Alphabet Buys Intersect For $4.75 Billion — Is That A Good Thing? - CleanTechnica

Alphabet, Google's parent company, has acquired Intersect, a data center and energy infrastructure solutions provider, for $4.75 billion plus debt assumption. Intersect builds large-scale power projects to support data centers and growing electricity demands. While some reports have labeled Intersect primarily as a renewable energy developer, the company also constructs fossil gas power plants, which are not considered clean energy. Alphabet's official announcement emphasized accelerating data center capacity and energy development but did not explicitly commit to exclusively renewable projects. The article expresses skepticism about the acquisition's environmental impact, noting that if Alphabet intends to build fossil gas plants, it would be disappointing given the urgent need for decarbonization. Although Alphabet mentioned that Intersect will explore emerging technologies to diversify energy supply and support Google’s U.S. data center investments, the details remain vague. The author suggests cautious optimism but highlights ongoing challenges in the clean technology sector and CO2 reduction efforts in 2025, leaving the true environmental implications of the deal uncertain.