About Us

Our approach to value creation

We bring a differentiated, integrated approach across development, siting, offtake, financing, and supply chain management — designed to meet the evolving demands of tomorrow’s electricity markets. Our platform is purpose-built to execute large, complex projects with discipline, precision, and rigorous risk management.

Our proven ability to deploy large amounts of capital into innovative, grid-scale projects while achieving superior risk-adjusted returns makes our business flexible, scalable, and profitable. This track record enables us to deliver reliable, high-value energy solutions for our customers and long-term value for investors.

Company timeline

2026
IPX Power launches as an Independent Power Producer following the sale of Intersect to Google.

IPX Power launches as an Independent Power Producer following the sale of Intersect to Google.
April 3, 2026
Alphabet acquires Intersect for $4.75 billion. Existing operating assets in Texas and operating and in-development assets in California not part of the transaction.
2025
$4 billion financing for 1.4 GW solar PV + 3.1 GWh battery storage. Alphabet acquires Intersect for $4.75 billion. Existing operating assets in Texas and operating and in-development assets in California not part of the transaction.

$4 billion financing for 1.4 GW solar PV + 3.1 GWh battery storage. Alphabet acquires Intersect for $4.75 billion. Existing operating assets in Texas and operating and in-development assets in California not part of the transaction.
April 1, 2025
Alphabet acquires Intersect for $4.75 billion. Existing operating assets in Texas and operating and in-development assets in California not part of the transaction.
2024
~$840 million financing for 1 GWh of BESS. ~$900 million funding round led by TPG and Google, with participation from CAI and Greenbelt.

~$840 million financing for 1 GWh of BESS. ~$900 million funding round led by TPG and Google, with participation from CAI and Greenbelt.
April 1, 2024
~$900 million funding round led by TPG and Google, with participation from CAI and Greenbelt.
2023
$310 million growth equity raised from existing investors. Corporate load closing of up to $800 million led by Deutsche Bank, Nomura, and Santander.

$310 million growth equity raised from existing investors. Corporate load closing of up to $800 million led by Deutsche Bank, Nomura, and Santander.
October 2, 2023
Corporate load closing of up to $800 million led by Deutsche Bank, Nomura, and Santander.
2022
$750 million growth equity raised from TPG Rise Climate, CAI, & Greenbelt. $3.1 billion additional financing for Base Portfolio.

$750 million growth equity raised from TPG Rise Climate, CAI, & Greenbelt. $3.1 billion additional financing for Base Portfolio.
March 1, 2022
$3.1 billion additional financing for Base Portfolio.
2021
$2.6 billion financing for 2.2 GW of solar PV + 1.4 GWh battery storage (Base Portfolio).

$2.6 billion financing for 2.2 GW of solar PV + 1.4 GWh battery storage (Base Portfolio).
March 1, 2021
Financial closing on $2.6B financing for entire portfolio through 2023
2020
Sale of 1.7 GW of NTP U.S. solar projects to Softbank Energy. ~130 million equity raised from CAI and Greenbelt and ~$480 credit facility with Generate and Carval.

Sale of 1.7 GW of NTP U.S. solar projects to Softbank Energy. ~130 million equity raised from CAI and Greenbelt and ~$480 credit facility with Generate and Carval.
March 1, 2020
~130 million equity raised from CAI and Greenbelt and ~$480 credit facility with Generate and Carval.
2016
Intersect Power Formation.

Intersect Power Formation.
March 1, 2016

Our customers

Our customers include some of the nation’s largest energy users and clean energy investors, including utilities, community choice aggregators, large corporate buyers, and energy service providers.

We deliver cost-effective, reliable, and socially responsible energy solutions, enabled by a strong domestic supply chain. Our energy products sustainably power homes and businesses, and advance a more resilient energy system.

American supply chain

The IPX project portfolio utilizes as much domestically manufactured equipment for our projects as possible. Our robust supply chain strategy supports the successful delivery of complex solar photovoltaic facilities and battery energy storage systems, prioritizing domestic materials.

We actively manage supply chain risk through disciplined technology selection, early contracting of critical equipment, and close collaboration with EPC partners and counterparties.

Local impact

We strive to be an active member and steward of the communities where we develop, own, and operate clean energy projects. Our projects support rural economic development for both landowners and the local community through job creation, increased tax revenue, and support of local nonprofit organizations.

By prioritizing a domestic supply chain, we also support the growth of U.S. manufacturing by sourcing American-made solar panels, batteries, and steel. We work closely with local communities and aim to build long-term relationships and deliver lasting community benefits.

Our team

Executive Leadership

David Brochu

Chief Executive Officer

Todd Johansen

Chief Commercial Officer

Nick Pape

Chief Financial Officer

John K. Martinez

Chief Operating Officer

Our investors

TPG Rise Climate

TPG Rise Climate is the dedicated climate investing platform of TPG, a leading global alternative asset management firm. With dedicated pools of capital across private equity, transition infrastructure, and the Global South, TPG Rise Climate pursues climate-related investments that benefit from the diverse skills of TPG’s investing professionals around the world, the strategic relationships and insights developed across TPG’s broad portfolio of climate companies, and a global network of executives, advisors, and corporate partners. As part of TPG’s $29 billion global impact investing platform, TPG Rise Climate invests broadly across the climate sector, with a focus on building and scaling leading climate solutions across the following thematic areas: clean electrons, clean molecules and materials, and adaptive solutions.

Climate Adaptive Infrastructure

Founded in 2019, Climate Adaptive Infrastructure (“CAI”) is an infrastructure investment firm specializing in low-carbon real assets in the energy, water and urban infrastructure sectors. The firm seeks investments across core infrastructure assets that improve sustainability and quality of life for the world’s large and growing population. CAI selects, finances, constructs and manages its investments using climate screens and metrics designed to enhance investment returns and reduce carbon emissions.

Greenbelt Capital Partners

Greenbelt Capital Partners is a private equity firm focused on investing in leading middle-market companies that are enabling the transition to a more resilient and electrified energy future. With approximately $3 billion in assets under management, Greenbelt aims to partner with exceptional management teams to drive growth and build lasting value across its portfolio. The senior team at Greenbelt has committed approximately $6 billion of equity capital across multiple portfolio companies and consummated over $70 billion of M&A and financings in over 260 transactions.

Join our growing team.