Google plans to spend $4.75 billion to help solve a problem stymieing the AI race: finding enough electricity to run an ever-larger fleet of data centers. The company’s pending deal to buy Intersect, ...

Alphabet, Google’s parent company, announced last month it will acquire clean energy and data center infrastructure developer Intersect in a $4.75 billion deal expected to close in the first half of ...

Alphabet Inc. (Google) has entered a definitive agreement to acquire Intersect Power, a California-based developer of utility-scale solar and battery energy storage systems. The transaction totals ...

Google already owns a minority stake in Intersect from a previous funding round. Once the deal closes, Intersect will be expected to help bring new data centers and power generation online faster, ...

Intersect specializes in energy management solutions for data centers. Building an AI data center requires more than just chips and servers -- efficient energy solutions are also needed. As the AI ...

Alphabet (aka Google) (NASDAQ:GOOG) has announced the acquisition of Intersect, a firm that provides data and energy infrastructure. The company said the purchase price was $4.75 billion in cash plus ...

SAN FRANCISCO – Alphabet said on Dec 22 that it would buy clean energy developer Intersect for US$4.75 billion (S$6.1 billion) in cash, plus assumed debt, as tech giants spend billions to expand the ...

As part of the agreement, Intersect will explore emerging technologies to diversify energy supply, specifically supporting Google’s massive data centre investments across the US. To maintain ...

This article first appeared on GuruFocus. Alphabet Inc. (NASDAQ:GOOG) has agreed to acquire clean energy developer Intersect Power LLC for $4.75 billion in cash plus existing debt, a deal that could ...

Google will buy Intersect Power for $4.75 billion after investing $800 million in 2024 Intersect will continue to operate separately, with its existing "world-class" team Some California and Texas ...

Alphabet agreed to acquire data center and energy infrastructure firm Intersect for $4.75B, aiming to accelerate data center expansion and power generation to support Google’s growing AI and cloud ...

Included in the transaction are Intersect’s staff and the energy and data centre projects in development, or under construction, from an existing partnership with Google. Intersect will also explore a ...