US-based Intersect Power has partnered with Google and TPG Rise Climate to advance renewable energy for data centers. This collaboration targets $20 billion in clean infrastructure investments by 2030. Intersect Power will develop renewable power and storage projects, with Google as an anchor tenant. The first project, co-located with data centers, will be operational by 2026 and completed by 2027. This model reduces grid strain by pairing data centers with low-cost, high-capacity renewable power. The company secured over $800 million in funding from TPG Rise Climate, Google, and other investors. Morgan Stanley advised on the transaction. The initiative boosts rural economies through job creation and increased tax revenues. Intersect Power claims the partnership offers a scalable solution to meet rising AI-driven electricity demand.
Intersect Power to supply Google’s US data centers
TPG Rise Climate and others back Intersect Power with significant funding for sustainable infrastructure. (Image Source: Intersect Power)
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Escalante Solar repurposes a retired coal site, delivering 200 MW of clean energy to 63,000 homes in New Mexico. (Image Source: Boviet Solar)
These trackers are destined for SB Energy’s Pelican’s Jaw project, a 570 MW solar and 954 MWh storage facility under construction by SOLV Energy. (Image Source: Nextracker)