Alphabet said the acquisition will accelerate the rollout of data centre capacity and power generation, while supporting faster energy development and innovation. Google currently holds a minority stake in Intersect. The transaction is expected to close in the first half of 2026, subject to customary closing conditions and regulatory approvals.

“Intersect will help us expand capacity, operate more nimbly in building new power generation in lockstep with new data centre load, and reimagine energy solutions to drive US innovation and leadership. We look forward to welcoming Sheldon and the Intersect team,” said Sundar Pichai, CEO of Google and Alphabet.

Following the acquisition, Intersect will continue to operate as a standalone business under the Intersect brand, led by CEO Sheldon Kimber. The company will work closely with Google’s technical infrastructure team on both existing and new joint projects, including a co-located data centre and power generation site currently under construction in Haskell County, Texas.