Is Putting Your Money in Alternative Sources Of Energy A Smart Investment?Are you searching for places to invest your money that will bring you profits? Why don't you take some of your money and put it into alternative energy? It is predicted that alternative energy production will be in the billion dollar range by the year 2013. Wind-produced energy has become more cost-effective with the advancement in wind-turbine technologies and more widespread in usage also. This wind energy technology, which is more innovative, have become more competitive, market-wise, with conventional types of energy sources. Not even birds are being killed anymore using the new wind-powered technology.
Your ivnestment money might be spent in many other worse places than in companies that are into wind energy production. One other area to look into putting your money in is photovoltaic cell technology. You wil lbe able to find these in private property lights, calculators, buoys employed by the US Coast Guard, and a lot of other places. They are being utilized on more and more roofs of commercial buildings, as well as housing developments and building complexes. As prices go down, the efficiency of solar arrays continues to get better. This is figured out by the amount of work required for energy production, compared to the energy generated.
The silicon cells' conversion efficiency used to be 4 percent in 1982, but today it is over 20%. Photovoltaic cells does not create any pollution when generating electricity but it is not cost-effective enough to replace standard electricity. These solar cells, as a result of space constraints, are unable to generate industrial-production amounts of electricity. Still, the price and efficiency will get better as the use of these solar cells continue to grow. With the constant search for new methods of creating alternative energy, advisors of investment portfolios are positive that energy is a good investment.
solar power system
New forms of green energy are appearing such as tidal movements, currents and temperature changes. Utilizing hydro-power is going well in France and being researched in Scotland and America. There has been a problem with saltwater causing the deterioration of metal but the materials utilized today are making hydro-power a reality. Also previously, extremely bad storms and odd marine growth also caused problems in using hydro-power effectively. But leveraging the ocean for energy has an advantage because we know that waves and currents are very predictable and are consistent.
In the last several decades, money put into hydro-electric technology has increased. The power it makes is clean but hydro-electric energy is confined by geography. Large, older dams, while already important as energy generators, have had problems with marine life disturbance. In order to protect the marine life, those dams have been improved and the improvements have been expensive. As a result, there have been efforts to come up with ecologically sound, low-impact methods to generate hydro-power. Bottom line, putting your money in green energy is the way to go.