The China Mail - Cannon-Brookes: Australia's billionaire climate warrior

USD -
AED 3.672504
AFN 66.344071
ALL 83.58702
AMD 382.869053
ANG 1.789982
AOA 917.000367
ARS 1405.057166
AUD 1.540832
AWG 1.805
AZN 1.70397
BAM 1.691481
BBD 2.013336
BDT 122.007014
BGN 1.69079
BHD 0.374011
BIF 2943.839757
BMD 1
BND 1.3018
BOB 6.91701
BRL 5.332404
BSD 0.999615
BTN 88.59887
BWP 13.420625
BYN 3.406804
BYR 19600
BZD 2.010326
CAD 1.40485
CDF 2150.000362
CHF 0.80538
CLF 0.024066
CLP 944.120396
CNY 7.11935
CNH 7.12515
COP 3780
CRC 501.883251
CUC 1
CUP 26.5
CVE 95.363087
CZK 21.009504
DJF 177.720393
DKK 6.457204
DOP 64.223754
DZD 129.411663
EGP 46.950698
ERN 15
ETB 154.306137
EUR 0.86435
FJD 2.28425
FKP 0.763092
GBP 0.759936
GEL 2.70504
GGP 0.763092
GHS 10.930743
GIP 0.763092
GMD 73.000355
GNF 8677.076622
GTQ 7.659909
GYD 209.133877
HKD 7.77703
HNL 26.282902
HRK 6.514104
HTG 133.048509
HUF 332.660388
IDR 16685.5
ILS 3.24758
IMP 0.763092
INR 88.639504
IQD 1309.474904
IRR 42100.000352
ISK 126.580386
JEP 0.763092
JMD 160.439
JOD 0.70904
JPY 153.43504
KES 129.203801
KGS 87.450384
KHR 4023.264362
KMF 421.00035
KPW 899.97951
KRW 1455.990383
KWD 0.306904
KYD 0.83302
KZT 524.767675
LAK 21703.220673
LBP 89512.834262
LKR 304.684561
LRD 182.526573
LSL 17.315523
LTL 2.95274
LVL 0.60489
LYD 5.458091
MAD 9.265955
MDL 17.042585
MGA 4492.856402
MKD 53.206947
MMK 2099.259581
MNT 3583.067197
MOP 8.007472
MRU 39.595594
MUR 45.910378
MVR 15.405039
MWK 1733.369658
MXN 18.44605
MYR 4.176039
MZN 63.950377
NAD 17.315148
NGN 1436.000344
NIO 36.782862
NOK 10.153804
NPR 141.758018
NZD 1.777162
OMR 0.38142
PAB 0.999671
PEN 3.37342
PGK 4.220486
PHP 58.805504
PKR 282.656184
PLN 3.665615
PYG 7072.77311
QAR 3.643196
RON 4.398804
RSD 102.170373
RUB 80.869377
RWF 1452.42265
SAR 3.750713
SBD 8.230592
SCR 13.652393
SDG 600.503676
SEK 9.528504
SGD 1.301038
SHP 0.750259
SLE 23.203667
SLL 20969.499529
SOS 571.228422
SRD 38.599038
STD 20697.981008
STN 21.189281
SVC 8.746265
SYP 11055.784093
SZL 17.321588
THB 32.395038
TJS 9.226139
TMT 3.51
TND 2.954772
TOP 2.342104
TRY 42.211304
TTD 6.77604
TWD 30.981804
TZS 2455.000335
UAH 41.915651
UGX 3498.408635
UYU 39.809213
UZS 12055.19496
VES 228.194038
VND 26310
VUV 122.098254
WST 2.816104
XAF 567.301896
XAG 0.020687
XAU 0.00025
XCD 2.70255
XCG 1.801521
XDR 0.707015
XOF 567.306803
XPF 103.14423
YER 238.503589
ZAR 17.29905
ZMK 9001.203584
ZMW 22.615629
ZWL 321.999592
  • RBGPF

