Intersect Power has announced a $750 million growth equity investment led by TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, with additional participation from existing investors Climate Adaptive Infrastructure (CAI), and Trilantic Energy Partners North America.
The strategic partnership and investment will accelerate the achievement of Intersect Power’s continued progress in implementing its vision to enable pathways between clean electricity and the broader economy.
The growth equity investment will provide significant capital to scale Intersect Power’s business, including the company’s renewable energy portfolio and new product pipeline in the rapidly expanding clean energy sector. This investment supports the company’s differentiated focus on shorter-tenor offtake contracts combined with large-scale battery storage and new products, like green hydrogen, allowing it to benefit from the superior