The Fort Worth Press - Cannon-Brookes: Australia's billionaire climate warrior

USD -
AED 3.673026
AFN 69.504121
ALL 89.39045
AMD 387.175704
ANG 1.803175
AOA 926.336003
ARS 960.501971
AUD 1.48235
AWG 1.8
AZN 1.69797
BAM 1.759367
BBD 2.02015
BDT 119.561013
BGN 1.75778
BHD 0.376754
BIF 2894
BMD 1
BND 1.295642
BOB 6.938335
BRL 5.510328
BSD 1.000405
BTN 83.804812
BWP 13.260469
BYN 3.273937
BYR 19600
BZD 2.01655
CAD 1.358885
CDF 2870.000038
CHF 0.845045
CLF 0.033436
CLP 922.595795
CNY 7.093499
CNH 7.097925
COP 4227.03
CRC 518.911626
CUC 1
CUP 26.5
CVE 99.550102
CZK 22.613097
DJF 177.720236
DKK 6.708598
DOP 60.099154
DZD 132.293939
EGP 48.432698
ERN 15
ETB 113.941708
EUR 0.89906
FJD 2.2159
FKP 0.761559
GBP 0.75707
GEL 2.701381
GGP 0.761559
GHS 15.711096
GIP 0.761559
GMD 70.000338
GNF 8650.000296
GTQ 7.738947
GYD 209.31948
HKD 7.79395
HNL 24.813342
HRK 6.799011
HTG 131.837194
HUF 354.320003
IDR 15369.3
ILS 3.745395
IMP 0.761559
INR 83.855495
IQD 1310.687909
IRR 42104.999768
ISK 136.929611
JEP 0.761559
JMD 157.288715
JOD 0.708697
JPY 140.651048
KES 129.000091
KGS 84.668802
KHR 4075.000404
KMF 442.749828
KPW 899.999433
KRW 1319.929736
KWD 0.30494
KYD 0.833806
KZT 481.097369
LAK 22104.999936
LBP 89600.000206
LKR 302.163451
LRD 194.950194
LSL 17.674538
LTL 2.95274
LVL 0.60489
LYD 4.774884
MAD 9.746863
MDL 17.384069
MGA 4526.197436
MKD 55.328274
MMK 3247.960992
MNT 3397.999955
MOP 8.033086
MRU 39.789502
MUR 45.950083
MVR 15.350065
MWK 1734.898574
MXN 19.30305
MYR 4.301498
MZN 63.875035
NAD 17.674379
NGN 1639.097505
NIO 36.819143
NOK 10.607435
NPR 134.0877
NZD 1.615285
OMR 0.384948
PAB 1.000495
PEN 3.776032
PGK 3.967076
PHP 55.725971
PKR 278.624972
PLN 3.844575
PYG 7778.527414
QAR 3.640498
RON 4.471503
RSD 105.222018
RUB 91.397566
RWF 1340
SAR 3.75307
SBD 8.36952
SCR 13.413176
SDG 601.500226
SEK 10.194802
SGD 1.295861
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 571.767839
SRD 29.750502
STD 20697.981008
SVC 8.754554
SYP 2512.529936
SZL 17.665842
THB 33.280992
TJS 10.645347
TMT 3.51
TND 3.0295
TOP 2.349796
TRY 33.993975
TTD 6.792894
TWD 31.863992
TZS 2729.452965
UAH 41.512443
UGX 3716.96382
UYU 41.101066
UZS 12755.81343
VEF 3622552.534434
VES 36.729602
VND 24545
VUV 118.722009
WST 2.797463
XAF 590.075114
XAG 0.032441
XAU 0.000387
XCD 2.702549
XDR 0.74151
XOF 590.077768
XPF 107.281968
YER 250.303129
ZAR 17.634802
ZMK 9001.205751
ZMW 26.438177
ZWL 321.999592
  • RBGPF

    5.1600

    62.16

    +8.3%

  • RYCEF

    0.0300

    6.59

    +0.46%

  • CMSC

    -0.0800

    25.03

    -0.32%

  • NGG

    0.6500

    70.25

    +0.93%

  • BCC

    -0.7600

    135.1

    -0.56%

  • SCS

    0.2500

    14.04

    +1.78%

  • RIO

    0.6500

    63.2

    +1.03%

  • VOD

    0.1650

    10.335

    +1.6%

  • AZN

    0.7450

    79.015

    +0.94%

  • RELX

    0.3850

    48.095

    +0.8%

  • GSK

    0.5150

    43.525

    +1.18%

  • CMSD

    -0.0400

    25.06

    -0.16%

  • BCE

    -0.1911

    34.475

    -0.55%

  • JRI

    0.0920

    13.282

    +0.69%

  • BTI

    0.2050

    39.375

    +0.52%

  • BP

    0.4250

    32.265

    +1.32%

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.

P.McDonald--TFWP