The startup develops utility-scale renewable energy solutions, including green hydrogen and carbon capture technologies, to provide low-carbon alternatives for energy and commodity markets. By utilizing renewable electricity, the company offers a sustainable option to replace fossil fuels in transportation and chemical processes.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The increasing demand for energy, particularly from data centers and other energy-intensive industries, strains existing power grids and necessitates a transition to low-carbon energy sources to mitigate climate change. Traditional grid infrastructure struggles to efficiently deliver clean energy to these new loads, hindering decarbonization efforts.
Solution
Intersect Power develops, owns, and operates utility-scale renewable energy and storage assets, enabling the deep decarbonization of the energy sector. The company focuses on co-locating power generation with large industrial loads, such as data centers and e-fuel production, to reduce transmission requirements and improve energy reliability. By integrating renewable energy sources like solar PV with battery storage, Intersect Power delivers high-capacity factor, low-cost clean electricity directly to these energy-intensive facilities. This approach facilitates the growth of zero-carbon industries while easing the burden on existing grid infrastructure and supporting rural economic development through job creation and local tax revenue.
Target Audience
Intersect Power serves large energy users and clean energy investors, including utilities, community choice aggregators, corporate buyers, energy services companies, and energy traders, as well as data centers and other energy-intensive industries seeking reliable, low-carbon energy solutions.
Features
- Vertically integrated platform encompassing development, procurement, construction, financing, and operation of clean energy assets
- Expertise in developing and managing grid-tied renewable energy projects and co-located power facilities
- Portfolio of utility-scale solar PV and battery storage projects in operation or under construction
- Focus on high-capacity factor, low-cost electricity generation to enable emerging zero-carbon industries
- Strategic partnerships to deliver gigawatts of new data center capacity with co-located clean power generation
- Proactive investment in securing domestically manufactured equipment for complex integrated projects
- Expertise in navigating power markets and optimizing energy dispatch