Are you in search of places to invest your money that will bring you profits? A smart investment to think about is alternative energy sources. By the year 2013, the production of green energy is anticipated to be in the multi-billion dollar range. For instance, wind turbine technology has become more widespread due to the advancement in technology and reduction in price. This wind energy technology, which is more advanced, have become more competitive, market-wise, with conventional types of energy. In fact, wind energy technology is advanced where birds no longer get killed by the propellers.
Your investment dollars might be spent in a lot of worse places than in businesses that are into wind energy production. One other alternative energy resource you could invest in is solar cell technology. You can find these in private property lights, pocket calculators, buoys employed by the US Coast Guard, and a lot of other places. Solar cells are also being utilized in more extensive projects such as commercial buildings and housing developments. As prices go down, the efficiency of solar panels continues to increase. This efficiency is calculated by the amount of energy needed to produce versus the amount of energy produced.
The silicon cells’ conversion efficiency used to be four percent in 1982, but nowadays it is above 20%. Photovoltaic cells does not result in any pollution when generating electricity but it is not economical enough to replace traditional electricity. Because of limited space, the solar cells are unable to produce very large amounts of electricity. But as areas are converted to implement these photovoltaic cells, the price and efficiency will continue improving. With the continual search for new means of generating alternative energy, advisors of investment portfolios are positive that energy is a good investment.
There are new areas for new green energy that are appearing like employing currents, tidal movements and temperature. The concept of hydro-power generation is advancing in France and being widely researched in Scotland and the United States. Hydro-power has had issues in the past with salt water causing the deterioration of metal but the materials employed these days are better. Severe storms and marine growth have also been disruptions to the production of energy years ago. Still, leveraging the ocean for energy has an advantage since we know that waves and currents are very predictable and are consistent.
Investments in hydro-electric technology have grown a good deal over the past several decades. The energy it creates is clean but hydro-electric energy is confined by geography. Big, older dams, although already important as energy generators, have had issues with marine life disturbance. There has been mcuh effort done to protect the marine life but the cost has been high. As a result, there have been efforts to come up with ecologically sound, low-impact means to produce hydro-power. Bottom line, putting your money in alternative energy is the way to go.