Alternative Energy: A Wise Investment?Are you looking for places to invest your money that will turn out to be profitable? A good investment to think about is alternative energy sources. By the year 2013, green energy production is anticipated to be in the multi-billion dollar range. wind power has become more cost-effective with the advancement in wind-turbine technologies and more widespread in usage as well. This wind energy technology, which is more state-of-the-art, have become more competitive, market-wise, with conventional types of energy sources. Wind energy technology has become so advanced that birds are no longer getting accidentally killed.
You don't want put your money into something that doesn't help the environment. Another area to consider investing dollars in is photovoltaic cell technology. These solar panels can be found in small lights, pocket calculators, buoys utilized by the US Coast Guard and other gizmos. Photovlotaic cells are being used on an increasing number of roofs of commercial buildings, as well as housing developments and building complexes. As the cost to use these solar cells continue to go down, the energy efficiency continues to get better. This is calculated by the amount of work needed for producing energy, compared to the energy generated.
The silicon cells' conversion efficiency used to be 4% in 1982, but nowadays it is over 20 percent. Photovoltaic cells does not produce any pollution when producing electricity but it is not inexpensive enough to replace traditional electricity. These photovoltaic cells, due to space constraints, can't create industrial-production amounts of electricity. Nevertheless, the price and efficiency will keep on improving as the use of these solar cells continue to grow. As the research and development of alternative energy continue to grow, advisors who manage investments continue to recommend people to invest in it.
New forms of eco-friendly energy are emerging such as tidal movements, currents and temperature changes. The use of hydro-power is advancing well in France and being researched in Scotland and the United States. There has been an issue with saltwater causing metal to deteriorate but the materials employed today are making hydro-power possible. Marine growth and severe storms have resulted in problems too. However, we do know that the timing of ocean waves and currents is really consistent thus making it a reliable energy source.
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In the last few decades, money poured into hydro-electric technology has increased. The energy it generates is clean but hydro-electric power is confined by geography. Big, older dams, while already important as energy generators, have had problems with marine life disruption. Much has been done to protect the marine life near the dams but the costs have been very high. As a result, there have been efforts to come up with ecologically sound, low-impact methods to generate hydro-power. The reality of all of this information is that investing in the future of green energy is a smart thing to do.