Google acquires clean energy developer
Alphabet, Google's parent company, announced last month it will acquire clean energy and data center infrastructure developer Intersect in a $4.75 billion deal expected to close in the first half of this year.
The portfolio Alphabet will acquire includes projects under construction in Texas and California.
The acquisition represents a new approach for Alphabet. In the past it had relied on utilities and independent energy developers to bring power generation online for its data center loads. Acquisition of Intersect indicates that Google plans to construct, own and manage its own clean energy power plants.
ERCOT's large load queue jumped almost 300 percent last year
And speaking of data centers, they are driving a rapid increase in the number and capacity of large load interconnection requests in the Electric Reliability Council of Texas (or ERCOT) region, according to a December report from the grid operator.