In the current acceleration of green energy transformation, a deep integration of technology and energy is taking place. Alphabet, the parent company of tech giant Google, recently announced that it will acquire Intersect, a well-known American battery energy storage system developer and operator, for $4.75 billion in cash. The goal is to target the latter's upcoming or yet to be developed clean energy generation projects, data centers, and battery energy storage systems, involving a scale of up to 10 GWh. This major acquisition is expected to be completed in the first half of 2026.

Targeting 10GWh energy storage potential

It is worth noting that the scope of this acquisition has been carefully defined and does not include Intersect's existing assets already in operation in Texas and California, USA. These ongoing assets will still be independently held by Intersect's existing investors TPG Rise Climate, Climate Adaptive Infrastructure, and Greenbelt Capital Partners.

The goal of Google and Alphabet is very clear: to lock in the huge development potential of Intersect company in the future. At present, Intersect has a total of approximately $15 billion in operating and under construction assets, including 2.2GW photovoltaic projects and 2.4GWh battery energy storage systems developed through the "integrated light storage" model. The company plans to expand its energy storage capacity to nearly 10 GWh by the end of 2027, and expects to complete approximately 10.8 GW of power generation projects and their supporting energy storage construction by 2028. It is these massive future plans that have caught the attention of tech giants.

Ensuring energy supply and promoting innovation

Sundar Pichai, CEO of Google and Alphabet, stated that this acquisition will help the company expand its production capacity, achieve more flexible synchronization of new power generation facilities and new data center loads, and is expected to "rethink energy solutions" to promote innovation and leadership in the United States. After the transaction is completed, Intersect will continue to operate as an independent business.

This acquisition is the latest move by Google in its ongoing expansion into the energy sector. In October 2025, Google announced that it would source electricity from Entergy Arkansas' 600MW solar and energy storage project for its planned data center in West Memphis, Arkansas. This comprehensive project includes a 350MW battery energy storage system located in Jefferson County. In May of the same year, Google also announced that it would purchase renewable energy certificates (RECs) for the 600MW solar plus energy storage combination developed by EnergyRe in South Carolina. These measures collectively outline Google's long-term strategy of providing stable, green power to its vast and growing global data center network through direct investment in clean energy assets.

Energy storage becomes a key puzzle in energy transformation

Alphabet's major acquisition is another landmark event for tech giants to deeply enter the energy infrastructure sector. With the rapid development of businesses such as artificial intelligence and cloud computing, the energy consumption of technology companies continues to rise, and the demand for stable, affordable, and clean power supply has become unprecedentedly urgent. Directly investing in flexible resources such as energy storage can not only help them hedge against electricity price fluctuations and ensure their own operations, but also lock in green electricity from the source and fulfill their carbon neutrality commitments. Keywords: Energy Storage Latest News, Energy Storage New Energy News

This transaction also highlights the core value of energy storage assets in building new power systems. Energy storage systems can effectively mitigate the intermittency and volatility of renewable energy, and enhance the flexibility and reliability of the power grid. From Intersect's development model of "integrated light storage", it can be seen that energy storage is increasingly becoming an indispensable component of large-scale renewable energy projects. The entry of technology giants will bring new capital, technological perspectives, and large-scale application scenarios to the energy storage industry, accelerating the innovation and development process of the entire industry. Editor/Yang Beihua