Google to Build 1 GW Texas AI Energy Hub, Unveils $84.75 B Equity Raise
Google and Intersect Power will develop an 800-acre Meitner Energy Center in Gray and Roberts Counties, Texas, pairing a data center with over 1 GW of wind, solar and battery storage capacity and housing up to 3,500 construction workers using air-cooling to cut water use. Alphabet also priced an upsized $84.75 billion equity raise, including a $10 billion private placement from Berkshire Hathaway, to fund its AI infrastructure and global compute expansion.
1. Meitner Energy Center Development
Google and Intersect Power selected Gray and Roberts Counties, Texas for the 800-acre Meitner Energy Center. The project pairs a new data center supporting Search, Gmail, Maps, Cloud and AI services with dedicated generation assets exceeding 1 GW of wind, solar and battery storage, and will house up to 3,500 construction workers. Air-cooling technology is expected to significantly reduce water consumption, reserving on-site water primarily for domestic uses.
2. Equity Capital Raise Details
Alphabet priced an upsized $84.75 billion equity offering, up from the previously announced $80 billion, to finance its expanding AI and cloud computing infrastructure. The deal includes a $10 billion private placement from Berkshire Hathaway and is intended to bolster Google’s global compute capacity for future AI workloads.
3. Major Investor Support
The capital raise and project announcement have drawn notable investor interest, with ARK Investment Management acquiring roughly $96 million of additional Alphabet shares. Combined with Berkshire Hathaway’s $10 billion commitment, these moves underscore strong confidence in Google’s strategy to scale its AI and cloud services network.
