Alphabet buys Intersect for USD 4.75 billion to secure power and data centres

2025-12-22 · Publisher : Alphabet · Domain : Cloud & DevOps

Alphabet announces the acquisition of Intersect, a data centre and energy infrastructure company, for USD 4.75 billion in cash plus assumption of debt, with closing expected in the first half of 2026.

### What changes On 22 December 2025, Alphabet announces an agreement to acquire **Intersect**, a data centre and energy infrastructure company, for **USD 4.75 billion in cash**, plus assumption of its debt. Google already held a minority stake from an earlier funding round. The deal aims to speed up bringing data centre capacity and power generation online. It includes projects in development or under construction, among them the Haskell County, Texas site, where power generation and a data centre are co-located. Closing is expected in the first half of 2026. ### Key facts - Price: USD 4.75 billion in cash, excluding assumed debt. - Scope: data centre and energy projects in development or under construction, including the co-located Haskell County, Texas site. - Exclusions: assets in development and operation in California, and existing assets in Texas, stay outside the deal. - Governance: Intersect is to remain independent in its operations, working closely with Google's infrastructure team. - Schedule: closing expected in the first half of 2026, subject to customary conditions. ### Why it matters After electricity contracts and nuclear investments, Google brings in-house the power generation tied to its campuses. For IT departments, the deal confirms that the main constraint of AI cloud is access to electrical power, and that hyperscalers buy generation capacity, not just electricity. The price remains modest against the investment budgets announced for 2026. ### Takeaway Google buys an energy and data centre developer to speed up its capacity, a sign that electricity conditions AI.

Tags : Acquisition, Énergie, Datacenter, Google, États-Unis