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Google kicks off $20B renewable energy building spree to power AI
Google signed a deal with Intersect Power and TPG Rise Climate to spin up enough carbon-free power to drive several gigawatt-scale data centers.
Nuclear power may have received the lion’s share of attention from energy hungry tech companies over the past few months, with Google among them. The deal also includes an $800 million equity investment in Intersect Power, with TPG leading the round and CAI, Google, and Greenbelt Capital Partners participating. For the new project, a hypothetical 1 gigawatt-scale data center would be matched with an equivalent amount each of wind, solar, and battery storage, which would have enough capacity to last two to four hours, Bloomberg reported.
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