Is Putting Your Money in Alternative Energy A Wise Investment?Are you looking for places to invest your money that will turn out to be profitable? Why don't you take some of your money and invest it in alternative energy? It is expected that the production of green energy will be in the billion dollar range by the year 2013. Wind power has become extremely affordable as a result of better technology and increasing widespread use. This wind power technology, which is more innovative, have become more competitive, market-wise, with traditional types of energy. Not even birds get killed anymore using the new wind-powered technology.
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You don't want put your dollars into something that doesn't help the environment. Another area to consider putting your money in is solar cell technology. These little sun powered panels are powering things like hand calculators, flashlights, and other gizmos. But photovoltaic cells are also being employed to power commercial buildings and housing developments. As the price to use these solar panels continue to decrease, the energy efficiency continues to get better. This is computed by the amount of work needed for energy production, compared to the energy made.
Way back in 1982, the energy conversion efficiency of silicon cells was more or less four percent but nowadays, it is move than 20 percent. When generating electric power, photovoltaic cells do not produce any pollution, but currently they are not cost-effective with regular electricity. These cells, because of space constraints, can't generate industrial-production amounts of electricity. However, the cost and efficiency will keep on improving as the use of these photovoltaic cells continue to widen. As the research and development of alternative energy continue, advisors who manage investments are recommending their clients to invest in it.
New forms of eco-friendly energy are emerging from tidal movement, currents, and differences in temperature. Using hydro-power is going well in France and being researched in Scotland and the United States. Hydro-power has had issues previously with salt water causing metal to deteriorate but the materials employed these days are more efficient. Also previously, very severe storms and unusual marine growth also caused problems in using hydro-power effectively. However, we do know that the timing of ocean waves and currents is really consistent thus making it a sure source for energy.
In the last couple of decades, investments have gone p in hydro-electric technology. Hydro-electric energy generates really clean energy but it is confined by location. Older dams, for example, have had problems with marine life disruption. There has been great effort to protect the marine life but the cost has been high. Because of this, there have been efforts to come up with ecologically sound, low-impact methods to produce hydro-power. After all's said and done, investing in alternative energy is the way to go.