Alphabet, Google's parent company, said on the 22nd (local time) that it acquired Intersect, a data center and energy infrastructure developer, for $4.75 billion (about 7 trillion won).
Intersect will handle power supply for the data centers operated by Alphabet. It plans to work with Google's technology infrastructure team to carry out existing projects and new joint projects going forward.
Alphabet CEO Sundar Pichai said, "Intersect will build generation facilities in step with the pace of rising data center power demand, enabling faster and more flexible expansion of needed power and data center capacity."
He went on to say, "Through this, we will create new energy solutions that support strengthening the competitiveness of America's technology innovators."