On Friday, Shares of Duke Energy Corp (NYSE:DUK), gained 0.91% to $69.11.
Duke Energy, LG Chem and Green smith are bringing new technology to the site of a 1952 stepped down coal plant, announcing the completion of a 2-megawatt (MW) battery-based energy storage system designed to improvement reliability and stability on the electric power grid.
The fast-response system is now actively regulating electric grid frequency for PJM, the regional transmission organization that directs the flow of electricity for 61 million people in 13 states and the District of Columbia.
Construction began in August 2015, at Duke Energy’s stepped down W.C. Beckjord coal-fired power plant in New Richmond, Ohio, and the system began operations on Nov. 17.
“Locating the storage system at our stepped down coal plant allowed us to take advantage of the grid infrastructure already in place and repurpose the site for use with new, relevant technology,” said Phil Grigsby, Duke Energy’s senior vice president of Commercial Transmission. “This system is another step for Duke in the development of turnkey energy storage solutions that benefit customers and demonstrate the potential for future applications, such as large-scale integration of renewable energy onto the grid.”
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power.
Shares of Alphabet Inc (NASDAQ:GOOGL), inclined 2.24% to $777.00, during its last trading session.
While I still believe that the Fed should wait until the global economies are on stronger footings to raise rates, it appears from Fed officials’ comments last week that they will indeed raise rates in December.
Interestingly, the bond market has already built in an improvement on 0.25-0.50% as the two-year bond has risen to a five-year high yield of 0.92% and the yield spread has narrowed with the 10 year bond to only 1.35% as the yield curve flattens out. More importantly, the equity markets around the world accepted the probable improvement in rates and had a terrific week led by the United States and Europe. The dollar continued strong as the yield differential widened contrast to foreign bond yields and talks of further ease, especially in the Eurozone, continue unabated as inflation remains near 0%. Fears of deflation persist! The Fed should be concerned, too, as talked about in-depth last week. But the Fed appears to be committed to a promise made earlier in the year that lift-off would start this year. Ridiculous!
The Fed should pay attention to concerns stated by G-20 members last week in Turkey that governments and monetary authorities are running out of options to further stimulate their economies. It is time for regulatory and tax changes to stimulate growth; something that has been missing for years. Instead we get additional moves by the regulators to improvement the capital and liquidity ratios at banks, which provide money/lending, which is the fuel for growth. Also, the U.S. government should be asking why U.S. domiciled corporations are looking to merge with overseas companies and change their tax status (inversions) rather than stopping it. We need a tax overhaul to better compete in the world. Get it Washington! Press on Pfizer!
Alphabet Inc., through its auxiliaries, builds technology products and provides services to organize the information. The company offers Google Search that provides information online; Google Now that offers information to users when they need it; Ad Words, an auction-based advertising program; Ad Sense, which enables Websites that are part of the Google network to deliver ads; Double Click Ad Exchange, a marketplace for the trading display ad space; and other advertising platforms, such as Ad Exchange and Ad Mob.
Finally, Shares of Life lock Inc (NYSE:LOCK), ended its last trade with 1.03% gain, and closed at $14.68.
Life Lock, declared that it has incorporated a new identity protection feature into its entire product suite for both new and existing members of its service. Called Life Lock Privacy Monitor, the new feature, which was declared as a beta test in October 2014, empowers consumers to take back some control of their personal information.
“As identity fraud risks change, our consumers need new tools to protect themselves,” said Hilary Schneider, president of Life Lock. “We know that protecting privacy is a key part of defending your identity. That’s why we’re integrating this new feature into all of our products.”
Life Lock Privacy Monitor allows consumers to find and remove or suppress their personally identifiable information, such as name, address, age and known relatives, from selected common people-search websites and Internet-based advertising companies. Removing personal information from these databases can assist consumers regain some privacy and make it harder for others to access this personal information or sell it for marketing purposes.
Life Lock, Inc. provides identity theft protection services for consumers; and consumer risk administration services for enterprises in the United States. It protects consumer subscribers through monitoring identity-related events, such as new account openings and credit-related applications; and enterprise customers through delivering on-demand identity risk, identity authentication, and credit information about consumers.