Is It Prudent To Invest In Alternative Energy?Are you searching for ways to turn your extra money into profit? A wise investment to think about is alternative sources of energy. It is expected that alternative energy production will be in the billion dollar range by the year 2013. Wind energy has become more affordable with the advancement in wind-turbine technologies and more widespread in usage too. The result is wind energy products have become competitive with other traditional types of energy. Wind technology has become better that birds are no longer being incidentally killed.
Your money could be spent in other worse places than in businesses that are engaged in wind energy production. Another alternative energy resource you could invest in is photovoltaic cell technology. These solar cells can be found in small lights, pocket calculators, buoys employed by the US Coast Guard and other devices. However, photovoltaic cells are likewise being used to supply power to commercial buildings and housing developments. Along with the dropping prices, their energy efficiency is always increasing. This is calculated by the amount of work to create energy against the amount of energy made.
Way back in 1982, the energy conversion efficiency of silicon cells was about 4 percent but today, it is above 20%. When creating electric power, photovoltaic cells do not produce any pollution, but currently they are not cost-effective with regular electricity. These cells, because of space constraints, are not able to create industrial-production amounts of electricity. There are more available areas where these cells can be put, and the efficiency is increasing while the costs keep declining. As companies and individuals keep on finding ways to create alternative energy, investment advisors still think that energy is a wise investment.
There are new areas for new green energy that are appearing like utilizing currents, tidal movements and temperature. Hydro power generation is progressing with the French, and being studied by those in Scotland and America. Hydro-power has had issues before with salt water causing metal to deteriorate but the materials employed nowadays are better. Also previously, very violent storms and odd marine growth also caused problems in using hydro-power effectively. As the timing of ocean waves and currents is very reliable, as well as understood, there is a big advantage to ocean-produced energy.
In the last couple of decades, money invested in hydro-electric technology has gone up. It is really clean power, but hydro-electric power is apparently confined by geography. Bigger, older dams, even though already important as energy generators, have had issues with marine life disruption. In order to protect the marine life, those dams have been improved and the improvements have been costly. Because of this, low-impact hydro-energy plants with no ecological problems, have been given more attention. The reality of all of this information is that investing in the future of eco-friendly energy is a smart thing to do.