Google has acquired San Francisco, US-based Intersect Power for $4.75bn in a deal that includes the assumption of debt, according to statements from Greenbelt Capital Partners and global alternative asset management firm TPG. The transaction, which was announced in December 2025, involves the purchase of Intersect’s digital power business and the concurrent spin-out of its grid-tied clean energy assets into a new company, IPX Power. The total enterprise value of these combined transactions stands at $12 ...