Intersect Gets $750 Million Equity Investment Led by TPG (1)

Intersect Power LLC received a $750 million equity investment led by TPG Inc. that will help the company more than triple its portfolio of renewable energy, storage and hydrogen projects.

Existing investors Climate Adaptive Infrastructure LLC and Trilantic Energy Partners North America also participated in the funding round, San Francisco-based Intersect said in a statement Tuesday. The capital will let closely held Intersect expand its clean-energy pipeline to more than 8 gigawatts from 2.4 gigawatts now. It will also allow the company expand into new areas such as green hydrogen production.

Intersect said the infusion underscores the durability of its ...