Intersect Power is a clean energy company that develops, owns, and operates grid‑tied solar PV and battery storage assets and co‑located facilities for large industrial loads including data centers and e‑fuels. The company focuses on transformative projects that decarbonize the existing power grid and bring new loads to clean generation without the need for new transmission. Intersect reports a base portfolio of 2.2 GW of operating solar PV and 2.4 GWh of battery storage in operation or construction, representing roughly $4 billion in capital investments. It plans to break ground on an additional 4 GW of solar PV and 10 GWh of battery storage representing about $9 billion of assets in 2025. Intersect announced a strategic partnership with Google and TPG Rise Climate to provide scaled renewable power and storage solutions to new data centers, and is financing the partnership’s first co‑located clean energy project. That project is expected to be operational in 2026 and fully complete by 2027. Intersect Power is a San Francisco-based clean energy company that develops clean energy resources to deliver low‑carbon electricity, fuels, and related products to customers in retail and wholesale energy markets. Led by CEO Sheldon Kimber, the company focuses on scalable low‑carbon solutions including solar PV and co‑located storage. It has an 8.5+ GWp and 8+ GWh mid-to-late stage pipeline and a base portfolio that includes 2.2 GWp of solar PV and 1.4 GWh of co‑located storage slated to be in operation by 2023. In June 2022 Intersect raised $750M in growth equity to fund scaling of its renewable energy portfolio and new product pipeline. The company intends to use the funds to accelerate entry into new markets and technologies, including plans for nearly 1 GW of green hydrogen production. Proceeds will support continued development across the United States of its mid-to-late stage portfolio totaling more than 8.5 GWp and 8+ GWh. Intersect Power develops utility-scale renewable energy projects, focusing on solar and energy storage and offering development, design, engineering, finance and operations services. The company has developed 3.7 GWDC of solar assets with a portfolio value of more than $8 billion and has developed and sold over 1.7 GWDC of contracted solar projects across California and Texas. It also reports a late-stage pipeline of 3.2 GWDC of solar and storage projects expected to be in operation by 2023. Intersect says it will use new capital to more quickly scale its core solar and storage business and to expand into emerging clean infrastructure classes, including green hydrogen. The company positions itself as a scalable independent power producer that leverages connectivity between capital markets, supply chains and technology to deploy low-carbon infrastructure. Founded in 2016 and based in San Francisco, CA, Intersect emphasizes experience across all phases of utility-scale project delivery.

Total raised

$2.2B

Funding rounds

4

Latest round

Equity

Latest activity

Dec 2024