PVTIME – Intersect Power has partnered with Google and TPG Rise Climate to power new data centres with renewable energy. The partnership will deliver new data centre capacity across the US. Intersect Power will invest $20 billion in renewable energy infrastructure by the end of the decade. The first clean energy project is already being financed and is expected to be operational in 2026.
This new approach to data centre construction will make it faster and easier to deploy new infrastructure, reduce grid stress, and make energy more reliable and affordable for customers. By locating data centres close to large amounts of cheap, clean electricity and adding battery storage, data centres can use a lot of renewable energy while reducing the need to transmit power over long distances.
This partnership is a new way for hyperscalers and utilities to work together. Sheldon Kimber, CEO and founder of Intersect Power, said: “Intersect Power is developing new ways to expand data centre capacity without overloading the grid. Deep, collaborative partnerships combined with creative problem solving are the only way to meet the explosive growth of AI and society’s accelerating demand for electricity.
Intersect Power will build new clean energy facilities, with Google providing power from data centres in industrial parks. Once completed, the Google data centre will be up and running, generating clean energy and supporting the grid.
Intersect Power also announced a $800 million funding round led by TPG Rise Climate and Google, with participation from Climate Adaptive Infrastructure and Greenbelt Capital Partners. Morgan Stanley advised on the financial side of the deal.
The companies will work with grid planners, operators and communities to develop local clean energy resources. This will support rural economic development and create jobs.
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