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21Dec2020 Market Close: Stocks Dump And Pump As Bank Buybacks And Bailouts Crush COVID Mutation Concerns, DOW Closes Up 37 Points, Nasdaq Closes Down 0 1%, US Dollar Slipping Again To 90 15, Airline Stocks Slide

US Treasury yields are down in today s session (SPY -0.4%). Small Caps were the most insane movers on the day, but the DOW outperformed. The Market in Perspective Here are the headlines moving the markets. The U.S. Is Facing Off Against China For Energy Storage Dominance Back in September, Chinese president Xi Jinping garnered a huge amount of attention and no small number of headlines on the global stage when he announced that Beijings new five-year plan to bring down the nations hefty carbon emissions would be far more ambitious than China had previously promised. In an address to the U.N. General Assembly, President Xi announced that China, home to the second-largest economy in the world, would see peak CO2 emissions by 2030 and bring its carbon footprint all the way down to zero by just 2060 a

U S Looks To Boost Energy Storage By 525% By 2025

Premium Content U.S. Looks To Boost Energy Storage By 525% By 2025 By Irina Slav - Dec 21, 2020, 12:00 PM CST 240 percent: this is the increase in battery storage capacity added in the United States during the third quarter of this year, compared with the second quarter. 240 percent is certainly an impressive figure the result of research by Wood Mackenzie and the U.S. Energy Storage Association. What’s more impressive, however, is that this may just be the start of a long-term trend a much-needed trend for a world that is hoping to someday rely on solar and wind for most of its electricity. Intermittency is the biggest obstacle for solar and wind replacing fossil fuels and nuclear entirely. The sun simply does not shine around the clock or the year and the wind does not blow all the time. To make up for this and to store excess electricity produced during peak sunshine and wind battery storage has been touted as the simplest and most effective solution.

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