Is It Smart To Invest In Alternative Energy?Are you searching for a place to invest your money? A smart investment to think about is alternative sources of energy. It is anticipated that green 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 decrease in price. This wind power technology, which is more advanced, have become more competitive, market-wise, with conventional types of energy sources. As a matter of fact, wind-produced energy is advanced where birds no longer get killed by the propellers.
You don't want put your hard-earned money into something that doesn't aid the environment. Another alternative energy resource you may invest in is photovoltaic cell technology. You wil lbe able to find these in private property lights, hand calculators, buoys used by the US Coast Guard, and many other places. Solar cells are being utilized on a growing number of roofs of commercial buildings, and also housing developments and building complexes. With the falling costs, their energy efficiency is constantly increasing. This is calculated by the amount of work needed for producing energy, compared to the energy produced.
Back in 1982, the conversion efficiency of silicon cells was four percent, and with the up-to-date technology, it is above twenty percent. Photovoltaic cells does not result in any pollution when creating electricity but it is not economical enough to replace regular electricity. Due to limited space, the solar cells are unable to generate extremely large amounts of electricity. But as areas are converted to install these photovoltaic cells, the cost and efficiency will continue to improve. As companies and individuals continue to search for ways to create alternative energy, investment advisors still think that energy is a good investment.
New kinds of clean energy are originating from tidal movement, currents, and differences in temperature. Hydro power generation is advancing with the French, and being studied by scientists in Scotland and the US. Salt water has been an issue in the past with metal deterioration, but that has been improved by employing better materials. Also before, extremely severe storms and strange marine growth also caused problems in using hydro-power effectively. Because the timing of ocean waves and currents is so reliable, as well as understood, there is a huge advantage to ocean-produced energy.
Investments in hydro-electric technology have increased a great deal over the past few decades. The power it produces is clean but hydro-electric energy is limited by geography. Older dams have had problems with marine life disrupting energy production. In an effort to protect the marine life, those dams have been improved and the improvements have been costly. As aresult, there have been a lot of research in developing 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 alternative energy is a smart thing to do.