Alphabet to acquire Intersect for $4.75 billion in cash, plus debt. Google already holds minority stake in Intersect. Acquisition includes team and gigawatts of energy projects. Intersect to explore new technologies for energy supply to support Google’s data center investments.

Intersect to operate under own brand, led by CEO Sheldon Kimber. Collaboration with Google on joint projects, including data center in Texas. Excluded assets in Texas and California to remain independent. Assured seamless transition for customers. Transaction expected to close in first half of 2026.

Read more at Nasdaq: Alphabet To Acquire Intersect For $4.75 Bln To Boost Data Center And Energy Infrastructure