Intersect Power raises $750m to develop renewable energy portfolio

By John Engel Follow @EngelsAngle

Intersect Power has announced a $750 million growth equity investment to accelerate the development of its clean energy and energy storage portfolio.

The investment supports Intersect Power’s focus on shorter tenor offtake contracts combined with large-scale battery storage and new products, like green hydrogen.

TPG Rise Climate led the investment with participation from existing investors, Climate Adaptive Infrastructure, and Trilantic Energy Partners North America.

Intersect Power’s project portfolio

As part of the investment, Beckley, Mandel, and Maryanne Hancock, CEO of TPG’s Y Analytics, will represent TPG Rise Climate on Intersect Power’s board of directors, alongside Bill Green of CAI and Glenn Jacobson

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