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Google Selects Clean Power Developer To Co-Locate Clean Energy Generation With Data Centers
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Intersect Power, LLC, a clean energy developer, announced a strategic partnership with Google and TPG Rise Climate to provide scaled renewable power and storage solutions to new data centers.
"The partnership is designed to deliver gigawatts of new data center capacity across the US with Intersect Power catalyzing a targeted $20 billion in renewable power infrastructure investment by the end of the decade," Intersect said
Under the terms of the partnership, Intersect Power will build new clean energy assets, with Google providing offtake via newly constructed data center campuses as an anchor tenant in co-located industrial parks. Once built, the Google data center would come online alongside its own clean power
"Intersect Power has already begun financing the partnership’s first co-located clean energy project, which is expected to be operational in 2026 and fully complete by 2027," Intersect said
Intersect Power also announced a more than $800 million funding round led by TPG Rise Climate and Google, with participation from Climate Adaptive Infrastructure and Greenbelt Capital Partners.
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December 10, 2024
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Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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