Alphabet Acquires Intersect Power in $4.75B Deal to Secure AI Data Center Energy Supply

Alphabet has agreed to acquire Intersect Power, a clean energy and data center developer, for $4.75 billion in cash while assuming the company’s outstanding debt, strengthening its ability to power large-scale AI infrastructure. The transaction enables Google’s parent company to pair new data centers directly with renewable energy generation, reducing reliance on constrained local power grids as AI compute demand accelerates.

Alphabet previously held a minority stake in Intersect Power following an $800 million strategic investment led by Google and TPG Rise Climate, which set a long-term $20 billion investment ambition through 2030. The acquisition includes Intersect’s future development pipeline but excludes its existing operating assets, which will be separated under new ownership.

Intersect’s renewable-powered data parks are expected to begin operations in late 2026, supporting Alphabet’s expanding AI workloads.

Need Deeper Intelligence on the AI Market?

AI Insider's Market Intelligence platform tracks funding rounds, competitive landscapes, and technology trends across the global AI ecosystem in real time. Get the data and insights your organization needs to make informed decisions.

Related Articles

Microsoft’s Latest AI Economy Institute Fellows to Look at Frontier AI Firms and the Transformation of Work

Insider Brief Microsoft’s AI Economy Institute will study how artificial intelligence is being adopted across firms, industries and communities. According to Microsoft, the new cohort

a computer circuit board with a brain on it
How AI Token Supply Shapes Prices and Investor Returns

The economics of artificial intelligence are increasingly being written in a currency most investors have never priced before: the token. As enterprises push generative AI

a person's head with a circuit board in front of it
SambaNova Secures $1B at $11B Valuation, Lands JPMorgan Chase as Inference Partner

SambaNova Systems, an AI chip company based in Palo Alto, has raised $1 billion at an $11 billion valuation in the first close of its

Stay Updated with AI Insider

Get the latest AI funding news, market intelligence, and industry insights delivered to your inbox weekly.

$ 0 M

Seed round tracked

Gitar — Code Validation

Get the Weekly Briefing

Funding analysis, market intelligence, and industry trends delivered to your inbox every week.

Need bespoke intelligence?

Our team combines real-time data with decades of sector experience to guide your decisions.

Subscribe today for the latest news about the AI landscape