheldon Kimber said Intersect has always focused on industry innovation and looks forward to accelerating that mission at scale as part of Google. He noted that modern infrastructure is central to competitiveness in artificial intelligence and that energy innovation and community investment will be critical going forward.
The acquisition supports Alphabet broader strategy to work with utilities and energy developers to unlock reliable and affordable energy supply without increasing costs for grid customers. The company is advancing new pathways for energy development, including advanced geothermal, long duration energy storage and gas generation combined with carbon capture and storage.
Alphabet is also applying artificial intelligence to speed up grid connections for new power plants and to scale energy efficiency and affordability programmes in communities hosting data centers, reinforcing the link between digital infrastructure growth and sustainable energy systems.
Author: Bryan Groenendaal
