Alternative Energy: A Wise Investment?Are you searching for places to invest your money that will profitable for you? A smart investment to think about is alternative energy sources. By the year 2013, green energy production is expected to be in the multi-billion dollar range. For instance, wind turbine technology has become more widespread as a result of advancement in technology and reduction in price. The result is wind power products have become competitive with other established types of energy. In fact, wind energy technology is advanced where birds no longer being killed by the propellers.
You can put your money in businesses that do a lot worse than wind energy production. Still another alternative energy resource you may invest in is photovoltaic cell technology. These solar arrays can be found in small lights, calculators, buoys utilized by the US Coast Guard and other gadgets. Solar cells are being used on a growing number of roofs of commercial buildings, and also housing developments and building complexes. As the cost to use these solar batteries continue to fall, the energy efficiency continues to increase. This is figured out by the amount of work required for generating energy, compared to the energy made.
Back in 1982, the silicon cells' conversion efficiency was four percent, and with the current technology, it is over 20 percent. Photovoltaic cells does not create any pollution when producing electricity but it is not cost-effective enough to replace standard electricity. Due to limited space, the photovoltaic cells are unable to produce extremely large amounts of electricity. But as areas are converted to implement these solar cells, the cost and efficiency will keep on improving. As the research and development of alternative energy grow, advisors who manage investments are encouraging people to invest in it.
New forms of clean energy are originating from tidal movement, currents, and differences in temperature. Utilizing hydro-power is advancing well in France and being researched in Scotland and the US. Salt water has been a problem previously with metal deterioration, but that has been improved by employing better materials. Also before, extremely violent storms and unusual marine growth also caused problems in using hydro-power effectively. As the timing of ocean waves and currents is so reliable, as well as understood, there is a great advantage to ocean-produced energy.
In the last couple of decades, investments have grown in hydro-electric technology. It is very clean power, but hydro-electric power is evidently confined by geography. Bigger, older dams, although already important as energy generators, have had problems with marine life disturbance. There has been great effort to protect the marine life but it's been costly. Due to this, there have been lots of research in creating low-impact hydro-power technology that does not affect the environment. Bottom line, putting your money in eco-friendly energy is the way to go.