This is why I've been talking about the battery value chain; there's a lot of value-add there. This is where we're seeing growth in the global markets and global demand. Canada has a real opportunity there.
We're also seeing growth in the transformer stuff that we're talking about. We can look at one company, Hammond Power in Ontario, which increased its exports significantly. That was mostly driven by AI demands.
The trend we're seeing with electrification more broadly globally is converging on increasing demand for things like grid equipment, but also for electric vehicles. At this point, it's happening because when we think about the future, we're thinking about AI, about digital. We're thinking about a very precise amount of energy that is being delivered in milliseconds. This is where we're able to capture a lot of value, whether it's in critical minerals, the EV supply chain, grid equipment or mass timber, which is an upgraded forest product for construction.
Those are some of the areas we have in our report. I know we don't have a lot of time here.
