Google invests $800 million in clean energy developer to power data centres and support US grid sustainability

The partnership will develop industrial parks co-locating data centres with clean energy plants, aiming to reduce power grid constraints and improve grid reliability.
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Google has joined forces with TPG Rise Climate and other investors to back clean energy developer Intersect Power in a funding round exceeding $800 million. The investment aligns with Google’s strategy to expand its domestic data centre capacity as demand for AI-driven cloud services surges.

These data centres will be part of innovative industrial parks co-developed with Intersect Power, integrating gigawatts of clean energy generation alongside state-of-the-art computing facilities. That approach reflects a shift in addressing the growing strain on US power grids, exacerbated by the energy-intensive requirements of generative AI technologies.

By situating data centres adjacent to carbon-free power plants, Google aims to streamline energy delivery, enhance grid reliability, and fast-track project timelines. The first co-located facility is slated to begin operations in 2026, with full completion expected by 2027.

Google, a primary customer of Intersect Power’s new clean energy facilities, underscores that these projects are designed to launch simultaneously with their data centres. That directly contributes to grid stability while meeting Google’s operational energy needs. Founded in 2016, Intersect Power focuses on scalable, low-carbon energy solutions and is backed by TPG’s climate-focused fund.