InfraCompute / Investments
Alphabet acquires Intersect Power
M&A · Alphabet · US$4.75bn, 10 March 2026.
Key terms
- Company
- Alphabet
- Date
- 10 March 2026
- Type
- M&A
- Value
- US$4.75bn
- Status
- Completed
- Region
- US
What happened
Alphabet bought the co-located power and data centre developer Intersect Power, announced on 22 December 2025. Intersect's existing Texas and California operating assets stayed with the old investors.
Recorded terms
- Announced
- 22 December 2025
- First co-located site
- Haskell County, Texas
- Excluded
- Existing Texas and California operating assets; grid-tied business spun out as IPX Power
- Value basis
- US$4.75bn in cash plus assumed debt
- Segment
- Power for data centres
Parties
More investments
For counsel on a deal like this
M&A, preferred equity and joint venture terms from the filed agreements, for the buyer’s, the seller’s or the sponsor’s side. Previews are open; the full text is free with InfraCompute Weekly.
Sources
- TechCrunch: Alphabet to acquire Intersect PowerSource date: December 2025
About this record
Compiled from the sources above. Investments are recorded separately from the debt register and are not counted in debt totals. Terms are as announced and may have changed since. Methodology · Send a correction.
