Is Putting Your Money in Alternative Energy Sources A Smart Investment?Are you in search of places to invest your money that will turn out to be profitable? A wise investment to seriously consider is alternative energy. By the year 2013, green energy production is expected to be in the multi-billion dollar range. Wind energy has become more cost-effective with the advancement in wind-turbine technologies and more widespread in usage also. The result is wind power products have become competitive with other conventional types of energy sources. Wind-powered technology has become better that birds are no longer getting unintentionally killed.
You can put your hard-earned dollars in companies that do a lot worse than wind energy production. Another area to look into putting your money in is photovoltaic cell technology. You can find these in private property lights, hand calculators, buoys employed by the US Coast Guard, and many other places. But photovoltaic cells are also being employed to power commercial buildings and housing developments. As prices continue to fall, the efficiency of solar cells continues to increase. This is measured by the amount of work to make energy versus the amount of energy made.
In 1982, the conversion efficiency of silicon cells was about 4% but nowadays, it is over 20%. Using photovoltaic cells can bring down the amount of pollution being created but it is not affordable enough to be an alternative to conventional electricity. As a result of limited space, the solar cells are unable to generate extremely large amounts of electricity. There are more available areas where these photovoltaic cells can be put, and the efficiency is rising while the costs keep declining. With the constant search for new means of creating alternative energy, advisors of investment portfolios are confident that energy is a good investment.
New forms of eco-friendly energy are appearing such as tidal movements, currents and temperature changes. Hydro power generation is progressing with the French, and being studied by scientists in Scotland and the United States. There has been a problem with saltwater causing metal to deteriorate but the materials used these days are making hydro-power a reality. Also previously, really severe storms and odd marine growth also caused problems in using hydro-power effectively. Because the timing of ocean waves and currents can be relied on, as well as understood, there is a great advantage to ocean-produced energy.
In the last several decades, money put into hydro-electric technology has increased. The energy it produces is clean but hydro-electric power is confined by geography. Large, older dams, while already important as power generators, have had issues with marine life disruption. In an effort to protect the marine life, those dams were improved and the improvements have been expensive. Due to this, there have been lots of research in coming up with low-impact hydro-power technology that has no effect on the environment. The reality of all of this information is that investing in the future of eco-friendly energy is good advice.