Is Putting Your Money in Alternative Energy A Wise Investment?Energis
Are you in search of a place to invest your money? A wise investment to seriously consider is alternative sources of energy. It is expected that green energy production will be in the billion dollar range by 2013. wind power has become more affordable with the advancement in wind-turbine technologies and more widespread in usage also. This has resulted in wind technology being really competitive against more established forms of energy producing products. Not even birds get killed anymore with the innovative wind-powered technology.
You can put your hard-earned dollars in companies that do a lot worse than wind energy production. One other alternative energy resource you could invest in is solar cell technology. You wil lbe able to find these in private property lights, pocket calculators, buoys used by the US Coast Guard, and a lot of other places. Solar cells are being utilized on a growing number of roofs of commercial buildings, and also housing developments and building complexes. As prices keep decreasing, the efficiency of solar arrays continues to increase. This is computed by the amount of work to create energy against the amount of energy produced.
In 1982, the energy conversion efficiency of silicon cells was 4% 4 percent, and with the current technology, it is more than twenty percent. Using photovoltaic cells can cut back the amount of pollution being created but it is not affordable enough to be an alternative to conventional electricity. Because of limited space, the photovoltaic cells cannot produce very large amounts of electricity. But as areas are converted to implement these cells, the price and efficiency will continue to improve. As companies and individuals continue to search for ways to produce alternative energy, investment advisors still think that energy is a wise investment.
There are new areas for new eco-friendly energy that are emerging like employing currents, tidal movements and temperature. The concept of hydro-power generation is advancing in France and being extensively researched in Scotland and the US. There has been an issue with saltwater causing metal deterioration but the materials utilized these days are making hydro-power a reality. Marine growth and violent storms have led to problems also. However, we know that the timing of ocean waves and currents is very consistent thus making it a reliable source for energy.
Investments in hydro-electric technology have gone up a good deal over the past several decades. The power it makes is clean but hydro-electric energy is confined by geography. Older dams have had problems with marine life disrupting energy production. In an effort to protect the marine life, those dams have been improved and the improvements have been expensive. Because of this, there have been lots of research in creating low-impact hydro-power technology that doesn't negatively affect the environment. When it is all said and done, investing in green, alternative energy is the way to go.