【Alphabet Acquires Data Center Partner Intersect for $4.75 Billion】 Golden Finance reports that Google's parent company Alphabet (GOOG.O) has agreed to acquire clean energy developer Intersect Power LLC for $4.75 billion in cash and by assuming existing debt. This is one of the largest transactions the company has made to significantly expand its data center capacity to support its artificial intelligence business. Currently, the aging power grid in the U.S. is struggling to meet the surge in electricity demand, the first in decades, driven by AI development, new factory construction, and economic electrification. This acquisition aims to secure more power for Google's data centers. According to previous media reports, Google has already held a minority stake in this energy supplier by partnering with Intersect to build a large power plant near its data center campus last year. Sundar Pichai, CEO of Google and Alphabet, stated in a press release: “Intersect will help us scale our capacity, operate more flexibly in building new power facilities to accommodate the new data center loads, and reimagine energy solutions to drive innovation and leadership in the U.S.”

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