The Japan Times - Cannon-Brookes: Australia's billionaire climate warrior

EUR -
AED 4.089192
AFN 72.375297
ALL 90.522135
AMD 403.960011
ANG 1.992858
AOA 1022.158315
ARS 1721.026204
AUD 1.622555
AWG 2.004232
AZN 1.896276
BAM 1.949815
BBD 2.252143
BDT 139.432002
BGN 1.946144
BHD 0.421903
BIF 3345.395827
BMD 1.113462
BND 1.429654
BOB 13.263287
BRL 6.211445
BSD 1.118367
BTN 105.10238
BWP 15.342766
BYN 3.348417
BYR 21823.857856
BZD 2.249176
CAD 1.584629
CDF 2577.664591
CHF 0.923589
CLF 0.027839
CLP 1095.680494
CNY 7.427182
CNH 7.425395
COP 3684.47961
CRC 505.844995
CUC 1.113462
CUP 26.84037
CVE 109.927568
CZK 24.381701
DJF 199.118389
DKK 7.475084
DOP 67.831481
DZD 152.094503
EGP 59.632022
ERN 16.701932
ETB 179.434408
FJD 2.519208
FKP 0.83586
GBP 0.836605
GEL 2.8909
GGP 0.83586
GHS 13.095801
GIP 0.83586
GMD 82.395958
GNF 9907.543483
GTQ 8.545768
GYD 234.340672
HKD 8.735945
HNL 30.063268
HRK 7.537036
HTG 146.586749
HUF 365.29322
IDR 20242.407585
ILS 3.533294
IMP 0.83586
INR 104.319432
IQD 1695.380662
IRR 2122342.339778
ISK 136.788751
JEP 0.83586
JMD 177.493575
JOD 0.789402
JPY 177.191876
KES 144.72809
KGS 97.371816
KHR 4561.020051
KMF 492.150581
KPW 1002.115879
KRW 1485.881747
KWD 0.346409
KYD 0.931931
KZT 499.292895
LAK 25171.941393
LBP 100144.948857
LKR 371.665803
LRD 190.11472
LSL 18.333846
LTL 3.287764
LVL 0.673522
LYD 7.168994
MAD 10.909213
MDL 20.095683
MGA 5110.791458
MKD 61.532684
MMK 2337.98716
MNT 4012.309549
MOP 9.036082
MRU 45.114315
MUR 52.522235
MVR 17.145125
MWK 1939.229956
MXN 20.722015
MYR 4.535686
MZN 71.160941
NAD 18.334257
NGN 1498.887566
NIO 40.91944
NOK 10.621132
NPR 168.163054
NZD 1.993353
OMR 0.428136
PAB 1.118367
PEN 3.811298
PGK 5.008631
PHP 70.414184
PKR 309.295093
PLN 4.403453
PYG 6902.757521
QAR 4.076686
RON 5.344281
RSD 117.600504
RUB 92.249092
RWF 1654.606189
SAR 4.183295
SBD 9.008741
SCR 15.35965
SDG 669.749634
SEK 11.049609
SGD 1.42779
SHP 0.834335
SLE 25.503035
SLL 23348.749147
SOS 639.13239
SRD 41.806022
STD 23046.418134
STN 24.424807
SVC 9.785874
SYP 14477.234335
SZL 18.339705
THB 37.488059
TJS 10.27756
TMT 3.897117
TND 3.340082
TOP 2.680949
TRY 55.931898
TTD 7.58465
TWD 36.590149
TZS 2948.514585
UAH 50.865607
UGX 4562.993512
USD 1.113462
UYU 45.250693
UZS 13391.53277
VES 1002.662073
VND 28565.314355
VUV 133.411902
WST 3.103285
XAF 655.957
XAG 0.021085
XAU 0.000275170461
XCD 3.009187
XCG 2.015495
XDR 0.787276
XOF 655.957
XPF 119.331742
YER 263.331712
ZAR 18.432803
ZMK 10022.446406
ZMW 22.782589
ZWL 358.534353
SSP 6397.282577
MXV 2.32832
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Cannon-Brookes: Australia's billionaire climate warrior
Cannon-Brookes: Australia's billionaire climate warrior / Photo: Drew Angerer - 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.

T.Ikeda--JT