Alphabet's Google, along with TPG Rise Climate and other investors, is backing clean energy developer Intersect Power as part more than $800 million funding round, the company said on Tuesday.

Intersect Power has also secured more than $800m in a funding round led by TPG Rise Climate and Google, with Climate Adaptive Infrastructure and Greenbelt Capital Partners participating.

Google's data centers have seen a significant increase in electricity use, doubling their consumption within just four years.

Google and its partners are being coy about details at the moment. The partnership aims to build out “gigawatts” of new capacity, but Google and Intersect declined to say exactly how much.

Google has signed a strategic partnership with Intersect Power and TPG Rise Climate to develop colocated renewable power and storage technologies with new data centers across the US. Under the ...

Intersect Power, LLC (“Intersect”) has been awarded the Energy Risk Awards’ Deal of the Year. The award recognizes Intersect’s 2024 Texas battery energy storage systems (BESS) project ...

Google's capital investment in Intersect Power comes as the tech giant, like other "hyperscalers" including Microsoft and Meta, races to bolster its domestic data center capacity to meet the AI- ...

Google's capital investment in Intersect Power comes as the tech giant, like other "hyperscalers" including Microsoft and Meta, races to bolster its domestic data center capacity to meet the AI- ...

Google has pledged to use only carbon-free sources of electricity to power its operations, a task made more challenging by ...

Google invests in Intersect Power in over $800 million funding round amid AI race. Stock Markets. Published 12/10/2024, 09:09 AM. Updated 12/10/2024, 09:11 AM.