Sheldon Kimber joins Intersect Power as CEO and Founder (retained post-acquisition by Alphabet)

Context

Alphabet announced the $4.75B acquisition of Intersect Power, with Kimber retained as CEO. Intersect's grid-tied clean energy assets were spun out into a new entity (IPX Power). Total enterprise value across transactions: $12B. Kimber was honored by Goldman Sachs as one of the Most Exceptional Entrepreneurs of 2024.

Tags

Sources

• https://www.esgdive.com/news/alphabet-acquires-clean-energy-developer-intersect-portfolio-4-75b-google-data-centers/808756/(press release)