Alan Hunter
Funding

National Renewable Network secures $10 million for retail solar and battery roll out

- January 17, 2024 2 MIN READ

Green energy infrastructure startup National Renewable Network (NRN) has secured $10 million in funding as part of its ambition to provide low cost solar and battery setups to 250,000 Australian homes by 2030. The funding facility of up to $10 million has come from Catalytic Impact Capital, an impact/ESG-focused private credit business offering secured loan… Read more »

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 »

ARENA CEO Darren Miller
Events

The ARENA Renewables Showcase is on the hunt for startups to pitch for funding

- August 7, 2023 2 MIN READ

The annual ARENA Renewables Startup Showcase is heading to Melbourne this year, with applications now open for startups interested in taking part. Pioneering startup network Innovation Bay and the Australian Renewable Energy Agency (ARENA) have teamed up again  for the fourth showcase, which takes place on Wednesday, November 1, at Cargo Hall in Melbourne. They’re looking for early… Read more »

Energy
Climate Tech

Why thermal energy storage is the overlooked solution to Australia’s renewable energy problems

- April 12, 2023 3 MIN READ

Australia’s transition to renewables is gathering speed, but there’s a looming problem with storage. We will need much more long-duration storage to get us through the night, once coal and fossil gas exit the system. We also need to find new and better ways to create heat for industrial processes. Renewables can supply much of… Read more »

5b solar panels
Climate Tech

The collapse of the $30 billion Sun Cable project isn’t the end of Australia’s ambitions to export renewable energy

- January 16, 2023 4 MIN READ

Sun Cable – considered to be the world’s biggest renewable energy export project – announced this week it had entered voluntary administration following “the absence of alignment” with shareholders. Sun Cable is expected to cost over A$30 billion. It proposes to build an enormous, 12,000 hectare solar farm in the Northern Territory, add an enormous… Read more »

Funding

Telstra Ventures backs renewables software startup OpenSolar in $22 million series B

- January 12, 2023 2 MIN READ

Australian-born US-based solar panel design and sales platform OpenSolar has raised US$15 million (A$22m) in a Series B. Telstra Ventures led the round, announced last month, with support from sustainability fund 2150 and existing investors including Jeff Tannenbaum’s Titan Grove and solar entrepreneurs Alec Guettel and Howard Wenger. The funds will be used to expand… 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 »