Alphabet's subsidiary Google is making strides in decarbonization by acquiring clean energy and data center infrastructure developer Intersect in a $4.75 billion deal. This acquisition will help Google combat rising emissions and prioritize decarbonizing its operational electricity consumption, with Intersect's $15 billion clean energy infrastructure portfolio in Texas and California. Google aims to halve its emissions by 2030 and run on carbon-free power 24/7, partnering with utilities and energy developers for clean power generation. The acquisition will allow Intersect to collaborate with Google on joint projects to drive innovation and leadership in the U.S. energy industry, showcasing a new approach to sustainable energy solutions.
Alphabet acquires clean energy developer Intersect for $4.75B
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