Alphabet’s Google, along with TPG Rise Climate and other investors, is supporting clean energy developer Intersect Power with more than $800 million in funding, the company announced Tuesday.
The investment reflects Google’s push to enhance domestic data center capacity in response to growing cloud demands driven by AI technologies.
Google is collaborating with Intersect Power and TPG Rise Climate to develop industrial parks that integrate gigawatts of data center capacity with new clean energy plants. These co-located facilities aim to ease power grid constraints and streamline delivery timelines for both energy and data center projects.
The U.S. power grid faces increasing pressure from technologies like Generative AI, which demand significant energy resources. By sourcing clean energy from Intersect Power’s new facilities, Google plans to power its data centers and contribute to grid reliability.
The first phase of the initial co-located project is set to become operational in 2026 and fully complete by 2027.
Founded in 2016, Intersect Power offers scalable low-carbon energy solutions. It is part of TPG Rise Climate, the climate-focused investment arm of private equity firm TPG. The partnership underscores the growing trend of integrating clean energy solutions with technology infrastructure.
