Intersect Power
Intersect Power is a US-based developer of utility-scale solar, battery storage, and green hydrogen projects that pioneered a power-first co-location model pairing AI data centers with dedicated renewable generation. Acquired by Alphabet for $4.75 billion in 2026.
- Company typePrivate
- Founded2016
- HeadquartersBeaverton, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Intersect Power does
Intersect Power is a US-based renewable energy infrastructure developer headquartered in San Francisco with an operations hub in Austin, Texas, founded in 2016. The company develops utility-scale solar photovoltaic, wind, battery energy storage systems (BESS), and green hydrogen projects, with a core operational footprint in Texas and California. Its differentiated offering is a "power-first" co-location model that pairs behind-the-meter renewable generation and storage directly with hyperscale AI data center load, exemplified by the 1 GW+ Meitner Energy Center in Gray and Roberts Counties, Texas with Google, designed to come online simultaneously with the data center rather than waiting on multi-year grid interconnection queues.
The company's technology stack centers on gigawatt-scale renewable generation, one of the world's largest battery storage deployments at 8.8 GWh, nearly 1 GW of planned green hydrogen electrolysis capacity, and an advanced air-cooling integration designed to minimize water consumption at co-located data center sites. Intersect sources critical equipment through long-dated supply agreements, including a 15.3 GWh Tesla Megapack commitment through 2030 and a major-customer relationship with First Solar for thin-film panels. Asset scale reached approximately $15 billion in operational or under-construction energy assets by December 2025.
Intersect's business model blends project development fees, equity ownership in operating assets, long-term power purchase agreements, and managed co-location infrastructure partnerships with hyperscalers. Go-to-market is direct enterprise field sales to a narrow set of AI hyperscale data center operators — primarily Google — via bilateral, custom-priced, multi-year agreements. In December 2025 Alphabet/Google agreed to acquire Intersect for $4.75 billion (closing March 2026), while grid-tied clean energy assets were concurrently spun out into IPX Power, a TPG Rise Climate–majority independent power producer; the combined transactions represent approximately $12 billion in enterprise value. Intersect continues to operate as a standalone business under the Intersect brand within Alphabet's infrastructure portfolio.
Intersect Power firmographics
Firmographics- Name
- Intersect Power
- Legal name
- Intersect Power LLC
- Website
- https://intersectpower.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Intersect Power is a US-based developer of utility-scale solar, battery storage, and green hydrogen projects that pioneered a power-first co-location model pairing AI data centers with dedicated renewable generation. Acquired by Alphabet for $4.75 billion in 2026.
- Ownership category
- akta.pro rank
Intersect Power industry classification
Industry- Product category
- Renewable Energy Infrastructure
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Edge Data Center Power & Energy Systems (UPS, Batteries, Microgrids) (HDABAOAG)
- akta.pro secondary industries
- Renewable Grid Interconnection & Collector Systems (Solar/Wind) (IMAFAHAD), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF)
Keywords
Where Intersect Power is headquartered
LocationHeadquarters
- HQ city
- Beaverton
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Intersect Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Renewable Energy Project Development: Development and financing of utility-scale solar, wind, and battery storage projects for hyperscale data center customers. Revenue generated through project development fees, equity ownership in operating assets, and long-term power purchase agreements.
- Energy Storage Services: Battery energy storage system development and operation providing grid firming, capacity services, and renewable integration for co-located data center operations.
- Green Hydrogen Production: Development of green hydrogen production facilities for industrial applications, targeting nearly 1 GW of green hydrogen production capacity.
- Co-location Infrastructure Partnerships: Strategic partnerships with hyperscalers providing dedicated power generation infrastructure co-located with data center facilities, enabling vertical integration of energy supply.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise project-based pricing |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Intersect Power product offering
Product offeringCore offering
Intersect Power develops, finances, and operates utility-scale renewable energy and battery storage projects that are co-located with AI data center infrastructure. The company delivers integrated power generation assets—including solar PV, wind, large-scale battery energy storage, and green hydrogen production—for hyperscale technology customers seeking to bypass grid interconnection constraints.
Product overview
Intersect Power offers a portfolio of large-scale renewable energy and data center infrastructure solutions centered on co-locating power generation with AI data centers. The core offerings include Solar PV projects (1.5-2.2GW+ capacity), Battery Energy Storage Systems (up to 8.8 GWh), and Green Hydrogen Production (near 1GW). The company builds power-first facilities where renewable generation and storage are integrated directly with data center operations. Notable projects include the Meitner Energy Center (1GW+ in Texas) and various solar-plus-storage portfolios in Texas and California. Following the December 2025 Google acquisition, the grid-tied assets were spun off into IPX Power while Google retained the digital power business for co-located AI data center solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar PV Projects Utility-scale solar photovoltaic projects that generate clean electricity from sunlight, with developed capacity of approximately 1.5-2.2 GW across Texas and California for hyperscale data center and grid applications.
- Battery Energy Storage Systems Large-scale battery energy storage systems (BESS) co-located with renewable generation, including systems up to 1 GWh and beyond, providing power firming, grid reliability, and renewable time-shifting for co-located data center operations.
- Green Hydrogen Production Near 1 GW green hydrogen production capability using renewable electricity to produce clean hydrogen through electrolysis for industrial applications and decarbonization.
- Meitner Energy Center A 1 GW+ integrated energy project in Gray and Roberts Counties, Texas, co-located with a Google data center, featuring wind, solar, and battery storage assets designed to come online simultaneously with the data center load.
