Alphabet goes shopping again. Google’s parent company announced this Monday a definitive agreement to acquire Intersect, a provider of energy infrastructure and data center solutions, for $4.75 billion (more than 4 billion euros) in cash, plus the assumption of debt.
In this sense, Alphabet already held a minority stake in Intersect, resulting from a previously announced financing round.
According to the Internet giant, this acquisition will help launch more data centers and production capacities more quickly, while accelerating energy development and innovation.
In a statement, Alphabet notes that the transaction includes Intersect’s world-class team and several gigawatts of energy and data center projects under development or construction, resulting from its collaboration with Google. Intersect will also explore various emerging technologies to increase and diversify energy supply, while supporting Google’s investments in data centers in the United States to meet demand from its customers and cloud users.
Intersect’s operations will remain independent of Alphabet and Google under the Intersect brand and will be led by Sheldon Kimber.
The company will work closely with Google’s technical infrastructure team, continuing to work on developing and new joint projects. This includes the companies’ first announced shared data center and power site, under construction in Haskell County, Texas.
Intersect, backed by private equity firm TPG, has focused on clean energy solutions to power large data centers, including solar and battery storage projects. The company has maintained a close collaboration with hyperscalers this year, marketing massive facilities in Texas, which Intersect CEO Sheldon Kimber has called “the Disneyland of energy” for its abundant wind and solar resources. The company has $15 billion in energy assets operating or under construction in the United States.
This is the second largest corporate transaction announced by Alphabet during 2025. The company announced in February the purchase of Wiz, a cloud cybersecurity start-up, for $32 billion (more than €27.2 billion), in what constitutes the largest acquisition in its history. Additionally, last May it completed the purchase of Galileo AI, a platform of tools for generative AI.
Alphabet plans to invest more than $75 billion in development, including AI infrastructure. In fact, the firm is in negotiations with Meta Platforms, for an investment of billions of dollars in the use of chips from Google’s parent company focused on AI. A movement that seeks to challenge Nvidia’s position.
Additionally, Google’s parent company challenged OpenAI’s leadership with its ChatGPT, with the launch of the new version of Gemini. The giant has announced that it already has more than 650 million users of this technology.
In this sense, Alphabet is one of the notable values of the Nasdaq. Its shares have climbed more than 63% on the stock market since the start of the year, bringing the group to nearly four trillion dollars in market capitalization, only behind Nvidia and Apple, and ahead of Microsoft.
About The Author
