Nope not local, afaik. I just have a link to access it through explorer and had to mail someone to grant me access and the link. It doesn't work if you type it into another computer and you also have to be on the corporate network wifi which I didn't set up.Local file server?
Windows service to read the file and expose it via an API? Office files are basically zip files.
Power BI files save a copy of the data set, maybe export that?