Google Invests in Venture to Build Energy Parks for Data Centers
- Intersect Power lines up more than $800 million in funding
- Deal aims to supply multiple gigawatts for Google data centers
Google’s plan is to build data centers and new power supplies so they connect to the same substation within a state or regional grid.
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Alphabet Inc.’s Google is investing in mega energy parks that will generate renewable power as the company races to fuel its data centers.
The technology behemoth entered into a partnership with Intersect Power LLC, an independent power producer, and investment firm TPG Rise Climate LP to design and build big energy plants next to data center campuses, the companies said Tuesday. The aim is to have enough renewables, battery storage capacity and related transmission infrastructure to support multiple gigawatts of data centers for Google, which will cost about $20 billion.