Alphabet Acquires Intersect for $4.75 Billion from TPG Rise Climate and Partners
Alphabet has completed the acquisition of Intersect for $4.75 billion. Intersect specializes in data center and energy infrastructure solutions, focusing on co-locating industrial demand with dedicated gas and renewable power generation. The acquisition was made from TPG Rise Climate Fund, Climate Adaptive Infrastructure, and Greenbelt Capital Partners.
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Alphabet has finalized the acquisition of Intersect for $4.75 billion. Intersect provides data center and energy infrastructure solutions by co-locating industrial demand with dedicated gas and renewable power generation.
The sellers include TPG Rise Climate Fund, Climate Adaptive Infrastructure, and Greenbelt Capital Partners. This acquisition reflects Alphabet's commitment to expanding its energy infrastructure capabilities.
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