Nuclear power may have received the lion’s share of attention from energy hungry tech companies over the past few months, with Google among them. But it appears that those new reactors won’t be enough for their AI ambitions: Google is now working with partners to build gigawatts of renewable power, battery storage, and grid upgrades to power its data centers.
Google announced Tuesday it signed a deal with renewable developer Intersect Power and investment fund TPG Rise Climate to spin up enough carbon-free power to drive several gigawatt-scale data centers. Altogether, the investment in renewable power will run about $20 billion, and Intersect is already financing the first project, the company told TechCrunch.
The deal also includes an $800 million equity investment in Intersect Power, with TPG leading the round and CAI, Google, and Greenbelt Capital Partners participating.
As tech companies like Google rush to…
