Is It Wise To Invest In Alternative Energy?Are you searching for places to invest your money that will profitable for you? A good investment to think about is alternative energy sources. Experts think that production of green energy will be in the multi-billion dollar range by the year 2013. For instance, wind turbine technology has become more widespread as a result of advancement in technology and reduction in cost. The result is wind power products have become competitive with other established types of energy sources. As a matter of fact, wind energy technology is advanced where birds no longer get killed by the propellers.
You shouldn't invest your hard-earned money into something that doesn't help the environment. Another area to think about investing is photovoltaic cell technology. These solar panels can be found in small lights, hand calculators, buoys used by the US Coast Guard and other gizmos. But solar cells are likewise being used to supply power to commercial buildings and housing developments. Together with the decreasing costs, their energy efficiency is always increasing. This efficiency is determined by the amount of energy needed to produce against the amount of energy generated.
In 1982, the silicon cells' conversion efficiency was roughly 4% but nowadays, it is over 20%. When creating electrical power, photovoltaic cells do not emit any pollution, but currently they are not cost-effective with regular electricity. These photovoltaic cells, because of space constraints, can't create industrial-production amounts of electricity. There are more available areas where these solar cells can be implemented, and the efficiency is increasing while the costs keep coming down. As companies and individuals keep on finding ways to generate alternative energy, investment advisors still think that energy is a wise investment.
New types of green energy are emerging from tidal movement, currents, and differences in temperature. Hydro power generation is advancing with the French, and being studied by those in Scotland and the US. Salt water has been an issue previously with metal deterioration, but that has been improved by utilizing better materials. Marine growth and major storms have resulted in problems also. However, leveraging the ocean for energy has an advantage since we know that waves and currents can be predicted and are consistent.
In the last couple of decades, investments have grown in hydro-electric technology. The power it creates is clean but hydro-electric energy is restricted by geography. Big, older dams, while already important as energy generators, have had problems with marine life disruption. A great deal has been done to protect the marine life close to the dams but the costs have been very high. Because of this, low-impact hydro-energy plants without ecological problems, have been given more attention. Bottom line, investing your dollars in green, alternative energy is the way to go.