Clean Data Deals
Google Paid $4.75B for Intersect to Build Its Digital Clean Power Data Centers
Adam Harrie — May 27, 2026
Google acquired Intersect Power’s digital clean power assets for $4.75 billion, securing a platform designed to co-locate data center load with new clean generation and battery storage rather than competing for strained grid capacity. The clean energy data center co-location model integrates solar and storage directly alongside compute infrastructure to address the power availability bottleneck constraining hyperscale expansion.
Intersect’s grid-tied assets were spun off into IPX Power, backed by TPG Rise Climate, with 4.4GW of solar and 8.8GWh of battery storage already operating or under construction.
As AI infrastructure pushes electricity demand beyond grid capacity, Google and Intersect show how acquiring a dedicated clean power co-location platform can give a hyperscaler direct control over both the energy and compute infrastructure needed to scale.
