Are you in search of places to invest your money that will profitable for you? A smart investment to think about is alternative sources of energy. A lot of people believe that alternative energy production will be in the multi-billion dollar range by 2013. Wind produced energy has become very cost-effective because of better technology and increasing widespread use. The result is wind energy products have become competitive with other established types of energy. Not even birds are getting killed anymore using the new wind-powered technology.
Your ivnestment money could be spent in a lot of worse places than in companies that are into wind energy production. Another alternative energy resource you could invest in is solar cell technology. These little sun powered panels power things like calculators, flashlights, and other gizmos. But photovoltaic cells are likewise being employed to supply power to commercial buildings and housing developments. As the price to use these solar arrays continue to go down, the energy efficiency continues to improve. This is measured by the amount of work to produce energy against the amount of energy created.
Back in 1982, the silicon cells' conversion efficiency was approximately 4 percent but these days, it is move than 20 percent. When creating electric power, photovoltaic cells do not emit any pollution, but right now they are not cost-effective with regular electricity. These solar cells, as a result of space constraints, can't produce industrial-production amounts of electricity. Nevertheless, the cost and efficiency will keep on improving as the use of these solar cells continue to widen. As companies and individuals keep on finding ways to create alternative energy, investment advisors still think that energy is a good investment.
There are new areas for new energy that are emerging like utilizing currents, tidal movements and temperature. Using hydro-power is going well in France and being researched in Scotland and the US. Hydro-power has had issues in the past with salt water causing metal to deteriorate but the materials employed today are better. Marine growth and major storms have resulted in problems too. Because the timing of ocean waves and currents is very reliable, as well as understood, there is a huge advantage to ocean-produced energy.
Investments in hydro-electric technology have increased a great deal over the past several decades. Hydro-electric energy produces very clean energy but it is restricted by location. Large, older dams, while already important as power generators, have had issues with marine life disturbance. To protect the marine life, those dams were improved and the improvements have been expensive. As aresult, there have been a lot of research in coming up with low-impact hydro-power technology that does not affect the environment. The bottom line is that investing your dollars in green energy sources equals investing in our future.