Mayor of San Francisco Welcomes Clean Energy Company to Historic Downtown
SAN FRANCISCO — Mayor Daniel Lurie is continuing to accelerate downtown San Francisco’s recovery and make the city a welcoming place for clean energy companies and climate innovation.
San Francisco’s economic reliance on industries operating from downtown offices was made clear at the onset of the pandemic, with a persistent downtown office vacancy rate exceeding 30% due to the shift to remote work.
“Downtown has always been the economic engine that funds the services we care about, and its post-pandemic difficulties are the driving reason for the deficit we now face,” former Mayor London Breed said in 2024.
Now, Intersect Power’s announcement that it is opening its first brick and mortar headquarters at 140 New Montgomery Street in the historic downtown “marks another step in downtown’s comeback and underscores the city’s dominance as a global innovation hub and technology leader.”
“Whether you’re a housing developer, a startup founder, or a global company — if you’ve got a vision, we want you to build it here,” said Lurie. “San Francisco is the place to be for the companies driving the future of climate innovation, and I am thrilled to welcome Intersect Power and their new headquarters to downtown San Francisco.”
Intersect’s new headquarters is the latest in a series of investments in the city by clean energy companies.
During last month’s Climate Week, which drew more than 30,000 attendees and 1,000 organizations to San Francisco, Lurie joined It’s Electric in launching the city’s first curbside EV charging stations.
In April, Lurie and Redwood Materials, a lithium-ion battery recycling and production company, announced the company’s new research and development facility at 100 Hooper Street. In March, Revel opened its first West Coast charging station in San Francisco’s Mission District.
Intersect will occupy 12,000 square feet, covering a full floor in the historic Pembroke property. The building has been a symbol of technology and connection from its construction 100 years ago as the headquarters of one of the country’s first telecommunications companies to its role today as a hub for innovative businesses.
“As the digital landscape undergoes a profound transformation, driven by the immense potential of AI, San Francisco remains the undeniable epicenter of that progress,” said Sheldon Kimber, CEO and founder of Intersect Power in a recent press release.
Intersect has grown exponentially as it moves forward in building AI data centers with a “power-first” approach that co-locates data centers with power generation.
“With a combination of wind, solar, battery storage and flexible gas generation, the company can provide the speed, scale, reliability and cost that data center customers require,” according to the press release.
As approximately a quarter of Intersect employees are based in the Bay Area, San Francisco has served as a main destination and meeting point for the company’s quarterly co-working team weeks, bringing together employees from across North America.
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