Google is set to acquire U.S.-based data center and energy infrastructure developer Intersect Power for $4.75 billion, deepening the tech giant’s push to secure large-scale, clean energy supplies for its rapidly expanding data center footprint.
Under the deal, Google’s parent company Alphabet will purchase Intersect Power’s entire portfolio of in-development and under-construction assets, which together represent several gigawatts of energy generation and data center-related projects. The acquisition reflects growing pressure on hyperscalers to align new data center capacity with reliable, long-term power generation as artificial intelligence workloads drive unprecedented demand.
Google chief executive Sundar Pichai said the acquisition would strengthen the company’s ability to expand capacity while synchronizing new power generation with data center growth. He added that the deal would help reimagine energy solutions to support U.S. innovation and leadership, signaling the strategic importance of infrastructure control as competition in AI intensifies.
Intersect Power will continue to operate as a separate entity following the acquisition, according to the companies. Its existing operating assets in Texas, as well as its operating and in-development projects in California, are excluded from the transaction and will remain under independent ownership. Those assets will continue to function separately from Alphabet and Google.
After the deal closes, Intersect is expected to explore emerging energy technologies to expand and diversify its power supply. Founder and chief executive Sheldon Kimber will remain at the helm of the company, which will work closely with Google’s technical infrastructure team on new and ongoing joint developments. These include a previously announced colocated data center and energy project currently under construction in Haskell County, Texas.
Kimber said joining forces with Google would allow Intersect to accelerate innovation at scale, describing modern infrastructure as critical to U.S. competitiveness in artificial intelligence. He added that both companies share the view that energy innovation and community investment will be central to the next phase of growth.
Intersect Power is a clean energy developer with a portfolio of about 2.2 gigawatts of operating solar capacity and 2.4 gigawatt-hours of battery storage either operating or under construction, primarily in Texas and California. The company first partnered with Google last year to develop colocated renewable energy and storage projects tied directly to new data center campuses.
As part of that earlier partnership, Intersect agreed to build clean energy assets with Google acting as the primary offtaker, anchoring new data center developments and colocated industrial parks. Google has said it plans to deliver gigawatts of additional data center capacity across the United States through the collaboration, underlining how access to power has become a defining constraint — and competitive advantage — in the race to scale AI infrastructure.
