Alphabet Buying Clean Energy Developer to Support Data Centers

Alphabet, the parent of technology giant Google, has announced a definitive agreement to acquire Intersect, which provides data center and energy infrastructure solutions, for $4.75 billion in cash, plus the assumption of debt. Google already owns a minority stake in Intersect from a previously announced funding round. The acquisition announced December 22 will enable more data center and generation capacity to come online, faster, while accelerating energy development and innovation, Alphabet said in a ne ...