Intersect Power

Intersect Power

Develops and operates clean energy projects

About Intersect Power

Simplify's Rating
Why Intersect Power is rated
A
Rated A on Competitive Edge
Rated A+ on Growth Potential
Rated B on Differentiation

Industries

Energy

Social Impact

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$3B

Headquarters

Beaverton, Oregon

Founded

2016

Overview

Intersect Power focuses on creating large-scale clean energy projects that aim to significantly reduce carbon emissions. The company develops, constructs, and operates renewable energy infrastructure, primarily solar power plants, and sells the electricity generated through structured agreements known as offtakes. These agreements provide a stable revenue stream by ensuring energy is sold at a predetermined price. Intersect Power stands out from competitors due to its innovative approach to integrating clean electricity into the economy and its recognition in the Sustainability category of Fast Company's 2024 World Changing Ideas Awards. The company's goal is to redefine the clean energy industry and contribute to deep decarbonization efforts, all while operating with a distributed team across the U.S. and Canada.

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Simplify's Take

What believers are saying

  • Google's $800M investment boosts Intersect Power's clean energy projects.
  • Intersect Power's inclusion in Forbes' Best Startup Employers enhances talent acquisition.
  • Strategic partnerships with Google and TPG expand renewable power solutions for data centers.

What critics are saying

  • SOLV Energy's expanded services may impact Intersect Power's market share.
  • Rapid expansion into AI data centers may strain Intersect Power's resources.
  • Dependence on large-scale partnerships exposes Intersect Power to strategic shifts.

What makes Intersect Power unique

  • Intersect Power integrates clean electricity into the broader economy innovatively.
  • The company has a pipeline of 3.2GWDC solar and storage projects by 2023.
  • Intersect Power operates in both retail and wholesale energy markets.

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Funding

Total Funding

$2996M

Above

Industry Average

Funded Over

3 Rounds

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

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Unlimited Paid Time Off

Paid Vacation

Parental Leave

Mental Health Support

Family Planning Benefits

Phone/Internet Stipend

Home Office Stipend

Company News

PR Newswire
Apr 21st, 2025
Solv Energy Continues Expansion Of Solar And Storage Operations Maintenance Business, Including Major Repowering Projects

SAN DIEGO, April 21, 2025 /PRNewswire/ -- In connection with the SolarPlaza Asset Management North America (AMNA) 2025 conference this week in San Diego, SOLV Energy announced today that asset owners had selected the company to provide operations and maintenance (O&M) services for nearly 4.8 GW (gigawatts) of solar projects since AMNA 2024. The new projects being operated and maintained by SOLV Energy include plants owned by longstanding customers, such as Intersect Power and SB Energy, as well as new customers including Greenalia and Matrix Renewables. In addition to providing comprehensive O&M services, SOLV Energy has expanded its aftermarket and technical service capabilities, which is underscored by the company's signing of several repair and remediation contracts for large projects in Texas and California over the past twelve months.SOLV Energy provides O&M services to more than 17 GW of utility-scale solar and storage projects in North America. The company's comprehensive O&M service offering includes plant management and control, performance monitoring, preventative and corrective maintenance and vegetation management for both SOLV Energy-built and third party-built PV, BESS and substation facilities. Value-added services designed to maximize the performance of customers' assets include:NETA-compliant acceptance and maintenance testing, repairs, and upgrades for HV equipment;In-house SCADA solutions including retrofits utilizing off-the-shelf products currently installed on over 18 GW of sites across the country;In-house Tech Training, Performance Engineering and Safety Managers;Availability guarantees as a standard contract provision; andRemote monitoring and control of over 140 sites from 24-7 NERC-compliant Operations and Control Center in San Diego .SOLV Energy also offers emergency response to repair and replace major components such as inverters, EBOS and modules, resulting from equipment malfunctions, recalls and weather damage, as well as repowering services supported by the company's nationwide construction teams.SOLV Energy seeks to be a long-term partner to its customers by providing an integrated suite of services throughout the lifecycle of their projects. "Our lifecycle approach gives us the capabilities, experience and operating data to help our customers design projects, select equipment, and establish integrated systems that maximize energy generation and minimize down time," said George Hershman, CEO of SOLV Energy

Oil and Gas Press
Mar 19th, 2025
Intersect Named to Fast Company's World's Most Innovative Companies of 2025 List

SAN FRANCISCO - (BUSINESS WIRE) - Intersect Power, LLC ("Intersect") has been named to Fast Company's prestigious list of World's Most Innovative Companies of 2025.

Data Center Knowledge
Mar 18th, 2025
AI Rush Has TPG-Backed Intersect in Talks on Texas Data Centers

Clean energy developer Intersect Power is reportedly in talks to build two massive AI data center sites in Texas.

Business Wire
Mar 4th, 2025
Intersect Power Named by Forbes as One of America's Best Startup Employers

SAN FRANCISCO-(BUSINESS WIRE)-Intersect Power, LLC ("Intersect Power" or "Intersect") has been included on Forbes 2025 list of America's Best Startup Employers.

Tech in Asia
Dec 11th, 2024
Google invests $800m in clean energy firm Intersect Power

Google invests $800m in clean energy firm Intersect Power.

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