Atlassian cofounder and renewables advocate Mike Cannon-Brookes has backed a new fund to finance grid-scale battery projects via his family fund, Grok Ventures.

The world’s biggest fund manager, BlackRock, has selected Australia for the rollout of its largest investment in grid-scale batteries that will be crucial to driving the shift from coal to clean energy.

To compete with fossil fuels, you need to "make renewables predictable," says Piconi, founder of Energy Vault, which means storing excess energy and being able to dispatch it when required.

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