Alternative Energy: A Wise Investment?Energis
Are you searching for ways to turn your extra money into profit? A prospective area to think about investing in is alternative energy. By the year 2013, the production of green energy is anticipated to be in the multi-billion dollar range. Wind power has become really economical due to better technology and increasing widespread use. This wind power technology, which is more innovative, have become more competitive, market-wise, with traditional types of sources of energy. As a matter of fact, wind energy technology is advanced where birds no longer get killed by the propellers.
Your money may be spent in other worse places than in businesses that are into wind energy production. Another area to look into investing dollars in is solar cell technology. These small sun powered panels are powering things like calculators, flashlights, and other gadgets. Solar cells are being used on a growing number of roofs of commercial buildings, and also housing developments and building complexes. As prices go down, the efficiency of solar cells continues to improve. This is calculated by the amount of work to produce energy versus the amount of energy made.
Silicon cells used to have a conversion efficiency of 4 percent in 1982, but nowadays it is more than 20%. Utilizing solar cells can cut back the amount of pollution being produced but it is not cost-effective enough to be an alternative to conventional electricity. As a result of limited space, the photovoltaic cells are unable to generate extremely large amounts of electricity. But as areas are converted to install these photovoltaic cells, the price and efficiency will continue improving. As companies and individuals keep on finding ways to generate alternative energy, investment advisors still believe that energy is a smart investment.
New forms of green energy are appearing such as tidal movements, currents and temperature changes. The concept of hydro-power generation is advancing in France and being widely researched in Scotland and America. Hydro-power has had issues previously with salt water causing metal to deteriorate but the materials utilized today are better. Bad storms and marine growth have likewise been disruptions to the production of energy years ago. As the timing of ocean waves and currents can be relied on, as well as understood, there is a huge advantage to ocean-produced energy.
Investments in hydro-electric technology have grown a lot over the past several decades. Hydro-electric energy generates very clean energy but it is limited by location. Large, older dams, although already important as energy generators, have had problems with marine life disturbance. There has been mcuh effort done to protect the marine life but it's been expected. Because of this, low-impact hydro-energy plants without ecological problems, have been given more attention. The bottom line is that putting your money in eco-friendly energy sources equals investing in our future.