Energy
Google Acquires Clean Energy Firm Intersect Power for $4.75 Billion
Google has acquired renewable energy developer Intersect Power in a $4.75 billion deal that includes debt assumption, securing a major source of clean electricity for its AI data center expansion.
Key Takeaways
- Google acquired renewable energy developer Intersect Power for $4.75 billion including assumed debt
- The deal gives Google direct ownership of utility-scale solar and battery storage assets to power its AI infrastructure
- Technology companies are increasingly acquiring rather than contracting for clean energy as AI power demand surges
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DT Editorial AI··via energymonitor.ai