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Intersect Power

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Alphabet to Acquire Intersect for $4.75 Billion to Boost Energy and AI Initiatives

Originally Published 20 days ago — by Financial Times

Featured image for Alphabet to Acquire Intersect for $4.75 Billion to Boost Energy and AI Initiatives
Source: Financial Times

Alphabet is acquiring Intersect Power for nearly $5 billion to expand its data center energy capacity and support its AI development efforts, focusing on renewable energy sources and infrastructure to ensure reliable and affordable power for its operations.

Alphabet's $4.75B Acquisition of Data Center and Energy Firm Intersect

Originally Published 20 days ago — by Bloomberg.com

Featured image for Alphabet's $4.75B Acquisition of Data Center and Energy Firm Intersect
Source: Bloomberg.com

Alphabet Inc. is acquiring clean energy developer Intersect Power for $4.75 billion to expand its data center capacity for AI and reinforce its commitment to powering operations with renewable energy, marking a significant move in the tech industry's push for sustainable energy solutions.