POWER Magazine•4 days ago
Alphabet Buying Clean Energy Developer to Support Data Centers
Key Takeaway
Large technology companies are increasingly acquiring clean energy developers to directly power their growing data center loads, indicating a strategic shift in how major consumers secure their energy supply.
AI Summary
- •Alphabet (Google's parent) is acquiring clean energy developer Intersect for $4.75 billion in cash, plus assumed debt.
- •The acquisition is specifically aimed at supporting Google's data center operations with clean energy and infrastructure solutions.
- •This M&A activity signals a growing trend of large power consumers directly acquiring clean energy development capabilities to secure their energy supply and meet sustainability goals.
Topics
datacenterm&asolarstoragewind
Article Content
Alphabet, the parent of technology giant Google, has announced a definitive agreement to acquire Intersect, which provides data center and energy infrastructure solutions, for $4.75 billion in cash, plus the assumption of debt. Google already owns a minority stake in Intersect from a previously announced funding round. The post Alphabet Buying Clean Energy Developer to Support Data Centers appeared first on POWER Magazine .