Intersect Power

Develops and operates clean energy projects

Beaverton, Oregon, United States

About Intersect Power

Intersect Power focuses on creating large-scale clean energy projects that aim to significantly reduce carbon emissions. The company develops, constructs, and operates renewable energy infrastructure, primarily solar power plants, and sells the generated electricity to various clients, including businesses and government entities, through structured agreements known as offtakes. This model provides a stable revenue stream by ensuring energy is sold at predetermined prices. Intersect Power stands out from competitors due to its innovative approach to integrating clean electricity into the economy and its recognition in the Sustainability category of Fast Company's 2024 World Changing Ideas Awards. The company's goal is to redefine the clean energy industry and contribute to deep decarbonization efforts to combat climate change.

Beaverton, OregonHeadquarters
2016Year Founded
$7,309MTotal Funding
DEBTCompany Stage
Energy, Social ImpactIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Unlimited Paid Time Off
Paid Vacation
Parental Leave
Mental Health Support
Family Planning Benefits
Phone/Internet Stipend
Home Office Stipend

Risks

Dependence on large clients like Google poses revenue risks.
Rapid expansion may strain financial resources and cause cash flow issues.
Competitive landscape intensification could impact market share and pricing power.

Differentiation

Intersect Power integrates clean electricity into the broader economy innovatively.
The company has a pipeline of 3.2GWDC solar and storage projects for 2023.
Intersect Power operates in both retail and wholesale energy markets.

Upsides

Google's $800m investment boosts Intersect Power's clean energy initiatives.
Federal incentives from the Inflation Reduction Act enhance project financial viability.
Advancements in solar panel efficiency improve project profitability.

Funding