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

$3.8B

Headquarters

Beaverton, Oregon

Founded

2016

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Simplify's Take

What believers are saying

  • Alphabet's $4.75B acquisition secures 100% ownership of Intersect's data center energy pipeline[1][2].
  • Collaboration with Google and TPG targets $20B renewable power investments by 2030[1][6].
  • 2.2 GW operating solar and 4 GW planned solar break ground in 2025[1][8].

What critics are saying

  • Alphabet dictates project scope solely for AI data centers, eliminating strategic autonomy within 6 months[2].
  • Excluded Texas and California operating assets strip ~$2.6B in prior revenue from Intersect[3][5].
  • Dependency on Google's AI capex creates demand risk if AI spending slows or suppliers shift[4].

What makes Intersect unique

  • Intersect co-locates data centers with dedicated renewable power, bypassing U.S. grid bottlenecks[3][5].
  • It operates as an independent subsidiary under CEO Sheldon Kimber post-Alphabet acquisition[2][4].
  • The firm develops gigawatt-scale 'energy parks' integrating solar, storage, and IT infrastructure[5][8].

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Funding

Total Funding

$3.8B

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 and Company News

Headcount

6 month growth

-9%

1 year growth

-2%

2 year growth

-4%
Deaf Smith County Hospital District
Jul 10th, 2026
Press release: information on upcoming Roman Project meetings.

Press release: information on upcoming Roman Project meetings. July 10, 2026 (Hereford) - The Deaf Smith County Hospital District Board of Directors and leadership encourages the community to attend an upcoming public meeting on the proposed Roman Project, a collaboration of Google, Intersect, and Blattner to construct data centers in Deaf Smith County. The community-wide meeting is scheduled for July 14, 2026, at 5:00 p.m. at the Hereford Civic Center with representatives from Google, Intersect, and Blattner providing information on the proposed data center project. This meeting is the best opportunity for community members to learn more about the project, express their opinions and perspectives, and ask questions about timeline and impact. "The proposed data center project is generating a great deal of community interest and attention, and we want to make sure everyone has the opportunity to have their voice heard in the most appropriate forum," said Candice Smith, RN, MSN, CEO, Deaf Smith County Hospital District. The next meeting of the Deaf Smith County Hospital District Board of Directors will be held Thursday, July 23, 2026, at 5:30 p.m. at the hospital. The board will consider Google's tax abatement proposal as part of the Roman Project. It will not consider other aspects of the data center project, such as water use or environmental impact. As with all meetings of the Deaf Smith County Hospital District Board of Directors, this meeting is open to the public, and the agenda will be made public on the hospital website in advance. Each meeting of the board provides an opportunity for public comment, and any member of the public may attend. The hospital district adheres to all requirements of the Texas Open Meetings Act and the Texas Public Information Act. "As the region's healthcare provider and a major employer, we are engaged in learning about the data center project and exploring its potential economic impact along with everyone in our community," added Smith. "We always welcome respectful public discussion and civic engagement at all our hospital district board meetings and hope to see many of our neighbors at the community-wide open house July 14." By Stephanie Limb Published On: July 10th, 2026

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