Alphabet has confirmed the purchase of Intersecta company energy infrastructure and data center solutions providerfor which it will pay $4.75 billion in cash, in addition to assuming its debt.
Google, one of Alphabet’s subsidiaries, already had a minority stake in the company, since it participated some time ago in one of its financing rounds. With the purchase, Alphabet gains weight in energy generation for its infrastructure, in addition to having the capacity to launch data centers more quickly.
The transaction includes Intersect’s top team, as well as various energy and data center projects in development or under construction. In addition, Intersect, building on its current collaboration with Google, will explore different emerging technologies focused on improving and diversifying energy supply. It will also support Google’s investments in data centers in the United States to meet the demand of its customers and cloud users.
When the transaction closes, which will occur in the first half of 2026, Insersect will continue to operate as an independent company, under its own brand and under the direction of Sheldon Kimber. You will collaborate closely with Google’s technical infrastructure team, and will work on various new projects, both already in development and future ones.
These projects include the first co-located data center and power plant already announced by both parties, which is currently under construction in Haskell County, Texas, United States.
Of course, a part of the company is not part of the acquisition. Intersect’s operating assets in Texas, as well as those it has active and under development in California, will not be part of the purchase. These assets will be part of an independent company with the support of various investors that Intersect currently has.
Sundar Pichai, CEO of Alphabet and Googlehighlighted that Intersect will help the company «to expand capacity, operate with greater agility in building new power generation facilities in tune with new data center loads, and reinvent energy solutions to drive American innovation and leadership. We look forward to welcoming Sheldon and the Intersect team«.
Sheldon Kimber, Founder and CEO of Intersectrecalled that the company «has always been focused on bringing innovation to the sector and we hope to accelerate at scale as part of Google. Modern infrastructure is the key to American competitiveness in artificial intelligence. We share Google’s conviction that energy innovation and investment in the community are the pillars of what must come next«.
