Which tech conglomerate agreed to acquire Intersect for $4.75 billion in December 2025 to expand its data center and energy infrastructure?

Alphabet Inc., the parent company of Google, agreed in December 2025 to acquire Intersect, a clean energy developer, for $4.75 billion in cash plus assumed debt. This significant investment aims to bolster Alphabet's rapidly expanding data center operations and energy infrastructure, particularly to meet the surging demands of artificial intelligence (AI) services. The deal, expected to close in the first half of 2026, includes Intersect's team, its energy projects under development, and existing data center infrastructure, marking a strategic move to secure reliable and scalable power for Google's growing AI computing needs.

The acquisition underscores the critical importance of data centers and energy supply for major technology conglomerates. As AI adoption drives a massive increase in computational demand, companies like Alphabet are investing tens of billions of dollars annually to expand their technical infrastructure, including servers and data centers. Energy infrastructure has become a strategic asset, as owning or controlling power generation helps these firms manage capacity, reduce costs, and avoid grid connection delays. Alphabet, in particular, has a long-standing commitment to clean energy, with goals to achieve 24/7 carbon-free energy for all its data centers and offices by 2030 and net-zero emissions across its operations and value chain by the same year.

Intersect's portfolio of clean energy projects and its expertise are expected to directly support Alphabet's ambitious sustainability and infrastructure goals. The acquisition provides Alphabet with direct access to clean energy projects and talent, accelerating its ability to scale capacity and align with increasing energy demands. Intersect, which Google was already a minority investor in, will maintain its independent operations, collaborating with Google's infrastructure teams on joint energy and data center initiatives. This integration allows Alphabet to better control its energy supply, ensuring the continuous, carbon-free power essential for its advanced AI and cloud services.