Alphabet Acquires Intersect for $4.75 Billion from TPG Rise Climate and Partners
DATA AND AI INFRASTRUCTURE
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.
Mar 14, 2026, 9:20 PM
