TPG and Google led a $800m funding round in Intersect Power.

TPG, a private equity firm, and Google, an American multinational corporation and technology company, led a $800m funding round in Intersect Power, a clean energy company. “To realize AI’s potential, the growth in electricity demand must be met with new, clean power sources. The scale of AI presents an opportunity to completely rethink data center development — by co-locating them where possible with the grid-connected carbon-free energy that keeps them up and running. We’re bringing this opportunity to life by combining pioneers at the intersection of data centers and clean energy development to synchronize load growth with new power generation in a novel way. We hope to replicate this model in multiple markets across the U.S. and around the world,” Amanda Peterson Corio, Google Global Head of Data Center Energy.