US EditionAlphabet Buys Energy Startup Intersect For $4.75 Billion To Fuel AI Growth
Alphabet will acquire Intersect Power for $4.75 billion to secure energy for AI data centers amid rising U.S. grid demand, leveraging projects with multiple gigawatts in development.
- On Monday, Alphabet Inc. agreed to buy Intersect Power LLC for $4.75 billion in cash plus debt to secure electricity for AI data centers.
- Pressure from surging AI demand and electrification strains aging U.S. power grids, while Alphabet had taken a minority stake and partnered with Intersect Power LLC last year.
- In Texas, a co-located data center and power site is included, with Intersect Power LLC having about $2.1 billion of energy assets and multiple gigawatts of projects.
- After closing, Alphabet will allow Intersect Power LLC to operate independently with Sheldon Kimber remaining CEO, and the companies expect the deal to close in the first half of next year.
- The partnership earlier envisioned catalyzing $20 billion in renewables investment this decade, while local communities have pushed back over rising electricity bills as data centers are likened to AI factories.
48 Articles
48 Articles
Google's parent buys data center energy specialist for $4.75B to help power AI
MOUNTAIN VIEW, Calif. — Google's corporate parent on Dec. 22 announced an agreement to buy a data center energy specialist for $4.75 billion as part of its effort to secure the vast amounts of electricity needed to power artificial intelligence…
Alphabet buys Intersect to power AI growth
KEY TAKEAWAYS: Alphabet agreed to buy data center energy firm Intersect for $4.75 billion Deal aims to secure electricity supplies for AI-driven data center expansion Intersect will operate independently after the acquisition closes Rising power demand from AI data centers is fueling community cost concerns Google‘s corporate parent on Monday announced an agreement to buy data center energy specialist Intersect for $4.75 billion as part …
The agreement between Alphabet and Intersect Power will be functional to power with clean energy the big tech data centers fundamental for the development of artificial intelligence
Google parent Alphabet to acquire energy firm Intersect for $4.75 bn amid AI data centre push—details about the deal
The deal between Google's parent company and Intersect comes amid a push by Big Tech to invest in energy firms, with power grids in the US struggling to keep pace with generative AI's increasing energy demands. Alphabet said that the deal was expected to be closed by the first half of 2026.
Coverage Details
Bias Distribution
- 48% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
