Are you looking for places to invest your money that will turn out to be profitable? A good investment to seriously consider is alternative sources of energy. A lot of people predict that green energy production will be in the multi-billion dollar range by 2013. Wind produced energy has become really cost-effective 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 get killed anymore using the new wind-powered technology.
Your money could be spent in a lot of worse places than in businesses that are engaged in wind energy production. Another area to think about are solar power investments, or photovoltaic cell technology. You can find these in private property lights, pocket calculators, buoys used by the US Coast Guard, and a number of other places.
However, photovoltaic cells are also being used to supply power to commercial buildings and housing developments. As the cost to use these solar arrays continue to decrease, the energy efficiency continues to improve. This is calculated by the amount of work to create energy versus the amount of energy created.
The silicon cells’ conversion efficiency used to be 4% in 1982, but nowadays it is over 20 percent. Using photovoltaic cells can cut back the amount of pollution being produced but it is not affordable enough to be an alternative to traditional electricity. As large amounts of photovoltaic cells are needed to generate large amounts of electricity, they are not ready for producing electricity on a large scale. There are more available areas where these cells can be installed, and the efficiency is increasing while the costs keep coming down. As companies and individuals continue to search for ways to create alternative energy, investment advisors still think that energy is a good investment.
New types 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 scientists in Scotland and America.
There has been a problem with saltwater causing metal deterioration but the materials used these days are making hydro-power possible. Marine growth and violent storms have resulted in problems also. However, we do know that the timing of ocean waves and currents is really consistent thus making it a dependable source for energy.
In the last two decades, investments have grown in hydro-electric technology. Hydro-electric power makes very clean energy but it is limited by location. Older dams, for example, have had problems with marine life disruption. A great deal has been done to protect the marine life close to the dams but it’s been costly. As a result, there have been efforts to come up with ecologically sound, low-impact ways to produce hydro-power. The bottom line is that investing in alternative energy sources is investing in our future.
Invest In…Alternative Energy