Wedoany.com Report-Jan.1, Alphabet, the parent company of Google, has entered into a definitive agreement to acquire Intersect, a provider of data center and energy infrastructure solutions. The announcement was made on December 22, 2025, from Mountain View and San Francisco, California. The transaction is valued at $4.75 billion in cash, plus the assumption of debt.

Alphabet is employing AI tools to assist with faster integration of new power plants into the grid.

This acquisition will enable more data center and generation capacity to come online more quickly while accelerating energy development and innovation. It includes Intersect’s portfolio of energy and data center projects currently in development or under construction through its partnership with Google.

Upon completion, Intersect will continue to operate independently under its own brand, led by founder and CEO Sheldon Kimber. The company will maintain a close working relationship with Google’s technical infrastructure team on ongoing and future projects, including their first co-located data center and power site under construction in Haskell County, Texas.

Alphabet already holds a minority stake in Intersect from an earlier funding round. The deal excludes Intersect’s existing operating assets in Texas, as well as its operating and in-development assets in California. These will remain with a separate entity supported by existing investors TPG Rise Climate, Climate Adaptive Infrastructure, and Greenbelt Capital Partners, who have confirmed continued service for customers.

Sundar Pichai, CEO of Google and Alphabet, stated: “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. We look forward to welcoming Sheldon and the Intersect team.”

Sheldon Kimber, founder and CEO of Intersect, commented: “Intersect has always been focused on bringing innovation to the industry and we look forward to accelerating at scale as part of Google. Modern infrastructure is the linchpin of American competitiveness in AI. We share Google’s conviction that energy innovation and community investment are the pillars of what must come next.”

The acquisition aligns with Alphabet’s strategy to partner with utilities and developers to secure reliable energy supply for future data center growth without transferring costs to electricity grid customers. Alphabet is pursuing initiatives to increase energy capacity responsibly, including advanced geothermal systems, long-duration storage, and gas projects with carbon capture capabilities. The company also uses artificial intelligence tools to speed up the integration of new power plants into the grid and enhance efficiency in data center communities.

This move supports Google’s broader infrastructure expansion, including its previously announced $40 billion investment in Texas through 2027 to scale cloud and AI capabilities.

The transaction remains subject to standard closing conditions and is expected to be finalized in the first half of 2026.