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Alphabet Acquires Intersect Power in $4.8B Bet on AI Energy Demands

Alphabet Acquires Intersect Power in $4.8B Bet on AI Energy Demands

Author:

Global Cryptocurrency

Published:

2025-12-23 11:02:02

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BTCCSquare news:

Alphabet's stock climbed 1% after announcing its acquisition of renewable energy developer Intersect Power for $4.8 billion. The deal secures critical electricity capacity for Google's AI data centers amid growing grid constraints.

Intersect brings 7.5GW of operational solar/battery projects and 8GW in development—primarily in Texas. The transaction excludes certain operating assets, leaving questions about power availability for Alphabet's surging AI compute needs.

The MOVE reflects Big Tech's scramble to lock down energy supplies. As AI workloads strain grids globally, renewable developers like Intersect become strategic assets. Alphabet now controls a pipeline that could power millions of servers.

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