Alphabet announced it has reached a definitive agreement to acquire Intersect, a provider of data center and energy infrastructure solutions, for $4.75 billion in cash and debt assumption. Google already holds a minority stake in Intersect from an earlier funding round.
According to a joint press release, the acquisition will enable more data center and generation capacity to come online faster, while accelerating energy development and innovation.
As part of the deal, Intersect will continue to operate independently from Alphabet and Google under the Intersect brand, with Sheldon Kimber as its leader. It will collaborate closely with Google’s technical infrastructure team on ongoing and new joint projects, such as the company’s first co-located data center and power site, currently being built in Haskell County, Texas.
Intersect’s existing operating assets in Texas, and its operating and in-development assets in California, will not be part of the acquisition.
Sundar Pichai, CEO of Google and Alphabet told investors, “Intersect will help us expand capacity, operate more nimbly in building new power generation in lockstep with new data center load, and reimagine energy solutions to drive US innovation and leadership. We look forward to welcoming Sheldon and the Intersect team.”
Sheldon Kimber, founder and CEO of Intersect, commented, “Intersect has always been focused on bringing innovation to the industry, and we look forward to accelerating at scale as part of Google. Modern infrastructure is the linchpin of American competitiveness in AI. We share Google’s conviction that energy innovation and community investment are the pillars of what must come next.”
The deal is anticipated to close in the first half of 2026.
By CEO NA Editorial Staff
