Who was looking at bringing a data centre here? So that's a data grid

down in Southland.

That's something else.

But I want to bring everyone back to a topic they can't see, but you could describe to them.

What am I holding? It looks like a large cigarette lighter, but I assume it's a battery.

That is a battery.

And that's the one that classically you would use to charge your phone when your phone goes kaput, right? Yeah.

So how do you invest in our whole discussion and go, I want to stick some money into this, where do I go?

But

I want to bring everyone back to a topic they can't see, but you could describe to them.

What am I holding? It looks like a large cigarette lighter, but I assume it's a battery.

That is a battery.

And that's the one that classically you would use to charge your phone when your phone goes kaput, right? Yeah.

So that is 34 watts worth of storage.

Yeah.

Whereas you might say,

So where are we at with that? Because I don't know much about it, but there was talk about us getting a – who was looking at bringing a data centre here?

So that's a data grid down south, and that's something else.

But I want to bring everyone back to a topic they can't see, but you could describe to them.

What am I holding? It looks like a large cigarette lighter, but I assume it's a battery.

That is a battery, and that's the one that classically you would use to charge your phone when your phone goes kaput, right? Yeah.

So that is 34 watts worth of storage.

Yeah.

So how do you invest in our whole discussion and go, I'm going to stick some money into this, where do I go?

I talked about France, and now here we learning that the major investments from solar.

So, so, so, so the big thing, Chuck, is now harnessing that daytime solar with batteries, large industrial grid scale batteries, so you can take the, the, the, the sunshine, uh, from the daytime- And use that daylight at nighttime.

Uh, but I am interested in a couple of technologies that, uh, probably won't be in my lifetime [laughs] wait and see.

Uh, but I, I think fusion is seriously something that will be quite intriguing, and New Zealand has its own little company in that regard, looking at that, OpenStar obviously.

Where do I go?"

Look, there's lots of global disruptive change.

You know, we've, we've seen that obviously with AI.

We've seen that, uh, earlier on with these GLP-1 drugs that we've talked about.

You know, how does the cash flow profile of the New Zealand market look relative to kind of global at the moment?

Yeah, I think there's been a long-term view that New Zealand investors have been attracted to cash flow.

So we've had cash flow-rich defensive companies in the market.

However, there's this pocket of companies that have been focused on growing their global market, pushing into total addressable markets that are really large.

A classic example, of course, for the last 20 years has been Fisher & Paykel Healthcare, spun out of an appliance manufacturer, right? That was deep tech.

It was deep tech, right? Yeah, absolutely.

Spun out.

Is there potential for more of a hybrid approach so people can get access easier, perhaps through the New Zealand Shares Fund?