TLDR Alphabet purchases Intersect for $4.75 billion to address AI infrastructure challenges Deal includes gigawatts of clean energy projects and data center developmentsTLDR Alphabet purchases Intersect for $4.75 billion to address AI infrastructure challenges Deal includes gigawatts of clean energy projects and data center developments

Alphabet (GOOGL) Stock: Google Parent Pays $4.75 Billion for Energy Developer Intersect

TLDR

  • Alphabet purchases Intersect for $4.75 billion to address AI infrastructure challenges
  • Deal includes gigawatts of clean energy projects and data center developments
  • Intersect will operate independently under founder Sheldon Kimber after acquisition closes
  • Transaction excludes some Texas and California assets serving other clients
  • Alphabet already held minority stake through previous $800 million funding round

Alphabet revealed plans Monday to purchase Intersect, a clean energy and data center developer, for $4.75 billion in cash plus debt. The move targets a critical constraint facing AI companies today: reliable power infrastructure.


GOOGL Stock Card
Alphabet Inc., GOOGL

The deal marks an escalation in Big Tech’s race to secure energy resources. As generative AI models demand more computing power, electricity consumption has soared beyond what existing grids can handle comfortably.

Intersect builds facilities that place renewable energy generation directly alongside data centers. This co-location model eliminates dependence on strained power grids and speeds up deployment timelines.

The companies weren’t strangers before this announcement. Alphabet and TPG Rise Climate invested over $800 million in Intersect just last December. Google already owned a minority position in the firm.

Scale of Energy Assets

Intersect currently manages $15 billion in assets either operational or under construction. By 2028, the company projects about 10.8 gigawatts of capacity online or in development. For context, that exceeds the Hoover Dam’s output by more than 20 times.

The portfolio spans solar installations, wind farms, and battery storage systems. These projects address three major bottlenecks for tech firms: power availability, suitable land, and construction speed.

In Texas, Intersect built Quantum, a clean energy storage facility positioned right next to a Google data center campus. This project exemplifies the integrated approach Alphabet is buying into.

What’s Included and Excluded

Not every Intersect asset transfers to Alphabet. Operating facilities in Texas will remain separate. Projects in California, both existing and planned, also stay outside the deal.

These excluded assets will continue as an independent business backed by Intersect’s current investors. The arrangement lets Alphabet focus on projects that directly support its operations while allowing Intersect to maintain other client relationships.

Intersect will keep its brand and leadership structure. Founder Sheldon Kimber stays as CEO. However, the company will coordinate closely with Google’s infrastructure teams moving forward.

The transaction should close during the first half of 2026, pending standard regulatory approvals.

Recent Energy Moves

This acquisition follows other energy-focused deals by Alphabet. Earlier in December, Google Cloud expanded its partnership with NextEra Energy to develop new power supplies across U.S. operations.

These agreements reflect how AI development has shifted corporate priorities. Computing capacity now depends heavily on securing dedicated energy sources rather than simply leasing data center space.

CEO Sundar Pichai framed the purchase as supporting both company growth and national interests in energy and technology development.

Alphabet shares traded at $309.78 Monday, finishing slightly higher. Wall Street analysts rate the stock a Strong Buy with a consensus price target of $326.41, suggesting upside from current levels.

The post Alphabet (GOOGL) Stock: Google Parent Pays $4.75 Billion for Energy Developer Intersect appeared first on Blockonomi.

Market Opportunity
4 Logo
4 Price(4)
$0.02026
$0.02026$0.02026
-2.31%
USD
4 (4) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Why 100 Percent Test Coverage is Not Possible — Lessons from Testing Banking and Healthcare Systems

Why 100 Percent Test Coverage is Not Possible — Lessons from Testing Banking and Healthcare Systems

Quality is not about testing everything; quality is about testing what is most important.
Share
Hackernoon2025/12/26 16:05
US eyes crypto mining at disputed nuclear plant in Russia-Ukraine conflict: report

US eyes crypto mining at disputed nuclear plant in Russia-Ukraine conflict: report

The plant is located in Ukraine and has been under Russian control since 2022, with its future management a key issue in peace talks.
Share
Coinstats2025/12/26 18:58
Google's AP2 protocol has been released. Does encrypted AI still have a chance?

