Grok Ventures Archives - Renew Economy

Renewables

Cannon-Brookes taps new investment talent as Grok zeroes in on decarbonisation
Announcing a “refined” investment strategy and new talent, Grok Ventures says it will exclusively invest in opportunities “right across the climate capital stack.”
Michael Mazengarb

Feb 9, 2024

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Battery

Cannon-Brookes backed fund to deliver “coal plant-worth” of big batteries
Fund backed by billionaire green energy supporter closes first tranche of new raising to bankroll long duration battery storage and help kick coal out of Australia’s grid.
Sophie Vorrath

Feb 27, 2023

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Solar

Forrest weighs in on Sun Cable, says $35bn solar export project needs “urgent change”
Andrew Forrest weighs in on Sun Cable, all but confirming the company’s woes lie in a spat with fellow billionaire backer Mike-Cannon Brookes.
Sophie Vorrath & Amalyah Hart

Jan 13, 2023

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Pressure builds on AGL chair as more proxy advisors side with Cannon-Brookes
Another proxy advisor swings in behind Mike Cannon-Brookes’ preferred AGL board nominees, putting renewed pressure on the current chair.
Rachel Williamson

Nov 2, 2022

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Renewables

Cannon-Brookes says AGL board not fit to deliver decarbonisation strategy
Tech billionaire Mike Cannon-Brookes calls on AGL shareholders to vote through all four of Grok Ventures’ nominations for the gentailer’s board.
Sophie Vorrath

Oct 24, 2022

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Solar

CEFC joins Cannon-Brookes in funding round for Aussie solar innovator
Federal government green bank backs low-cost solar innovator SunDrive alongside tech billionaire Mike Cannon-Brookes in $21m funding round.
Sophie Vorrath

Oct 13, 2022

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Cannon-Brookes and AGL spar over board candidates ahead of AGM
“Yet another poor decision,” says Grok Ventures as AGL advises shareholders to vote against Kerry Scott and two other Grok board candidates at upcoming AGM.
Sophie Vorrath

Oct 7, 2022

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Policy & Planning

Grok welcomes AGL demerger backdown, warns against asset sale
Cannon-Brookes’ investment arm, Grok Ventures, welcomes AGL’s demerger backdown and will seek input into ‘strategic review’ and board renewal.
Michael Mazengarb

May 30, 2022

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People

Cannon-Brookes says AGL coal plants will struggle to survive, needs new board
Cannon-Brookes says AGL coal generators will struggle to survive, and it needs a new board and should be offering customers loans to electrify their homes.
Michael Mazengarb & Giles Parkinson

May 20, 2022

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Coal

Cannon-Brookes questions solvency of AGL’s coal spinoff
Updated: Software billionaire questions future solvency of AGL Energy’s proposed coal spin-off Accel Energy, as AGL board hits back.
Giles Parkinson

May 17, 2022

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Coal

AGL slams “false claims,” says it is quitting coal as fast as it can
AGL insists it is moving as fast as it can on coal closures, as Mike Cannon-Brookes ramps up pressure on the board.
Sophie Vorrath

May 5, 2022

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Markets

Brighte to take on big electricity retailers, backed by Cannon-Brookes and Farquhar
Solar finance provider Brighte to enter retail electricity space, following a $100 million injection by investors led by Mike Cannon-Brookes and Scott Farquhar.
Michael Mazengarb

Dec 17, 2020

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