USA | Power & Utilities Equity Research Placing The Power Super Cycle Into Perspective: Generation Demand/Supply Model We expect load growth of 2.4% per year from 2025-35, driven at least 60% by data centers, and balance through electrification of cars and onshore manufacturing. In response, we expect gas and solar to add the most, with batteries accelerating to bridge acute intermittency issues. Expect Gas gen and BCF/D to grow ~2.3% over the same time horizon. Check out our detailed model post-OBBBA refor ...