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🗞️ Driving the news: Mike Cannon-Brookes has acquired SunCable and is now in discussions with local authorities, aiming to export Australia's clean energy to Singapore through a 4,200-kilometer underwater cable
• The initial strategy involves a significant solar farm in Australia's Northern Territory, which Grok Ventures anticipates will be the world's largest, to serve both local needs and Singaporean demands
🔭 The context: SunCable's project was initially seen by developers as a potential part of a super-grid extending from Japan to India
• Forrest, a former investor, billionaire, and proponent of exporting energy through green hydrogen or ammonia, believed the undersea cable wasn't a commercially feasible idea
🌎 Why it matters for the planet: Amid Asia's largely fossil-fueled economies seeking cleaner energy solutions, especially those with limited space for renewables, SunCable presents a promising alternative
⏭️ What's next: Grok will now pursue an energy import license in Singapore and discuss cable routes with Indonesia; once finalized, the project will support regional shifts toward sustainable energy by exporting substantial power
💬 One quote: "It is by far, I think, the cheapest way to export energy from Australia in volume and at affordable prices" (Mike Cannon-Brookes, Grok Ventures & SunCable)
📈 One stat: The project's initial price tag was estimated at $19 billion, making it one of the most significant investments in renewable energy infrastructure in the region
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