Hello Dan
About you question
As a result, the concept of ".pst" files, which are local data files used by the traditional Outlook application, is not applicable in the "New" Outlook. Instead, all your data is stored and synced in the cloud, allowing you to access it from anywhere. In terms of creating an archive, you can utilize the Archive feature provided by Exchange Online. This allows you to move emails from your primary mailbox to a separate Archive mailbox for long-term storage. These archived emails will be stored in the cloud, and you can access them just like your primary mailbox. Regarding the location of your data files, as they are stored in the cloud, their specific physical location is not something you need to worry about. However, you can control the storage drive where your local app data is stored. By default, the "New" Outlook app data is stored on your Windows drive in the user's AppData folder. You can change this location by modifying the app settings. In summary, the "New" Outlook uses Exchange Online for storing your data files in the cloud. You can create an archive mailbox and configure your storage drive preferences within the app settings.