Sheldon Kimber, founder and current CEO of Intersect, will continue to lead the company after the final acquisition by Alphabet closes, according to the parent company, which owns Google. Kimber expressed Intersect’s commitment to innovation in the industry and expected an acceleration of its capabilities thanks to the integration with Google: “Intersect has always been focused on bringing innovation to the industry, and we look forward to accelerating at scale as part of Google.”
Alphabet announced that its purchase of Intersect amounts to 4,750 million dollars, equivalent to 4,041 million euros. This figure includes the cash payment and the assumption of existing debt, as the American technology company explains in detail. According to Alphabet, the main purpose of the operation is to strengthen its capabilities to develop new energy infrastructure and data centers, leveraging both current assets and joint projects that both companies had previously developed.
The deal, expected to close in the first half of 2026, will see Intersect retain an independent operation within Alphabet following the acquisition and retain Kimber as chief executive. According to the media, Intersect’s assets in Texas and California will not be part of the package acquired by Alphabet. These assets will be integrated into an independent entity backed by TPG Rise Climate, Climate Adaptive Infrastructure and Greenbelt Capital Partners.
Alphabet explained that this integration will allow the company to improve its flexibility in building new energy generation infrastructure in line with growing demand from data centers and promote innovation aimed at leading the sector in the United States. Sundar Pichai, CEO of Alphabet and Google, said: “Intersect will help us expand our capacity, be more agile in building new power generation facilities to match the new number of data centers, and reinvent energy solutions to drive innovation and American leadership.”
As disclosed by Alphabet, the transaction includes both the projects already consolidated thanks to the previous partnership between Alphabet and Intersect as well as the developments currently underway. This includes energy infrastructure and data center services, key elements for the growth of cloud and digital services that require ever greater capacity and sustainability.
The media also explained that once the operation is completed, Intersect’s operational independence within the group will favor the continuity of its projects and the maintenance of its management team, while improving access to resources and technologies of the Alphabet conglomerate. According to the published information, the exclusion of assets in Texas and California is a response to a targeting strategy that allows these resources to follow a different roadmap led by investors and companies specializing in energy and climate.
For his part, Kimber emphasized in a statement that Intersect’s mission since its inception has been to promote innovative solutions in the energy sector related to data centers, pointing out that, in his opinion, the integration with Google represents a new phase in which they can expand and scale their projects faster and with greater resources.
Alphabet officials expect this acquisition to respond to accelerating demand for digital services and computing, which requires robust, efficient infrastructures adapted to new technology trends. As Alphabet reports, the operation is part of its strategy to expand and modernize digital and energy infrastructure to sustain the growth of major technology platforms.
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