Google to acquire renewable energy developer Intersect for $4.75 billion

In December 2025 Google announced it would acquire renewable energy developer Intersect for $4.75 billion in cash plus assumption of debt, to bring more electricity generation online for its data centers; Intersect rebranded to IPX Power.

“In December 2025, Google announced it would acquire Intersect, a renewable energy developer, for $4.75 billion in cash, plus the assumption of debt.”

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