tech

December 22, 2025

Alphabet to buy Intersect Power to bypass energy grid bottlenecks

Alphabet is set to pay $4.75 billion in cash, plus debt, for the data center and clean energy developer.

Alphabet to buy Intersect Power to bypass energy grid bottlenecks

TL;DR

  • Alphabet is acquiring Intersect Power for $4.75 billion in cash and assumed debt.
  • The acquisition will enhance Alphabet's power generation capacity for data centers supporting AI development.
  • Alphabet previously held a minority stake in Intersect Power.
  • The deal covers Intersect's future projects, excluding existing operations.
  • New data parks are planned to be operational by late next year and completed by 2027.
  • Intersect's campuses are designed to host other companies' AI chips alongside Google's.
  • The transaction is expected to close in the first half of next year.

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