Alphabet, Google’s parent company, announced that it has signed an agreement to acquire Intersect, a company providing data center and energy infrastructure solutions, for $4.75 billion in cash, along with the assumption of existing debt.
In its statement, Alphabet noted that the acquisition will enable faster deployment of additional data center and generation capacity, while also accelerating energy development and innovation processes.
Acquisition Details Shared
The company reminded that Google already holds a minority stake in Intersect. As part of the agreement, Intersect’s world-class team, along with its energy and data center projects, will join Alphabet.
It was stated that Intersect will continue developing new technologies to increase and diversify energy supply, supporting Google’s data center investments in the United States. These investments are aimed at meeting growing Cloud customer needs and user demand.
Artificial Intelligence and Data Center Demand Come to the Fore
The deal stands out as part of Alphabet’s strategy to meet the rising energy needs of its AI-powered data centers. It is considered one of Alphabet’s largest acquisitions in this field.
Google and Alphabet CEO Sundar Pichai said that Intersect will contribute to the development of energy generation facilities aligned with new data center workloads.
Operations to Continue Under a Separate Brand
According to the announcement, Intersect will continue operating under the “Intersect” brand, independently from Alphabet and Google. The company will maintain close collaboration with Google’s technical infrastructure teams.
It was also noted that certain existing operating assets in Texas, as well as some operating and development-stage assets in California, are excluded from the acquisition. These assets will continue operating as an independent company with the support of existing investors. Subject to customary closing conditions, the transaction is expected to be completed in the first half of 2026.
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