    0.0000

    76

    0%

  • SCS

    0.0000

    15.76

    0%

  • GSK

    -0.4700

    46.63

    -1.01%

  • JRI

    -0.0100

    13.74

    -0.07%

  • RIO

    0.0600

    69.33

    +0.09%

  • AZN

    0.8100

    84.58

    +0.96%

  • NGG

    1.4600

    77.75

    +1.88%

  • CMSC

    0.0700

    23.85

    +0.29%

  • BCC

    -0.0900

    70.64

    -0.13%

  • RELX

    -1.1200

    42.27

    -2.65%

  • BCE

    0.0200

    23.19

    +0.09%

  • CMSD

    0.0900

    24.1

    +0.37%

  • BTI

    0.3800

    54.59

    +0.7%

  • VOD

    0.2400

    11.58

    +2.07%

  • RYCEF

    -0.1800

    14.82

    -1.21%

  • BP

    0.7600

    36.58

    +2.08%

Cannon-Brookes: Australia's billionaire climate warrior
Cannon-Brookes: Australia's billionaire climate warrior / Photo: © GETTY IMAGES NORTH AMERICA/AFP

Cannon-Brookes: Australia's billionaire climate warrior

Tech billionaire Mike Cannon-Brookes once joked he could not tell the difference between an AA battery in his kids' toys and the gigantic lithium-ion units powering today's green energy revolution.

Text size:

Today, he is the driving force behind a $24 billion project to build the world's largest solar battery hub in Australia's remote outback.

The 44-year-old was born in the United States before moving to Sydney at an early age.

He gained riches and public attention through software start-up Atlassian and investments in high-profile sports teams like the NBA's Utah Jazz.

But a lost wager with Elon Musk seven years ago set him on a path towards massive renewable energy investments -- and he has not looked back since.

He and university friend Scott Farquhar founded Atlassian in 2002 with few expectations.

"Our goals when we started were not to have to get a real job and to not have to wear a suit to work every day," Cannon-Brookes once recalled.

Atlassian now has 12,000 employees in 13 countries and "our software is being used on not just one, but two planets" he boasts, referencing the firm's involvement with NASA Mars rovers.

It also made him one of Australia's richest people -- with an estimated net worth of more than $10 billion.

His involvement with renewables began almost by accident -- thanks to self-described "idiocy on Twitter".

- Twitter 'idiocy' -

Back in March 2017, Australia was in the grip of an energy crisis, which Musk claimed Tesla batteries could solve in 100 days.

"Without thinking, I fired off a bunch of tweets, challenging them and saying 'were they really serious about this?'" Cannon-Brookes recalled in a TEDx talk a few months later.

If Musk could deliver what was then the world's biggest lithium-ion battery within 100 days, Cannon-Brookes promised to pay for it.

If Musk took longer than that, the battery would be free.

Within 60 days, the battery was switched on and Cannon-Brookes had lost the bet.

He was, he admits, "miles out of my depth".

"At the time, I really couldn't tell you the difference between a one-and-a-half volt battery that goes in my kids' toys and a 100-megawatt-hour industrial-scale battery facility," he later said.

"I remember thinking to myself, 'Shit. I've kind of started something here and I can't really get out."

"So I spent a week trying to learn everything I could about industrial-scale batteries and the electricity grid and renewables and the economics of all of this".

That was the spark that led to billions of dollars worth of green projects, including renewable energy initiatives and a plant-based meat startup.

He now holds the largest stake in AGL, Australia's largest electricity provider.

His ties with coal-hungry AGL might seem surprising at first, especially since he once called the company "one of the most toxic" on the planet.

But his Trojan Horse campaign is forcing the firm to decarbonise by closing two of its biggest coal-fired power stations years earlier than planned.

His latest SunCable project is perhaps even more radical.

It will include a vast array of solar panels, batteries and, eventually, a cable linking Australia with Singapore. It is slated to power three million homes.

Cannon-Brookes believes the case for renewables -- and projects like the one he is building in northern Australia -- make both business and climate sense.

"The green economy is Australia's golden ticket," he insists.

"At this point in history -- we no longer need to talk as much about stopping things, because the economy has done that for us.

"Fossil fuels are unreliable and expensive compared to renewables when it comes to energy generation. We'll see this filter through industry after industry. We will electrify everything."

For a man who never wanted a "real job", Cannon-Brookes has certainly kept himself busy.

S.Wilson--ThChM