Is Putting Your Money in Alternative Sources Of Energy A Wise Investment?Are you in search of places to invest your money that will profitable for you? A good area to think about investing in is the area of alternative energy. Many anticipate that green energy production will be in the multi-billion dollar range by the time 2013 rolls around. Wind power has become extremely economical due to better technology and increasing widespread use. This has resulted in wind technology being extremely competitive against more conventional forms of energy producing products. Not even birds get killed anymore with the innovative wind-powered technology.
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You wouldn't want put your money into something that doesn't help the environment. Another area to think about putting your money in is photovoltaic cell technology. These solar panels can be found in small lights, calculators, buoys utilized by the US Coast Guard and other devices. However, solar cells are also being utilized to power commercial buildings and housing developments. Along with the decreasing costs, their energy efficiency is constantly increasing. This is calculated by the amount of work to create energy versus the amount of energy made.
In 1982, the silicon cells' conversion efficiency was 4% 4 percent, and with the present-day technology, it is above 20%. When creating electric energy, solar cells do not emit any pollution, but presently they are not cost-effective with regular electricity. Since large amounts of cells are called for to produce large amounts of electricity, they are not ready for producing electricity on a large scale. There are more available areas where these solar cells can be installed, and the efficiency is going up while the costs keep coming down. As the research and development of alternative energy continue to grow, advisors who manage investments are encouraging people to invest in it.
New types of green energy are appearing such as tidal movements, currents and temperature changes. The use of hydro-power is progressing well in France and being researched in Scotland and the US. There has been an issue with saltwater causing the deterioration of metal but the materials employed nowadays are making hydro-power possible. Marine growth and severe storms have led to problems as well. However, we do know that the timing of ocean waves and currents is very consistent thus making it a reliable source for energy.
In the last two decades, investments have increased in hydro-electric technology. Hydro-electric power makes very clean energy but it is limited by location. Bigger, older dams, while already important as power generators, have had problems with marine life disturbance. Much has been done to protect the marine life near the dams but it has been expensive. As aresult, there have been a lot of research in developing low-impact hydro-power technology that doesn't negatively affect the environment. The bottom line is that putting your money in eco-friendly energy sources is investing in our future.