Is It Smart To Invest In Alternative Energy?
Are you looking for ways to generate profits? A good area to consider investing in is the area of alternative energy. By the year 2013, green energy production is predicted to be in the multi-billion dollar range. Wind energy has become very affordable due to better technology and increasing widespread use. The result is wind power products have become competitive with other traditional types of energy sources. As a matter of fact, wind energy technology is advanced where birds no longer get killed by the propellers.
You shouldn't invest your money into something that doesn't provide assistance to the environment. Another alternative energy resource you could invest in is photovoltaic cell technology. These little sun powered panels are powering things like calculators, flashlights, and other gizmos. They are also being used in more extensive projects like commercial buildings and housing developments. With the falling costs, their energy efficiency is always increasing. This is figured out by the amount of work necessary for energy production, compared to the energy made.
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In 1982, the conversion efficiency of silicon cells was approximately 4% but these days, it is above twenty percent. Using solar cells can cut back the amount of pollution being produced but it is not cost-effective enough to be an alternative to conventional electricity. As a result of limited space, the cells cannot produce extremely large amounts of electricity. Nonetheless, the cost and efficiency will continue to improve as the use of these cells continue to grow. As companies and individuals keep on finding ways to generate alternative energy, investment advisors still believe that energy is a smart investment.
New kinds of green energy are coming up like tidal movements, currents and temperature changes. Hydro power generation is progressing with the French, and being studied by experts in Scotland and the United States. Salt water has been a problem in the past with metal deterioration, but that has been made better by employing better materials. Marine growth and violent storms have led to problems too. However, we are aware that the timing of ocean waves and currents is pretty consistent thus making it a reliable source for energy.
Investments in hydro-electric technology have increased a lot over the past few decades. The energy it generates is clean but hydro-electric energy is restricted by geography. Large, older dams, although already important as energy generators, have had issues with marine life disruption. Much has been done to protect the marine life close to the dams but the costs have been very high. As aresult, there have been lots of research in coming up with low-impact hydro-power technology that has no effect on the environment. Bottom line, investing your dollars in green energy is the way to go.