Intersect Power, Google, and TPG Rise Climate to build clean energy

Intersect Power has partnered with Google and TPG Rise Climate to co-locate renewable energy infrastructure with data centres, aiming to meet the growing demand for clean power while reducing reliance on long-distance transmission.

The initiative plans a $20 billion investment in renewable energy and storage by 2030, focusing on enhancing speed of deployment, grid reliability, and energy affordability. 

Google will act as the primary offtaker for renewable energy generated at new data centre campuses located within shared industrial parks.

Intersect Power CEO Sheldon Kimber described the partnership as an innovative approach to data centre and power development, addressing increased electricity demand driven by AI and societal needs.

Google’s global head of data centre energy Amanda Peterson Corio emphasized the opportunity to synchronize AI growth with clean energy generation, aiming to replicate this model in various global markets.

Additionally, Intersect Power has raised over $800 million in funding led by TPG Rise Climate and Google, with support from Climate Adaptive Infrastructure and Greenbelt Capital Partners.