Google has acquired Intersect Power for nearly $5 billion to develop solar and storage projects for its AI data centers, aiming to bypass grid bottlenecks and scale rapidly with energy parks co-locating data centers with generation and storage assets. With $15 billion in assets, Intersect Power plans to have 10.8 GW of capacity by 2028. Google's energy park development strategy, including the Quantum Clean Energy Project in Texas, focuses on clean energy solutions for a more sustainable future.
https://www.pv-magazine.com/2026/01/05/google-acquires-intersect-power-for-nearly-5-billion/