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AI Industry Map / Energy and power / Intersect Power

Intersect Power

Builds data centres next to its own power supply so they do not wait for the grid.

Revenue
Bought by Alphabet for $4.75B (closed Mar 2026)
Value
$4.75B sale price
Growth
Bought by Alphabet for $4.75B (closed March 2026)
Listed
Private
Why it is winning

Alphabet paid for a developer that already holds power and land for data centres.

The risk to watch

It is now part of Alphabet, so it no longer sells to other buyers as an independent.

Money coming in

Who pays Intersect Power, and for what.

Money going out

Who Intersect Power pays to do what it does.

No suppliers of Intersect Power mapped yet.

Where it sits on the map

Competitors and neighbours

Emerald AI
Supplier

Software that slows down AI computing when the grid is stressed, so data centres can connect sooner.

$150M at a $1.05B valuation (Aug 2026). Nvidia, Siemens and GE Vernova invested

Open profile
Eaton
ETN Supplier

Makes switchgear, transformers and power distribution equipment that sit between the grid and the server hall.

Record revenue of $8.5B in Q2 2026 (quarter to 30 June 2026)

Open profile
GE Vernova
GEV Supplier

Makes gas turbines and grid equipment that power new data centres and utilities.

$176B order backlog. Data centre orders over $5B in the first half of 2026

Open profile
Quanta Services
PWR Supplier

Builds the transmission lines, substations and power connections that bring new electricity to data centres.

Revenue of about $9.6B in Q2 2026 (quarter to 30 June 2026)

Open profile
Schneider Electric
SU Supplier

Makes power, cooling and control equipment for data centres and grids.

H1 2026 revenue of EUR 21.2B (six months to June 2026)

Open profile
Siemens Energy
ENR Supplier

Makes gas turbines, grid equipment and transformers that power data centres and utilities.

Q3 FY2026 revenue of about EUR 11.4B (quarter to 30 June 2026)

Open profile
Heron Power
Supplier

Makes solid-state transformers, a faster-to-build alternative to the traditional iron-core kind.

$140M Series B led by a16z and Breakthrough Energy (Feb 2026)

Open profile
Nira Energy
Supplier

Software that shows developers where the grid has spare capacity to connect new loads.

Reportedly profitable with 100+ developer customers

Open profile
Pearl Street
Supplier

Automates the engineering studies that utilities need before they approve a new connection.

Bought by Enverus (Mar 2025), which Blackstone is buying

Open profile

Sources: abc.xyz

The map updates three times a week.

241 companies across 25 areas, 62 money flows and 89 openings so far. New research lands every Tuesday, Thursday and Saturday.

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