Google · Microsoft · Crypto Briefing
Alphabet, Google’s parent company, announced its acquisition of Intersect Power on December 22, 2025
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That acquisition formalized a strategic partnership that had been solidified in December 2024.
Key facts
- Alphabet, Google’s parent company, announced its acquisition of Intersect Power on December 22, 2025, in a deal valued at $4.75 billion in cash plus debt assumption
- Google and Intersect Power have officially started building the Meitner Energy Center, a combined data center and renewable energy complex in the Texas Panhandle that pairs over 1 gigawatt of wind
- Construction is expected to support up to 3,500 jobs through what’s being called the Caprock Workforce Hub, located in adjacent Wheeler County
- Microsoft disclosed that its global water consumption jumped 34% in fiscal year 2022, largely driven by data center expansion
Summary
The co-located data center and clean energy complex will pair over 1 GW of renewables with an air-cooled facility that uses zero water withdrawals. Google and Intersect Power have officially started building the Meitner Energy Center, a combined data center and renewable energy complex in the Texas Panhandle that pairs over 1 gigawatt of wind, solar, and battery storage with a new Google computing facility. The Meitner Energy Center combines three types of clean energy, wind, solar, and battery storage, totaling more than 1 GW of capacity. Construction is expected to support up to 3,500 jobs through what’s being called the Caprock Workforce Hub, located in adjacent Wheeler County. The project’s name pays tribute to Lise Meitner, the Austrian-Swedish physicist who helped discover nuclear fission but was famously overlooked for the Nobel Prize.