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Power · Evidence brief

Google, Intersect and TPG launch co-located clean-power data-center model

Google + Intersect Power + TPG Rise Climate

Primary sourcePress release only2024-12-10
Deal structureStrategic partnership / co-located clean power and data-center development
GeographyUnited States
Infrastructure layersPower + data centers + financing
Disclosed scaleTargeted $20B renewable power and storage buildout for gigawatt-scale U.S. data-center capacity

Why it matters

The strategic read

One of the clearest “power-first” AI data-center strategies: build load and generation together to reduce grid bottlenecks instead of waiting on distant transmission.

Source-supported terms

What was disclosed

  1. 01

    Intersect announced a strategic partnership with Google and TPG Rise Climate.

  2. 02

    The partnership targets $20B in renewable power infrastructure investment by the end of the decade.

  3. 03

    The model co-locates data-center load with renewable generation and battery storage.

  4. 04

    The first co-located project is expected to be operational in 2026 and complete in 2027.

Disclosure boundary

What is known—and what is not

Strategic partnership announced publicly; site list, offtake contracts, financing terms and Google load commitments are not fully public.