DEAL_OVERVIEW
Deal Terms
Date
2025-12-22
Amount
$4.8B
Est. Multiple
N/A
Key Talent
N/A
Integration Time
N/A
Categories
Energy InfrastructureData CentersAI Infrastructure
Deal Multiples
No detailed multiples available
Strategic Rationale
$4.75B cash (plus assumed debt) for the data-center and clean-energy developer — the first major tech company buying an energy developer outright rather than signing PPAs. Brings ~$15B of operating/under-construction assets and 10.8GW of capacity by 2028 to power AI data centers via co-located "energy parks."
POST_ACQUISITION_TIMELINE1 EVENTS
2026-05-01divestiture
IPX green-energy producer spun off
Intersect spun off green energy producer IPX following the Google acquisition, focusing the retained business on data-center energy parks.
KEY_PEOPLE
No tracked role transitions