CleanTechnica•16 days ago
Alphabet Buys Intersect For $4.75 Billion — Is That A Good Thing?
Key Takeaway
Alphabet's multi-billion dollar acquisition of a data center energy infrastructure provider underscores the escalating demand for dedicated power solutions by hyperscale loads and signals a trend towards vertical integration in energy supply for tech giants.
AI Summary
- •Alphabet (Google's parent company) has acquired Intersect, a data center and energy infrastructure solutions provider, for $4.75 billion.
- •Intersect specializes in building large-scale power projects specifically for data centers and other high-demand electricity needs.
- •This acquisition highlights a significant trend of hyperscale data center operators vertically integrating or securing dedicated energy infrastructure to meet their rapidly growing power requirements.
- •For developers and IPPs, this signals increasing demand for specialized power solutions for large loads and potential for new partnership models with tech giants.
Topics
datacenterfinancingm&atransmission
Article Content
I’m sure everyone here knows the company Intersect. Just kidding, I assume most people don’t know the company, since I had never run across it before. Apparently, though, it’s a data center and energy infrastructure solutions provider. It builds big power projects for data centers and booming electricity needs. Alphabet, ... [continued] The post Alphabet Buys Intersect For $4.75 Billion — Is That A Good Thing? appeared first on CleanTechnica .