Alphabet, Google’s parent company, is set to acquire Intersect for $4.75bn, focusing on expanding data center and energy infrastructure. This deal will support Google’s $40bn investment in Texas by 2027. Intersect will operate independently, collaborating with Google on energy projects, excluding assets in Texas and California.

Intersect plans to explore new energy technologies to meet Google’s growing data center needs. The acquisition aligns with Alphabet’s strategy to ensure energy supply for future infrastructure growth responsibly. Alphabet is also investing in advanced energy technologies and using AI tools to integrate new power plants faster.

The deal, subject to closing conditions, is expected to be finalized in the first half of 2026. Intersect founder Sheldon Kimber looks forward to scaling innovation with Google, emphasizing energy innovation’s importance for American competitiveness in AI. This acquisition marks a significant step in advancing energy solutions and driving US innovation.

Read more at Yahoo Finance: Alphabet to acquire Intersect for $4.75bn in AI push