Alphabet is buying Intersect Power for $4.75 billion
Alphabet (yep, Google's parent company) just announced it's acquiring Intersect Power LLC for $4.75 billion in cash, plus existing debt.
This deal brings in Intersect's energy projects, data-center plans, and team—all to help Google keep up with the exploding demand for cloud services.
Intersect stays independent (but teams up with Google)
Even after the buyout, Intersect will keep its own brand and CEO Sheldon Kimber at the helm.
Their Texas and California operations aren't going anywhere, but now they'll be working closely with Google on a big new data-center and power project in Texas.
Why this matters: more power for AI and cloud
Google needs a lot more energy to fuel its growing US data centers—especially as AI keeps ramping up.
By bringing in Intersect, Alphabet is locking down dedicated power sources so your favorite apps (and future AI tools) can keep running strong.