AI Rush Has TPG-Backed Intersect in Talks on Texas Data Centers
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Intersect Power, a clean-energy developer backed by private equity firm TPG Inc., is in talks with technology companies to build two enormous data center sites in Texas, the latest sign that the race to develop artificial intelligence continues to heat up.
Intersect is marketing two locations in the Texas panhandle, one capable of supporting a three-gigawatt data center and another that could host a one-gigawatt facility, Intersect Chief Executive Officer Sheldon Kimber said in an interview. Intersect is in talks about the sites with big hyperscalers who want to train AI models, he said, declining to name the companies. A gigawatt is typically enough to power 250,000 homes in Texas.