Alphabet has entered into a definitive agreement to acquire Intersect, a provider of data center and energy infrastructure solutions, for $4.75 billion, along with the assumption of debt. Google already holds a minority stake in Intersect from an earlier funding round. The transaction is designed to accelerate the delivery of new data center and power generation capacity, aligning energy development with rising demand from Google Cloud customers and users.
As part of the deal, Alphabet will gain Intersect’s development pipeline, including multiple gigawatts of energy and data center projects that are either under construction or in advanced development through its partnership with Google. Intersect will continue to operate under its existing brand and leadership, with Founder and CEO Sheldon Kimber remaining at the helm.
The companies will work closely on joint infrastructure projects, including a co-located data center and power site currently being built in Haskell County, Texas. Certain Intersect assets in Texas and California will remain outside the transaction and continue operating independently with existing investors. Commenting on the deal, Alphabet and Google CEO Sundar Pichai said, “Intersect will help us expand capacity, operate more nimbly in building new power generation in lockstep with new data center load, and reimagine energy solutions to drive US innovation and leadership.” Sheldon Kimber added, “Modern infrastructure is the linchpin of American competitiveness in AI.” The deal is subject to customary closing conditions and is expected to close in the first half of 2026.
