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Alphabet Acquires Intersect for $4.75 Billion to Enhance Data Center Capacity.

Dec 22, 20256 months ago

Contract Type

agreement

BeavertonInformation Technology

Description

Alphabet has entered into a definitive agreement to acquire Intersect for $4.75 billion in cash and debt assumption. This acquisition aims to accelerate energy development and increase data center capacity, benefiting Google's Cloud services. Intersect will continue to operate under its brand, collaborating with Google on joint projects.

Company Information

Company

Intersect

Location

Beaverton, Oregon, United States

About

Intersect delivers next generation infrastructure for data centers and other energy-intensive industries by co-locating industrial demand with dedicated gas and renewable power generation. Our approach delivers the fastest, cheapest, cleanest and most reliable energy and infrastructure solutions for our customers and the inevitable scale of what comes next.

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