Is Putting Your Money in Alternative Sources Of Energy A Good Investment?Are you in search of a place to invest your money? A wise investment to consider is alternative energy sources. By the year 2013, the production of green energy is anticipated to be in the multi-billion dollar range. For instance, wind turbine technology has become more widespread because of advancement in technology and decrease in price. This wind energy technology, which is more advanced, have become more competitive, market-wise, with traditional types of sources of energy. In fact, the technology is advanced where birds no longer get killed by the propellers.
You can put your hard-earned money in businesses that do a lot worse than wind energy production. One other alternative energy resource you may invest in is solar cell technology. These small solar-powered cells supply power to things like pocket calculators, flashlights, and other gadgets. They are being utilized on more and more roofs of commercial buildings, and also housing developments and building complexes. As costs keep decreasing, the efficiency of solar cells continues to improve. This efficiency is determined by the amount of energy needed to produce against the amount of energy produced.
Way back in 1982, the conversion efficiency of silicon cells was about 4 percent but today, it is over 20%. Photovoltaic cells does not produce any pollution when creating electricity but it is not cost-effective enough to replace standard electricity. Due to limited space, the photovoltaic cells are unable to produce very large amounts of electricity. But as areas are converted to implement these cells, the cost and efficiency will get better. As the research and development of alternative energy continue to grow, advisors who manage investments continue to recommend their clients to invest in it.
New forms of clean energy are coming from tidal movement, currents, and differences in temperature. Utilizing hydro-power is advancing well in France and being researched in Scotland and the United States. There has been an issue with saltwater causing metal deterioration but the materials utilized today are making hydro-power a reality. Also previously, really severe storms and unusual marine growth also caused problems in using hydro-power effectively. Still, leveraging the ocean for energy has an advantage since we know that waves and currents are very predictable and are consistent.
In the last two decades, investments have increased in hydro-electric technology. It is really clean power, but hydro-electric power is obviously limited by geography. Older dams, for instance, have had issues with marine life disruption. Much has been done to protect the marine life near the dams but it has been expensive. As a consequence, there have been efforts to come up with ecologically sound, low-impact methods to create hydro-power. The reality of all of this information is that investing in the future of alternative energy is sound advice.