Alternative Energy: A Good Investment?

Are you looking for places to invest your money that will profitable for you? Why not take some of your money and put it into alternative energy? Many think that production of green energy will be in the multi-billion dollar range by the year 2013. For example, wind turbine technology has become more widespread because of advancement in technology and reduction in price. The result is wind power products have become competitive with other traditional types of energy sources. Not even birds are getting killed anymore using the new wind-powered technology.

You can put your money in companies that do a lot worse than wind energy production. One other area to look into investing is solar cell technology. These small sun powered panels are powering things like hand calculators, flashlights, and other devices. However, they are also being utilized to supply power to commercial buildings and housing developments. As the price to use these solar panels continue to fall, the energy efficiency continues to improve. This efficiency is estmitaged by the amount of energy needed to produce versus the amount of energy created.

Silicon cells used to have a conversion efficiency of 4% in 1982, but these days it is over 20 percent. The use of photovoltaic cells can cut back the amount of pollution being produced but it is not affordable enough to be an alternative to conventional electricity. Due to limited space, the solar cells are unable to produce very large amounts of electricity. Nonetheless, the cost and efficiency will keep on improving as the use of these cells continue to widen. As the research and development of alternative energy continue to grow, advisors who manage investments are recommending their clients to invest in it.

New types of clean energy are appearing such as tidal movements, currents and temperature changes. The concept of hydro-power generation is progressing in France and being extensively researched in Scotland and the US. Hydro-power has had problems in the past with salt water causing metal deterioration but the materials utilized these days are better. Marine growth and severe storms have caused problems as well. Still, we do know that the timing of ocean waves and currents is pretty consistent thus making it a dependable energy source.

In the last couple of decades, investments have increased in hydro-electric technology. Hydro-electric power generates extremely clean energy but it is limited by location. Older dams have had issues with marine life interrupting production of energy. In order to protect the marine life, those dams have been improved and the improvements have been pricy. As a result of this, low-impact hydro-energy plants that doesn’t cause ecological problems, have been given more attention. The reality of all of this information is that investing in the future of alternative energy is a smart thing to do.

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