CleanTechnica•16 days ago
Alphabet Buys Intersect For $4.75 Billion — Is That A Good Thing?
Key Takeaway
This acquisition underscores the critical and growing need for dedicated, large-scale energy infrastructure for data centers, driving major tech companies to invest directly in power solutions.
AI Summary
- •Alphabet acquired Intersect, a data center and energy infrastructure solutions provider, for $4.75 billion.
- •Intersect specializes in building large-scale power projects tailored for data centers and other high-demand electricity needs.
- •This acquisition by a major tech company highlights the increasing strategic importance and value of dedicated, scalable energy infrastructure for large power consumers like data centers.
- •The deal signals a trend where large electricity consumers are directly investing in or acquiring capabilities to control their energy supply chain and infrastructure development.
Topics
datacenterfinancinginterconnectm&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 .