Google parent company Alphabet has announced a definitive agreement to acquire data centre and energy infrastructure solutions provider Intersect Power for US$4.75 billion in cash.
The company said the acquisition will accelerate the rollout of data centre and generation capacity while supporting faster energy development and innovation. Tech giant Google already owns a minority stake in the company. The deal is expected to close in the first half of 2026.
“Intersect will help us expand capacity, operate more nimbly in building new power generation in lockstep with new data center load, and reimagine energy solutions to drive US innovation and leadership. We look forward to welcoming Sheldon and the Intersect team,” said Sundar Pichai, CEO of Google and Alphabet.
Intersect will continue to operate as a standalone business under the Intersect brand, led by CEO Sheldon Kimber, and will work closely with Google’s technical infrastructure team on existing and new joint projects, including a co-located data centre and power site under construction in Haskell County, Texas.
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Intersect’s operating assets in Texas and its operating and in-development assets in California are excluded from the transaction and will remain under independent ownership, backed by existing investors TPG Rise Climate, Climate Adaptive Infrastructure and Greenbelt Capital Partners.
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