Victoria, page-41

Yep they can’t compete with the big players. Wave just isn’t commercial yet thus the micro grid capability acquisition. We are just waiting for it to pay off. I agree they need to keep it simple and nail the projects and opportunities in WA. When that is profitable widen the net. Trying to tender on every project uses a lot of resources and makes the financials considerably worse. There have been lots of trials in WA with horizon. Time to convert.