Alphabet to Acquire Intersect for $4.75B as Energy Hires Hit 340
Alphabet has added 340 energy specialists since 2022 to secure power for its AI-driven data centers, reflecting a 34% year-on-year jump in energy-related hiring by Big Tech in 2024. The company is set to acquire data center operator Intersect in a $4.75 billion cash deal (including debt) to bolster supply.
1. Google Bolsters Energy Talent to Power AI Growth
Google has significantly expanded its energy-focused workforce to address the power demands of its rapidly growing artificial intelligence operations. Since the start of 2022, Alphabet’s energy team has grown by 340 professionals, a headcount increase driven by the 34% year-over-year rise in energy-related hiring across Big Tech in 2024. Notable additions include Eric Schubert, a regulatory affairs specialist with nearly 14 years at BP, who joined in January, and Tyler Norris, a Duke University researcher appointed last November to lead energy market innovation. These hires reflect Google’s strategic pivot from traditional sustainability roles toward operational expertise in energy procurement, grid interface, and market strategy, ensuring reliable power for its global data center footprint, which now accounts for roughly 1.5% of worldwide electricity consumption.
2. Alphabet Advances Data Center Strategy with $4.75 B Intersect Acquisition
In a deal valued at $4.75 billion in cash plus debt assumption, Alphabet has agreed to acquire Intersect, a leading data center developer, marking a major step in its vertical integration of energy and infrastructure. The transaction underscores Google’s commitment to securing dedicated capacity—spanning site selection, construction management, and long-term land acquisition—to support projected AI-driven capacity growth of 12% annually over the past five years. By assimilating Intersect’s project management teams and real estate portfolio, Alphabet aims to streamline deployment timelines and reduce reliance on external contractors, while flexible labor models continue to address peak build-out phases without inflating permanent headcount.