Google's AP2 protocol has been released. Does encrypted AI still have a chance?

Following the MCP and A2A protocols, the AI Agent market has seen another blockbuster arrival: the Agent Payments Protocol (AP2), developed by Google. This will clearly further enhance AI Agents' autonomous multi-tasking capabilities, but the unfortunate reality is that it has little to do with web3AI. Let's take a closer look: What problem does AP2 solve? Simply put, the MCP protocol is like a universal hook, enabling AI agents to connect to various external tools and data sources; A2A is a team collaboration communication protocol that allows multiple AI agents to cooperate with each other to complete complex tasks; AP2 completes the last piece of the puzzle - payment capability. In other words, MCP opens up connectivity, A2A promotes collaboration efficiency, and AP2 achieves value exchange. The arrival of AP2 truly injects "soul" into the autonomous collaboration and task execution of Multi-Agents. Imagine AI Agents connecting Qunar, Meituan, and Didi to complete the booking of flights, hotels, and car rentals, but then getting stuck at the point of "self-payment." What's the point of all that multitasking? So, remember this: AP2 is an extension of MCP+A2A, solving the last mile problem of AI Agent automated execution. What are the technical highlights of AP2? The core innovation of AP2 is the Mandates mechanism, which is divided into real-time authorization mode and delegated authorization mode. Real-time authorization is easy to understand. The AI Agent finds the product and shows it to you. The operation can only be performed after the user signs. Delegated authorization requires the user to set rules in advance, such as only buying the iPhone 17 when the price drops to 5,000. The AI Agent monitors the trigger conditions and executes automatically. The implementation logic is cryptographically signed using Verifiable Credentials (VCs). Users can set complex commission conditions, including price ranges, time limits, and payment method priorities, forming a tamper-proof digital contract. Once signed, the AI Agent executes according to the conditions, with VCs ensuring auditability and security at every step. Of particular note is the "A2A x402" extension, a technical component developed by Google specifically for crypto payments, developed in collaboration with Coinbase and the Ethereum Foundation. This extension enables AI Agents to seamlessly process stablecoins, ETH, and other blockchain assets, supporting native payment scenarios within the Web3 ecosystem. What kind of imagination space can AP2 bring? After analyzing the technical principles, do you think that's it? Yes, in fact, the AP2 is boring when it is disassembled alone. Its real charm lies in connecting and opening up the "MCP+A2A+AP2" technology stack, completely opening up the complete link of AI Agent's autonomous analysis+execution+payment. From now on, AI Agents can open up many application scenarios. For example, AI Agents for stock investment and financial management can help us monitor the market 24/7 and conduct independent transactions. Enterprise procurement AI Agents can automatically replenish and renew without human intervention. AP2's complementary payment capabilities will further expand the penetration of the Agent-to-Agent economy into more scenarios. Google obviously understands that after the technical framework is established, the ecological implementation must be relied upon, so it has brought in more than 60 partners to develop it, almost covering the entire payment and business ecosystem. Interestingly, it also involves major Crypto players such as Ethereum, Coinbase, MetaMask, and Sui. Combined with the current trend of currency and stock integration, the imagination space has been doubled. Is web3 AI really dead? Not entirely. Google's AP2 looks complete, but it only achieves technical compatibility with Crypto payments. It can only be regarded as an extension of the traditional authorization framework and belongs to the category of automated execution. There is a "paradigm" difference between it and the autonomous asset management pursued by pure Crypto native solutions. The Crypto-native solutions under exploration are taking the "decentralized custody + on-chain verification" route, including AI Agent autonomous asset management, AI Agent autonomous transactions (DeFAI), AI Agent digital identity and on-chain reputation system (ERC-8004...), AI Agent on-chain governance DAO framework, AI Agent NPC and digital avatars, and many other interesting and fun directions. Ultimately, once users get used to AI Agent payments in traditional fields, their acceptance of AI Agents autonomously owning digital assets will also increase. And for those scenarios that AP2 cannot reach, such as anonymous transactions, censorship-resistant payments, and decentralized asset management, there will always be a time for crypto-native solutions to show their strength? The two are more likely to be complementary rather than competitive, but to be honest, the key technological advancements behind AI Agents currently all come from web2AI, and web3AI still needs to keep up the good work!
Share
PANews2025/09/18 07:00