Alphabet Acquires Clean Energy Developer Intersect for $4.75B

Alphabet acquires clean energy developer Intersect for $4.75B

The acquisition follows a prior partnership between Google and Intersect and represents a new tactic the tech giant’s parent company is adopting in its decarbonization strategy.

Google acquires Intersect Power for nearly $5 billion

Google is set to acquire solar and storage developer Intersect Power, arming itself with the tools to bypass grid bottlenecks and build the projects that will power its AI data centers.From pv magazine USA Alphabet Inc. (Google) has entered a definitive agreement to acquire Intersect Power, a California-based developer of utility-scale solar and battery energy storage systems. The transaction totals approximately $4.75 billion in cash and the as…