Stem Inc (STEM)

[GoSing]

In an official statement on Feb. 15, ERCOT said that “extreme weather conditions caused many generating units – across fuel types – to trip offline and become unavailable” (here).

As reported here by the Texas Tribune on Feb. 16, ERCOT said that thermal sources, such as coal, gas and nuclear, lost nearly twice as much power due to the cold than renewable energy sources, which contributed to just 13% of the power outages (here).

As temperatures drop to record lows, a phenomenon known as “freeze-off” is hitting parts of Texas hard, according to a report from The Verge (here). Due to natural gas wells and pipes that are ill-equipped for cold weather, “liquid inside wells, pipes, and valves froze solid.”