Intersect

Intersect

Develops and operates solar energy projects

Overview

Intersect Power develops, builds, and operates large-scale solar and other renewable energy projects. It sells the electricity generated through structured, contract-backed offtake agreements to businesses, utilities, and governments, providing stable revenue from the output. The company serves both retail and wholesale energy markets with a remote, distributed team across the U.S. and Canada, focused on reducing carbon emissions and integrating clean electricity into the broader economy. Its goal is to expand scalable clean energy infrastructure to accelerate the shift to renewable power across markets.

About Intersect

Simplify's Rating
Why Intersect is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Government & Public Sector

Energy

Company Size

201-500

Company Stage

Acquired

Total Funding

$8.5B

Headquarters

Beaverton, Oregon

Founded

2016

People at Intersect

People at Intersect who can refer or advise you

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Simplify's Take

What believers are saying

  • $4.75B acquisition secures 10.8GW clean energy capacity by late 2028.
  • Alphabet's $20B renewable push directly funds Intersect's development pipeline.
  • Co-located Texas facility creates thousands of construction jobs for AI expansion.

What critics are saying

  • Texas and California operating assets face strategic isolation and reduced capital access.
  • Remaining entity loses guaranteed offtake revenue from 3.6GW solar/wind projects.
  • Alphabet dominance eliminates remaining company's ability to bid for new hyperscaler contracts.

What makes Intersect unique

  • Intersect bypasses aging grid bottlenecks with co-located data center energy infrastructure.
  • Standalone brand and leadership under CEO Sheldon Kimber enable continued innovation.
  • Multiple gigawatts of projects already contracted to Google ensure stable revenue.
  • $20B renewable power investment plan by 2030 accelerates AI data center solutions.
  • Dedicated on-site generation supports air-cooling tech to minimize water use.

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Funding

Total Funding

$8.5B

Above

Industry Average

Funded Over

7 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Parental Leave

Family Planning Benefits

Fertility Treatment Support

Wellness Program

Mental Health Support

Meal Benefits

Phone/Internet Stipend

Home Office Stipend

Pet Insurance

Remote Work Options

Flexible Work Hours

Company Equity

Growth & Insights

Headcount

6 month growth

-7%

1 year growth

-1%

2 year growth

-2%

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