Intersect Power
AcquiredBuilt for next.
San Francisco, United States · Founded 2016 · $927.0M raised
- Headquarters
- San Francisco, California
- Employees
- 201–500
- Founded
- 2016
- Business Model
- B2B
- Website
- intersect.com
- Total Funding
- $927.0M
- Last Round
- $800.0M Venture RoundDec 2024
- Rounds
- 2
- Acquisition Date
- Dec 2025
About
Intersect Power (acquired by Alphabet/Google in March 2026 for $4.75B) was a clean energy and data center infrastructure developer founded in 2016 by Sheldon Kimber. The company built only the largest co-located clean energy projects — pairing fast-ramping firming sources and renewable power with industrial demand — targeting the scale that AI data centers require. Its portfolio included 2.2 GW of operating solar and 2.4 GWh of battery storage, with 10.8 GW expected operating or in construction by late 2028. Intersect was one of the world's largest buyers of Tesla Megapacks and had a multi-billion dollar commitment to First Solar's American-made modules. Strategic partners included Google (strategic partnership formed 2024, acquisition closed March 2026) and TPG Rise Climate.
Summary
Intersect Power is an Energy Infrastructure company based in San Francisco, United States, founded in 2016. It has raised $927.0M in total across 2 rounds, most recently a $800.0M Venture Round round in Dec 2024. Investors include Alphabet, Google and Climate Adaptive Infrastructure.
Tech & App Stack
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Funding History
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Dec 2025
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Venture Round through Acquisition — per-round amounts, valuations, and who invested in each round.
Investors
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