US EditionGoogle buys data center company for $4.75 billion
Alphabet's $4.75 billion acquisition of Intersect will enhance AI data center and energy capacity, supporting Google's $40 billion AI campus expansion in Texas by 2027.
- On Monday, Alphabet announced it will buy Intersect for $4.75 billion, acquiring employees, data-center projects and gigawatts of energy capacity.
- Intersect's model pairs data centers with on-site energy plants to address power strain as AI companies including Google, OpenAI and Microsoft seek more computing and data-center capacity.
- In Texas, the deal could accelerate Google's planned AI campuses in Armstrong and Haskell counties, Texas, where it is investing $40 billion, and Intersect will continue as a separate brand while spinning off some data centers.
- Local residents and officials have voiced resistance to more energy-guzzling data centers, as Minnesota legislators introduced bills this year to regulate energy use and prevent utility cross-subsidies.
- Rare outright buys of energy-and-data companies position Alphabet differently in the AI infrastructure race as regulatory authorities scrutinize Google and rival tech firms invest billions in data centers.
15 Articles
15 Articles
Google just spent $4.75B chasing power for AI data centers
Alphabet is buying energy and data center developer Intersect for $4.75 billion in cash, plus the assumption of debt – a clear signal that securing power, not just servers, has become one of Google’s biggest bottlenecks as AI demand explodes. more…
Alphabet, Google’s parent company, will acquire Intersect, a provider of Data Center solutions and energy infrastructure, for $4.75 billion, plus debt-taking. The operation will allow more Data Centers and power generation capacity to become operational faster, while accelerating energy development and innovation. The acquisition will increase Alphabet’s and Google’s continued commitment to partner with utilities and energy developers across the…
Alphabet, Google's parent company, purchased Intersect Power for $4.75 billion to strengthen the capacity and energy supply of its data centres, in a context of a sharp increase in demand for artificial intelligence (AI). This acquisition, which is expected to be finalized in 2026, aims to accelerate the development of new capacities by linking data centres to on-site energy production, while preserving operational independence.
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