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Intersect Power
[Image: istockphoto; Logo: TPG]
TPG Rise Climate Completes $4.75B Sale of Intersect to Google, Launches IPX Power
by David Seeley | Mar 11, 2026
Intersect is a clean energy company based in San Francisco that develops large-scale solar and battery energy storage projects for AI data centers and renewable energy operations. With the deal, Fort Worth- and San Francisco-based TPG Rise Climate has become the majority backer for IPX Power, a spinoff of Intersect's grid-tied power business.
![At Google’s Midlothian data center on Nov. 14, Google executives joined Texas Governor Greg Abbott and other government leaders to announce the company’s $40 billion Texas investment. [Photo: Google]](https://s24806.pcdn.co/wp-content/uploads/2025/11/Platform-panel_47A1634_970_google-360x203.jpg)
by Quincy Preston |
Nov 16, 2025
Google CEO Sundar Pichai was in North Texas on Friday to announce the tech giant’s largest investment in a single state. The multiyear plan will add three Texas data center campuses, increase energy supply to the state’s grid, and train 1,700 electricians as the AI economy scales.
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by Kevin Cummings |
Jul 11, 2022
Plus, Enhabit Home Health Hits the NYSE, Irving Web3 Investor Raising Two New Funds, TPG leads $750M raise in clean energy firm; Coppell-based Neurolens raises $2.7M; Fort Worth's Jet Health raises $1M; Frisco edtech startup Meritize lands funding; Honeywell acquires Fort Worth nitrile glove maker Rhino Health USA; and more North Texas-related deals.
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