As per Jinse, Alphabet (GOOG.O) has agreed to acquire clean energy developer Intersect Power LLC for $4.75 billion in cash plus assumed debt, marking one of its largest deals to expand data center capacity to support its AI business. The move aims to secure more power for Google's data centers amid rising electricity demand driven by AI development, new factory construction, and economic electrification. Google previously held a minority stake in Intersect after collaborating to build power plants near data center campuses. CEO Sundar Pichai stated the acquisition will help scale capacity, improve flexibility in building new power facilities, and reshape energy solutions to drive U.S. innovation.
Alphabet Acquires Intersect Power for $4.75 Billion to Boost Data Center Capacity
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Alphabet (GOOG.O) has agreed to buy clean energy firm Intersect Power LLC for $4.75 billion in cash plus debt, a major step to expand data center capacity supporting its AI and crypto news initiatives. The deal will help Google meet rising electricity needs from AI development and economic electrification. Google already owned a minority stake in Intersect, having worked together on power plants near data center sites. CEO Sundar Pichai said the acquisition will scale capacity and energy solutions, aiding U.S. innovation. Investors will watch how this ties into inflation data and energy trends.
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