Google Acquires Intersect Power for $4.75bn

TPG Rise Climate Completes $4.75B Sale of Intersect to Google, Launches IPX Power

Dallas Innovates, Every Day: Here's what's new + next in North Texas. Fort Worth- and San Francisco-based TPG Rise Climate has completed the sale of its stake in Intersect Power, which was acquired by Google for $4.75 billion, plus the assumption of debt, in a deal first announced in December. Intersect is a clean energy company based in San Francisco that develops large-scale solar and battery energy storage projects for AI data centers and ren…

Intersect Spins Off Green Energy Producer IPX Following Acquisition by Google

Following the $4.75 billion acquisition of AI infrastructure-focused clean energy developer Intersect by Google, the company’s investors announced the spin-out of Intersect’s grid-tied power business to launch IPX Power as a new large scale independent power producer (IPP). IPX is being launched with some of the largest clean energy resources in the U.S., including a portfolio encompassing 4.4 GW of solar PV and 8.8 GWh of battery storage in con…

Google acquires Intersect Power for $4.75bn

Google has acquired Intersect Power for $4.75bn in a deal that includes the assumption of debt, according to Greenbelt Capital Partners.

After Google takeover, Intersect spins off grid-tied power business

In December 2025, Google announced it would acquire Intersect, a renewable energy developer, for $4.75 billion in cash, plus the assumption of debt. The acquisition enables Google to bring more electricity generation capacity online faster for its data center development. Existing Intersect investors — including asset management firm TPG, Climate Adaptive Infrastructure, Greenbelt Capital Partners… The post After Google takeover, Intersect spins…