- Co-located Data Center Energy Infrastructure Integrated energy infrastructure solutions that co-locate power generation with AI data center load, enabling tech companies to bypass grid interconnection delays and secure dedicated, low-cost, carbon-free power at scale.
Quantifiable outcome
- 1GW+ co-located power generation capacity with data center in Texas
- +2 more outcomes
Companies that use Intersect Power
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles1 record
Intersect Power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Intersect Power partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor, major and core.
- IPX PowerminorFollowing Google's acquisition of Intersect Power, the grid-tied clean energy assets were spun out into IPX Power as a new independent power producer. TPG Rise Climate remains majority investor. IPX Power focuses on solar-plus-storage projects in Texas and California with 4.4 GW solar and 8.8 GWh storage.
- First SolarmajorFirst Solar is a major supplier of thin-film solar panels to Intersect Power. Intersect Power is described as a major First Solar customer.
- Google (Alphabet)coreGoogle acquired Intersect Power for $4.75 billion in December 2025, with closing in March 2026. The partnership involves co-location of data centers with renewable energy and storage projects. First project is Meitner Energy Center in Texas (1GW+ wind, solar, battery). Intersect continues operating as standalone business under Google parent.
- Tesla EnergycoreTesla Energy signed agreement to supply 15.3 GWh of Megapacks to Intersect Power through 2030, providing battery storage systems for Intersect's projects.
Scale indicators15 records
Recent moves6 records
Expansion highlights6 records
Intersect Power competitors and assessment
Company assessmentDirect peers
- AES Corporation: Global power company and renewable IPP with a growing US data center power business; AES has signed multiple gigawatt-scale clean energy deals with hyperscalers and is building utility-scale solar/storage in Texas and California, directly competing with Intersect for hyperscaler offtake.
- Invenergy: Privately-held US developer of utility-scale wind, solar, and battery storage projects with comparable geography and customer profile; one of the largest pure-play renewable developers competing for hyperscaler and utility offtake in the same regions as Intersect.
- Avantus (formerly 8minute Solar Energy): Utility-scale solar and storage developer with deep roots in California and the Western US, developing multi-gigawatt portfolios for corporate and utility customers; directly comparable project profile and customer mix to Intersect Power.
- Vistra Corp: Large US power producer with significant data center power deals (including nuclear-powered hyperscaler contracts) and growing renewables portfolio; competes with Intersect to provide behind-the-meter and dedicated generation to hyperscale data center customers.
- Clearway Energy: Publicly-traded renewable IPP owning utility-scale wind, solar, and storage assets in the US; comparable asset class, customer mix (corporate/utility PPAs), and project development orientation to Intersect Power.
- Leeward Renewable Energy: Utility-scale renewable energy developer with operating wind, solar, and storage assets across the US; similar project size (hundreds of MW), corporate offtake orientation, and project finance structure to Intersect Power.
Broad incumbents
- NextEra Energy Resources: Largest US renewable energy developer (subsidiary of NextEra Energy) with multi-tens-of-gigawatt pipeline; broader portfolio including regulated Florida utility, transmission, and gas generation gives it scale advantages but also more diversified capital allocation than Intersect.
- EDF Renewables North America: US arm of global renewable developer EDF; develops utility-scale wind, solar, and storage projects with comparable geographic footprint and corporate PPA focus; larger and more diversified parent but similar project-level activities to Intersect.
- Engie North America: North American subsidiary of global utility Engie with significant renewable energy and BESS development; comparable project type and customer mix but with global parent capital and broader energy services portfolio.
Emerging players
- Hecate Energy: US-based developer of utility-scale solar and battery storage projects; smaller and earlier-stage than Intersect but pursuing similar project economics, geographies, and offtake structures in the C&I/hyperscale segment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Intersect Power social profiles
Digital presenceIntersect Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Intersect Power leadership team
Management profileNumber of profiles
Profiles2 records
Intersect Power subsidiaries and ownership
Company hierarchySubsidiaries1 record
Intersect Power funding detail
Funding detailFunding overview
Funding rounds9 records
Investors25 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Intersect Power M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Intersect Power
What does Intersect Power do?
Intersect Power develops, finances, and operates utility-scale renewable energy and battery storage projects that are co-located with AI data center infrastructure. The company delivers integrated power generation assets—including solar PV, wind, large-scale battery energy storage, and green hydrogen production—for hyperscale technology customers seeking to bypass grid interconnection constraints.
Is Intersect Power a public or private company?
Intersect Power is a private company. It is classified as corporate owned and is currently operating.
When was Intersect Power founded?
Intersect Power was founded in 2016. It employs 251 to 500 people.
Where is Intersect Power based?
Intersect Power is headquartered in Beaverton, United States, in the North America region.
How does Intersect Power make money?
Four revenue lines are on record. Renewable Energy Project Development is the primary driver. The others are energy Storage Services, green Hydrogen Production and co-location Infrastructure Partnerships.
Who are Intersect Power's main competitors?
Direct peers on record are AES Corporation, Invenergy, Avantus (formerly 8minute Solar Energy), Vistra Corp, Clearway Energy and Leeward Renewable Energy. Broad incumbents are NextEra Energy Resources, EDF Renewables North America and Engie North America. Hecate Energy is listed as an emerging player.
Does Intersect Power have an API?
No public API is recorded for Intersect Power.
What industry is Intersect Power in?
Intersect Power's product category is Renewable Energy Infrastructure. Its primary akta.pro industry code is HDABAOAG, Edge Data Center Power & Energy Systems (UPS, Batteries, Microgrids), with a secondary code of IMAFAHAD, Renewable Grid Interconnection & Collector Systems (Solar/Wind). Its NAICS code is 221114 and its SIC code is 4911.