George Town, Tamar River
Climate Tech

The Cannon-Brookes-backed SunCable project wants to build a $1 billion manufacturing plant in Tasmania for its 4200km underwater power line

- November 6, 2023 2 MIN READ

The $30 billion SunCable project, backed by Atlassian billionaire Mike Cannon-Brooks, wants to build the high voltage under power cable that will stretch from Darwin to Singapore at a manufacturing facility in Northern Tasmania. Bell Bay, 50km north of Launceston, at the mouth of the Tamar River, has been named as SunCable’s preferred site for… Read more »

Mike Cannon-Brookes
Climate Tech

Mike Cannon-Brookes gets his hands on the $30 billion SunCable project

- September 11, 2023 3 MIN READ

Atlassian cofounder and billionaire investor Mike Cannon-Brookes has taken charge of the $30 billion SunCable solar power project he once labelled as “insane”, with the deal to buy it from the company’s administrators going through last week. Helietta Holdings a joint venture company affiliated with his family venture capital firm, Grok Ventures, in partnership with… Read more »

Mike Cannon-Brookes
People

Atlassian billionaire Mike Cannon-Brookes and his wife Annie are separating

- July 24, 2023 3 MIN READ

Atlassian co-founder and father of four Mike Cannon-Brookes has separated from his US-born wife, Annie, after 13 years of marriage. News of the demerger emerged over the weekend in Nine newspapers, citing “sources close to the family”. An Atlassian spokesperson declined to comment. An unauthorised source told the media: “They’re both focussed on their children… Read more »

Mike Cannon-Brookes
Business

Mike Cannon-Brookes lends Sun Cable $65 million to keep the show on the road as its administrators look for a buyer

- January 24, 2023 2 MIN READ

Atlassian cofounder and billionaire investor Mike Cannon-Brookes has lent Sun Cable, the startup behind a $30 billion project to send solar power to Singapore, $65 million to keep operating as the company’s voluntary administrators look to sell the business. Cannon-Brookes is making the no interest loan through his family venture capital firm, Grok Ventures after… Read more »

Mike Cannon-Brookes
Business

The $30 billion Sun Cable project hits voluntary administration amid falling out between billionaire backers Mike Cannon-Brookes and Andrew Forrest

- January 12, 2023 2 MIN READ

A $30 billion project to send solar-generated power made in Australia to Singapore has been placed in voluntary administration (VA) amid a reported falling out between its key backers, the tech and mining billionaires Mike Cannon-Brookes and Dr Andrew Forrest. Cannon-Brookes and Forrest are cornerstone investors in Singapore-based Sun Cable – the Atlassian co-founder through his private… Read more »

ASX

Mike Cannon-Brookes just had a massive win in his battle for the soul of energy giant AGL

- November 15, 2022 2 MIN READ

Renewable energy activist Mike Cannon-Brookes has succeeded in his campaign to shake up the board of energy giant AGL with shareholders voting at today’s annual general meeting to appointment four new directors to the AGL board on the recommendation of the Atlassian cofounder’s family VC firm, Grok Ventures. Former Energy Security board chair Kerry Schott,… Read more »

Mike Cannon-Brookes
ASX

Mike Cannon-Brookes doesn’t rule out 3rd AGL takeover bid amid board seats push

- May 31, 2022 2 MIN READ

Atlassian founder Mike Cannon-Brookes is looking for a place at the AGL board table after routing the company’s CEO and chairman and derailing the company’s demerger plan, and may make a third takeover bid for Australia’s biggest energy supplier. Cannon-Brookes spent around $650 million through his family venture capital firm, Grok Ventures, to take an… Read more »

Climate Tech

GASLIGHTED: Mike Cannon-Brookes scores emphatic win as AGL dumps demerger plan. So what happens next?

- May 30, 2022 4 MIN READ

Billionaire Mike Cannon-Brookes has won a major battle against Australia’s biggest energy company, AGL Energy, thwarting its plan to split up the company’s coal-heavy generation and power distribution assets. AGL’s board announced it was dumping its demerger proposal this morning. Heads have rolled too. Chief executive Graeme Hunt, chairman Peter Botten and non-executive director Jacqueline… Read more »

People

Time declares Mike Cannon-Brookes as one of the world’s top 100 influential people

- May 24, 2022 2 MIN READ

Time Magazine has named Atlassian co-founder and co-CEO Mike Cannon-Brookes as one of the 100 most influential people of 2022.   The tech entrepreneur and net zero advocate is listed among 18 people, including former Google ethical AI computer scientist Timnit Gebru, and New Zealand film director Taika Waititi, in the innovators category. Apple CEO… Read more »

ASX

Mike Cannon-Brookes launches campaign against AGL’s demerger after Grok Ventures buys 11.3% of the energy giant

- May 2, 2022 2 MIN READ

Atlassian co-founder Mike Cannon-Brookes has wasted no time in becoming an activist shareholder after taking an 11.3% stake in energy giant AGL. The billionaire launched a campaign with the slogan “Keep it together” to oppose AGL’s plans for a demerger, creating two separate ASX-listed companies, just hours after news emerged that he’d become AGL’s largest… Read more »

5b solar panels
Funding

Cannon-Brookes, Twiggy Forrest double down on $30bn Sun Cable project in $210 million Series B

- March 14, 2022 2 MIN READ

Tech and mining billionaires Mike Cannon-Brookes and Dr Andrew Forrest have ramped up their support for a $30 billion project to supply solar power from the Australia to Singapore, leading a $210 million Series B round into Sun Cable. Singapore-based Sun Cable’s $30 billion plan was first revealed in 2019, with Cannon-Brookes and Forrest as cornerstone… Read more »

Politics

Why Australian politicians should welcome the AGL takeover plan by Mike Cannon-Brookes

- February 25, 2022 4 MIN READ

Prime Minister Scott Morrison has flatly opposed the bid led by tech billionaire Mike Cannon-Brookes to buy Australia’s biggest energy company AGL and spend A$20 billion switching it to renewables. This includes closing its coal power stations by 2030. As Morrison stated this week: We need to ensure that our coal-fired generation of electricity runs… Read more »