Alphabet to Acquire Intersect Power for $4.75B to Boost AI Data Center Capacity

Alphabet is acquiring Intersect Power for $4.75 billion to enhance its data center capacity and support AI training. Following an $800 million investment led by Google and TPG Rise Climate, targeting $20 billion by 2030, the deal includes future projects, with existing operations managed separately. Intersect’s renewable-powered data parks are expected to be operational by late next year and completed by 2027. Google will be the primary user.