Intersect Power is a renewable energy developer that has developed utility-scale solar projects in Texas, including facilities designed to support datacenter operations and grid reliability.
Referenced in 4 briefingsLast referenced: March 14, 2026
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March 14, 2026
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Texas Captures 30% of AI Power Demand Before the Rules Are Written
Alphabet's $4.75 billion acquisition of Intersect Power in December 2025 signals the next step: owning physical power delivery outright rather than relying on virtual PPAs.
Google completed its acquisition of Intersect Power this week, and TPG Rise Climate simultaneously spun Intersect's grid-tied assets into IPX Power, a new independent company with 4.4 GW of solar PV and 8.8 GWh of battery storage in construction or operation.
Combined with Alphabet's $4.75 billion acquisition of Intersect Power in December, Google is building an integrated bring-your-own-power model that positions it ahead of Trump's February 25 demand that tech companies "pay their way" for datacenter electricity.