Is Putting Your Money In Alternative Energy A Wise Investment
Are you in search of places to invest your money that will bring you profits? A wise investment to consider is alternative sources of energy. It is predicted that alternative energy production will be in the billion dollar range by 2013. For example, wind turbine technology has become more widespread as a result of advancement in technology and reduction in cost. This wind energy technology, which is more innovative, have become more competitive, market-wise, with traditional types of energy. Wind technology has become better that birds are no longer being unintentionally killed.
You can put your hard-earned money in companies that do a lot worse than wind energy production. One other area to consider investing is solar cell technology. These small solar-powered cells supply power to things like pocket calculators, flashlights, and other devices. However, photovoltaic cells are likewise being employed to power commercial buildings and housing developments. As the cost to use these solar panels continue to fall, the energy efficiency continues to improve. This efficiency is estmitaged by the amount of energy needed to produce against the amount of energy produced.
Back in 1982, the energy conversion efficiency of silicon cells was about 4 percent but nowadays, it is move than 20%. When generating electrical power, photovoltaic cells do not emit any pollution, but presently they are not cost-effective with regular electricity. As large amounts of cells are called for to create large amounts of electricity, they are not ready for producing electricity on a large scale. Still, the price and efficiency will continue improving as the use of these solar cells continue to grow. With the nonstop search for new means of generating alternative energy, advisors of investment portfolios are confident that energy is a smart investment.
There are new areas for new green energy that are being discovered like using currents, tidal movements and temperature. Utilizing hydro-power is going well in France and being researched in Scotland and the United States. Hydro-power has had problems previously with salt water causing metal to deteriorate but the materials used today are more efficient. Marine growth and severe storms have led to problems too. However, we do know that the timing of ocean waves and currents is really consistent thus making it a sure source for energy.
Investments in hydro-electric technology have gone up a good deal over the past few decades. The energy it creates is clean but hydro-electric energy is confined by geography. Older dams, for instance, have had problems with marine life disruption. There has been a lot of effort to protect the marine life but it's been expected. As aresult, there have been lots of research in coming up with low-impact hydro-power technology that does not affect the environment. The reality of all of this information is that investing your dollars in the future of green energy is a smart thing to do.