Alternative Energy: A Smart Investment?Are you searching for a place to invest your money? Have you thought about taking some of your money and invest it in alternative energy sources? By the year 2013, the production of green energy is expected to be in the multi-billion dollar range. Wind energy has become very affordable because of better technology and increasing widespread use. This has resulted in wind technology being very competitive against more traditional forms of energy producing products. Not even birds are being killed anymore using the new wind-powered technology.
Your ivnestment money might be spent in a lot of worse places than in businesses that are into wind energy production. One other area to consider putting your money in is solar cell technology. These solar arrays can be found in small lights, calculators, buoys employed by the US Coast Guard and other gadgets. Solar cells are being utilized on more and more roofs of commercial buildings, and also housing developments and building complexes. As the cost to use these solar panels continue to fall, the energy efficiency continues to improve. This is figured out by the amount of work needed for generating energy, compared to the energy made.
Back in 1982, the conversion efficiency of silicon cells was four percent, and with the up-to-date technology, it is more than twenty percent. Using solar cells can cut back the amount of pollution being produced but it is not affordable enough to be an alternative to regular electricity. As large amounts of cells are called for to make large amounts of electricity, they are not ready for producing electricity on a large scale. But as areas are converted to implement these cells, the cost and efficiency will keep on improving. With the continual search for new ways of generating alternative energy, advisors of investment portfolios are positive that energy is a good investment.
New kinds of eco-friendly energy are emerging from tidal movement, currents, and differences in temperature. Hydro power generation is progressing with the French, and being studied by those in Scotland and the US. There has been a problem with saltwater causing metal to deteriorate but the materials used today are making hydro-power possible. Marine growth and severe storms have caused problems too. As 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 invested in hydro-electric technology has gone up. The energy it generates is clean but hydro-electric energy is confined by geography. Older dams have had issues with marine life causing disruption to power production. A great deal has been done to protect the marine life close to the dams but it has been expensive. Due to this, there have been lots of research in coming up with low-impact hydro-power technology that doesn't negatively affect the environment. The reality of all of this information is that putting your money in the future of eco-friendly energy is a smart thing to do.