Energy firm Intersect Power is reportedly in discussions with data center firms to develop gigawatt-scale data center campuses.
Bloomberg reports Intersect is in talks with technology companies to build two large-scale data center sites in Texas.
The company, backed by investment firm TPG, is marketing two locations in the Texas panhandle, one capable of supporting a 3GW campus and another that could host a 1GW campus, Intersect CEO Sheldon Kimber said in an interview with the publication.
Further details on which companies were looking at the campuses, or information on campus locations, weren’t shared.
“It’s the Disneyland of energy,” Kimber said. “We’re essentially going to be building microgrids that interact with the grid and at a gigawatt scale.”
He continued: “We see the potential for truly off-grid data centers where the onsite gas fills in for the role of the grid in firming the onsite renewables.”
Kimber suggests wind and solar could power the sites in question around 70 percent of the time, with the remainder covered by a grid connection or on-site natural gas plants.
Intersect Power is a US-based clean energy company with a portfolio of 2.2GW of operating solar PV and 2.4GWh of battery storage in operation or construction – mostly in Texas and California. It aims to break ground on an additional 4GW of solar and 10GWh of battery storage in 2025.
The company is backed by TPG’s Rise Climate, Climate Adaptive Infrastructure, and Trilantic Energy Partners North America. The three firms made a further $750 million equity investment in Intersect in 2022.
Intersect has previously announced a partnership with Google to develop colocated renewable power and storage technologies with new data centers across the US.
Announced late last year, Intersect will construct clean energy assets with Google as the offtaker via new data center campuses and as an anchor tenant in colocated industrial parks. Google plans to deliver gigawatts of new data center capacity across the US as part of the partnership.
Intersect has commenced financing of the partnership’s first colocated project, which is expected to be operational in 2026 and fully complete by 2027. Further details weren’t shared.
TPG’s investments include the Quantum Frederick campus in Maryland, DirecTV, Jio, Hong Kong Broadband, and numerous software companies. TPG Rise Climate pursues climate-related investments, including health and digital payments startups.