#USA #Clean Energy #Mill Valley #IPX Power #CAI

IPX Power Launches as an Independent Power Producer

On March 12, 2026, Climate Adaptive Infrastructure (CAI) unveiled the establishment of IPX Power, a new independent power producer. This launch comes shortly after the sale of Intersect to Google, providing IPX a solid foundation for growth and innovation in the clean energy sector. The acquisition marks a new chapter for Intersect while allowing IPX to focus on developing and operating extensive clean energy resources across the U.S.

A Robust Portfolio of Solar and Storage

Based in Mill Valley, California, IPX Power boasts an impressive portfolio, which includes 4.4 gigawatts (GW) of solar photovoltaic (PV) capacity and 8.8 gigawatt-hours (GWh) of battery storage both in operation and under construction. Among these assets, IPX is working on one of the world’s largest battery energy storage systems, a clear indication of their commitment to advancing energy technology and reliability.

David L. Brochu, who has taken the helm as CEO, expressed great enthusiasm for the new ventures IPX is embarking on. He highlighted the importance of creating sustainable and affordable energy solutions for various customers, such as utilities and large corporate users. “I am incredibly proud to be part of a world-class organization whose grit and expertise have led to the formation of a powerhouse in the energy sector,” Brochu stated, emphasizing the significant projects in the pipeline.

Strategic Support from CAI and Key Investors

IPX Power is not diving into this journey alone. It will continue to receive backing from CAI, which was one of the founding investors in Intersect Power. Additional support comes from other renowned investors, including TPG Rise Climate and Greenbelt Capital Partners. Together, they aim to propel IPX to significant heights by leveraging their experience in large-scale solar and storage projects.

Bill Green, Managing Partner at CAI, praised the remarkable work of Brochu and the IPX team. He highlighted their capability in managing extensive clean energy projects, which does not only cater to the energy demands but also aligns with essential decarbonization efforts in North America.

Meeting Future Energy Demands

As IPX moves forward, its role in the energy landscape becomes increasingly vital. The U.S. is projected to need approximately 250 GW of new energy infrastructure by 2030 to meet growing demand. IPX aims to position itself as a leader in fulfilling this need and is actively engaging with various stakeholders, including community choice aggregators and energy service providers.

With IPX’s comprehensive understanding of the clean energy market, combined with their ambitious projects, they are on track to build and operate billions of dollars’ worth of new infrastructure. This initiative not only seeks to enhance IPX's operational capabilities but also aims to contribute significantly to the sustainability goals of their partners.

Looking Ahead: Innovations in Clean Energy

IPX Power's agenda includes several projects in different development stages, which involve gigawatts of additional solar and battery storage capacity. Their strategic approach emphasizes creating innovative energy solutions that not only enhance market competitiveness but also support environmental sustainability.

As they embark on this new journey, IPX Power is set to transform how clean energy is produced and delivered in the U.S., all while ensuring affordable and reliable power to its customers. With a robust leadership team and supportive investors, IPX's future looks promising in shaping the next era of renewable energy.

For further information about IPX Power and its initiatives, visit IPXPower.com.