Alternative Energy: A Wise Investment?Are you in search of a place to invest your money? Why not take some of your money and put it into alternative sources of energy? By the year 2013, the production of eco-friendly energy is anticipated to be in the multi-billion dollar range. Wind produced energy has become extremely cost-effective because of better technology and increasing widespread use. This wind power technology, which is more advanced, have become more competitive, market-wise, with conventional types of energy. Wind-powered technology has become so advanced that birds are no longer being accidentally killed.
You wouldn't want put your hard-earned money into something that doesn't help the environment. Still another alternative energy resource you could invest in is photovoltaic cell technology. These little sun powered panels power things like hand calculators, flashlights, and other gadgets. Photovoltaic cells are also being utilized in larger projects like commercial buildings and housing developments. As the cost to use these solar arrays continue to go down, the energy efficiency continues to get better. This is figured out by the amount of work required for energy production, compared to the energy made.
Silicon cells used to have a conversion efficiency of four percent in 1982, but today it is above 20%. When creating electric power, solar cells do not produce any pollution, but right now they are not cost-effective with regular electricity. These solar cells, because of space constraints, are unable to produce industrial-production amounts of electricity. Still, the price and efficiency will get better as the use of these cells continue to widen. With the nonstop search for new means of producing alternative energy, advisors of investment portfolios are certain that energy is a wise investment.
There are new areas for new eco-friendly energy that are being discovered like using 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. Salt water has been an issue before with metal deterioration, but that has been made better by utilizing better materials. Violent storms and marine growth have also been disruptions to the production of energy in the past. However, we know that the timing of ocean waves and currents is really consistent thus making it a sure energy source.
Investments in hydro-electric technology have increased a great deal over the past several decades. Hydro-electric power produces very clean energy but it is restricted by location. Older dams have had problems with marine life interrupting power production. In order to protect the marine life, those dams have been improved and the improvements have been pricy. Because of this, there have been a great deal of research in developing low-impact hydro-power technology that doesn't negatively affect the environment. The reality of all of this information is that investing your dollars in the future of eco-friendly energy is good advice.