Alternative Energy: A Good Investment?Are you looking for ways to turn your extra money into profit? A prospective area to think about investing in is the area of alternative energy. It is predicted that alternative energy production will be in the billion dollar range by the year 2013. Wind produced energy has become very economical because of better technology and increasing widespread use. This has resulted in wind technology being really competitive against more established forms of energy producing products. Not even birds get killed anymore using the innovative wind-powered technology.
You wouldn't want invest your hard-earned money into something that doesn't aid the environment. Another alternative energy resource you could invest in is solar cell technology. These little sun powered panels supply power to things like pocket calculators, flashlights, and other gadgets. Solar cells are being used on a growing number of roofs of commercial buildings, as well as housing developments and building complexes. As prices go down, the efficiency of solar arrays continues to increase. This is calculated by the amount of work needed for energy production, compared to the energy made.
Way back in 1982, the conversion efficiency of silicon cells was approximately four percent but these days, it is above twenty percent. The use of photovoltaic cells can reduce the amount of pollution being created but it is not cost-effective enough to be an alternative to traditional electricity. These photovoltaic cells, as a result of space constraints, are not able to produce industrial-production amounts of electricity. But as areas are converted to put these cells, the price and efficiency will keep on improving. With the continual search for new methods of creating alternative energy, advisors of investment portfolios are certain that energy is a smart investment.
New kinds of green energy are emerging like tidal movements, currents and temperature changes. Hydro power generation is progressing with the French, and being studied by scientists in Scotland and the US. There has been an issue with saltwater causing the deterioration of metal but the materials used these days are making hydro-power a reality. Marine growth and major storms have caused problems as well. But we are aware that the timing of ocean waves and currents is pretty consistent thus making it a reliable energy source.
In the last couple of decades, investments have increased in hydro-electric technology. The energy it creates is clean but hydro-electric energy is confined by geography. Large, older dams, even though already important as power generators, have had issues with marine life disruption. To protect the marine life, those dams were improved and the improvements have been expensive. Due to this, there have been a great deal of research in developing low-impact hydro-power technology that has no effect on the environment. Bottom line, putting your money in green, alternative energy is the way to go.