Tech Billionaire’s Bold Takeover Bid Lacks Understanding of Power Grid Stability

Atlassian co-founder Mike Cannon-Brookes is pictured during the announcement of a new Tech Hub near Central Station in Sydney, Australia, on June 25, 2020. Brook Mitchell/Getty Images

Commentary

With his bid to buy AGL, an Australian energy giant, and transition it to renewables, Mike Cannon-Brookes shows he does not understand the broader operating characteristics of the electricity market.