Alphabet Inc. has announced the acquisition of clean energy company Intersect Power for $4.75 billion in cash and debt. This strategic move aims to bolster Google's AI data center expansion by enhancing its control over power generation. Intersect Power, which manages $15 billion in U.S. energy assets and is backed by TPG, will retain its brand and leadership team post-acquisition. The acquisition comes as Alphabet seeks to address rising demand and inflation concerns, while also supporting the transition of bitcoin miners to AI and high-performance computing. This aligns with the growing trend of integrating AI and cryptocurrency technologies.