Google has closed its acquisition of Intersect Power.

In late December, the tech giant announced that it planned to buy US-focused Intersect for $4.75 billion, plus the assumption of debt. Intersect builds power and storage infrastructure for data centers.

Google has picked up the company's in-development and under-construction assets, as well as its digital power assets. Interesect's grid-tied power business has been spun off as IPX Power.

TPG, Climate Adaptive Infrastructure (CAI), Greenbelt Capital Partners, and Google are investors in IPX, which operates a portfolio of 4.4GW of solar PV and 8.8GWh of battery storage in construction or operation.

interesect power
– Intersect Power

"Google's acquisition of Intersect is now closed," Intersect's head of data centers, Chris Klem, said. "Intersect is officially a subsidiary. This is ground zero for anyone who wants to have the most impact building the infrastructure defining the next era."

In a job listing for a data center load management & optimization manager, Intersect said that its "operations will remain separate from Alphabet and Google under the Intersect brand."

The company filed to develop a data center in Texas in February, and is behind a $3bn data center project called Meitner in Pampa, Texas.