Alphabet is acquiring Intersect for $4.75 billion in cash plus debt assumption. Intersect specializes in data center and energy infrastructure solutions. Google already held a minority stake in the company from a prior funding round. This acquisition aims to boost data center capacity and accelerate energy innovation in the U.S. Intersect brings a robust team and multiple ongoing energy projects, enhancing Google's ability to meet the growing demands of its Cloud customers. Sheldon Kimber, Intersect's CEO, emphasizes the importance of modern infrastructure for American competitiveness in AI. The deal aligns with Alphabet's commitment to developing reliable and affordable energy supplies without burdening grid customers. The acquisition will support partnerships with utilities and energy developers, unlocking new energy resources and advancing technologies like geothermal and carbon capture. The transaction is expected to close in the first half of 2026, pending customary conditions. Alongside this acquisition, Alphabet is deploying AI to improve power plant grid connections and enhance energy efficiency in data center communities.