The Atlassian founder’s portfolio has gradually morphed from helping software developers to saving the world. His portfolio of green investments includes stakes in Sun Cable, Genex, Brighte and Melior. Mike Cannon-Brookes made his fortune with niche software for helping corporate teams collaborate, but the Atlassian founder’s surprise play for AGL shows the news-making business of saving the climate is where he wants to diversify. His CBC Co investment company (which stands for Cannon-Brookes Collective) now owns just over 3 per cent of Genex, which has more than $1 billion in renewable energy generation and storage assets.On Monday Genex was raising $40 million to support a 1000MWh wind farm and battery project known as Bouldercombe, at Rockhampton in Queensland.Coincidentally, the supplier of Bouldercombe’s equipment will be Tesla, whose founder Elon Musk was the target of Cannon-Brookes’ first headline-grabbing foray into the climate debate. They teamed up via Twitter in 2017 to build a large battery for South Australia amid the state’s power crisis.Cannon-Brooke’s family office, Grok Ventures, has since 2017 also been a backer of Brighte, which recently surpassed $1 billion in loan applications for its product which lends to households wishing to install solar panels and batteries.
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- Interesting Genex ref; Afr article- How Mike Cannon-Brookes invests
Interesting Genex ref; Afr article- How Mike Cannon-Brookes invests
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