Intersect focuses on finding ways to increase and diversify the supply of energy in an effort to keep power costs down.

The Google parent company said the acquisition would increase data center capacity to meet growing demand for AI.

Alphabet said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence.

Google parent Alphabet on Monday announced it will acquire Intersect, a data center and energy infrastructure company, for $4.75 billion in cash in addition to the assumption of debt. Alphabet said Intersect's operations will remain independent,

Google owner Alphabet has agreed to acquire Intersect, which specialises in data centre and energy infrastructure, for $4.75 billion in cash, plus the assumption of debt.

Google-parent said it would buy Intersect’s data-center projects that are in development, plus multiple gigawatts of energy and the Intersect team as part of the deal.

Alphabet intends to allow Intersect to operate independently while continuing its efforts to secure the energy sources needed for the sprawling data centers being built to power the AI services rolling out from Google and rivals such as OpenAI.

Google Ventures and Gradient Ventures, both affiliated with Google parent company Alphabet, have invested in several legal tech startups in 2025.