Google Is Spending Over $4 Billion on a Data Center Company

Alphabet, Google’s parent company, announced on Monday that it has agreed to buy the data center and energy company Intersect in a deal worth $4.75 billion. Intersect specializes in developing data center projects alongside energy plants, a pairing that makes a lot of sense as data centers are known to strain the power grid.

Alphabet had previously invested in Intersect, but now it’s buying the company outright.

“Intersect will help us expand capacity, operate more nimbly in…