Google Invests $800M in Clean Energy AI Data Centers

Ken Metral

10 Dec 2024 — 1 min read

Credit: Intersect Power, LLC.

Google, in partnership with TPG Rise Climate and other investors, is supporting clean energy developer Intersect Power with an investment of over $800 million, the company announced on Tuesday.

Addressing AI's Soaring Energy Demand

Google's investment aligns with its strategy to expand data center capacity to support the rapid rise in AI-driven cloud demand. Like other hyperscalers, including Microsoft and Meta, Google faces mounting power challenges as generative AI adoption accelerates.

To tackle this, Google is collaborating with Intersect Power and TPG Rise Climate to develop industrial parks featuring:

Co-located gigawatts of data center capacity
New clean energy plants designed to power these centers

By situating data centers next to carbon-free energy sources, Google aims to:

Ease power grid constraints
Accelerate timelines for delivering both energy generation and data center operations

U.S. Grid Under Pressure

America's electrical systems are increasingly strained by the energy demands of new technologies like generative AI. Without sustainable solutions, this growth threatens grid stability.

Google, as a main customer of Intersect Power's facilities, will benefit immediately. New data centers will come online alongside clean power generation, adding capacity to the grid and improving reliability.

In a statement, Google emphasized:
"The Google data center would come online alongside its own clean power, bringing new generation capacity to the grid to meet our load, reduce time to operation, and improve grid reliability."

Project Timeline and Impact

The first phase of the initial co-located project is slated to be operational by 2026 and fully completed by 2027.

Founded in 2016, Intersect Power delivers low-carbon solutions at scale. It is part of TPG Rise Climate’s portfolio, a climate-focused investment fund managed by private equity giant TPG.

Key Takeaways

Google invests in Intersect Power to co-develop clean energy and data center industrial parks.
Co-location will alleviate grid stress and meet AI-driven energy demands faster.
The first project phase will launch in 2026, with full completion in 2027.

This move marks a critical step for Google as it balances AI expansion with sustainable energy innovation.

Party City Goes Out of Business

Party City, the leading party supply retailer, announced on Friday that it will close all of its stores and initiate immediate corporate layoffs. The decision marks the end of an era for the New Jersey-based chain, which has faced mounting financial challenges in recent years. The closure comes less than

People Over Brands

A cultural and economic shift became undeniable in 2024: America has fallen out of love with brands and embraced people. Across politics, media, and business, individuals have overtaken logos, with loneliness serving as the driving force behind this change. The Loneliness Epidemic Let’s start with the problem: loneliness. * 12%

7 Funding Challenges & How to Solve Them

As we close out the year, many business owners are gearing up for growth in 2025. Whether it’s increasing sales, launching new products, or expanding teams, these plans often require growth capital. Yet, many businesses face common obstacles that prevent them from securing the funding they need. Here are

Tapestry: All-in-One News & Social App Launching 2025

In a world increasingly fragmented by multiple social media platforms and endless RSS feeds, a new app called Tapestry promises to simplify how users consume content online. Created by Iconfactory — the team behind the beloved third-party Twitter client Twitterific — Tapestry aims to bring news, blogs, and social media into a