The modern economy runs on physical things: electrons, wires, transformers, concrete, water. Where those things are available — and where they aren’t — increasingly decides where growth happens and who captures it.
The Load Factor is an independent research publication about the intersection of electricity, physical infrastructure, economics, and capital allocation: grids and generation, data centers and AI load, power markets and regulation, and the second-order effects all of it has on investment and growth.
Most coverage of these topics is either trade press written for insiders or financial press written in passing. What’s missing is rigorous explanation for sophisticated readers: not just what happened, but why it matters, what mechanisms drive it, who benefits, who loses, and what happens next. We aim to provide that.
