Alphabet, Google’s parent company, has agreed to acquire Intersect for $4.75 billion in cash, plus debt assumption. The deal will boost data center and energy infrastructure capacity, accelerate innovation, and explore emerging technologies to diversify energy supply. Intersect’s team and projects will remain separate under its brand, led by Sheldon Kimber.

The acquisition will enhance Alphabet and Google’s efforts to partner with utilities and energy developers to expand reliable, affordable energy supply. They aim to advance advanced energy technologies and deploy AI to connect new power plants to the grid faster. The deal is expected to close in the first half of 2026.

Read more at Yahoo Finance: Alphabet Buying Clean Energy Developer to Support Data Centers