Google to buy Intersect Power for $4.75bn, gains 'several gigawatts' of energy and data center projects
Intersect will remain a separate entity
Intersect will remain a separate entity
Intended to supply power to data centers via long-term offtake agreements
Development would be closely tied to data center power demand
Project slated to have a capacity of up to 100MW
PJM will have approximately 60 days to file the changes
Will pay the company $44.2m
Backers included US SMR firm Oklo
Expected to be delivered between 2026 and 2028
Will be used to support the commercialization efforts of its 1.2MW microreactor
Google will receive the environmental attribute certificates generated by the project
Included a $150 million fundraise
Will supply Cisco with 486MWh of power over the contracted agreement
Phase 1 expected to include four data center projects with a combined capacity of 240MW
Operations slated to commence in 2028
Tied to two onshore wind farms
Will repurpose electric vehicle batteries for use within the data center sector
Powered behind-the-meter by 150MW solar farm
Expected to close in Q1 2026
Will power its facilties in the country
Deployments expected to occur by 2028
Expected to start delivering power in 2028
Will initially support the deployment of UPS tech at data center campuses next year
Generated from a project in Pineville, Louisiana
Majority made up of new natural gas generation