Is Putting Your Money in Alternative Energy A Good Investment?

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Are you searching for places to invest your money that will turn out to be profitable? Why not take some of your money and invest it in alternative energy? By the year 2013, the production of eco-friendly energy is predicted to be in the multi-billion dollar range. wind power has become more economical with the advancement in wind-turbine technologies and more widespread in usage as well. This wind power technology, which is more innovative, have become more competitive, market-wise, with conventional types of energy sources. In fact, wind-produced energy is advanced where birds no longer get killed by the propellers.

Your money might be spent in many other worse places than in businesses that are engaged in wind energy production. One other area to look into putting your money in is photovoltaic cell technology. These solar cells can be found in small lights, hand calculators, buoys used by the US Coast Guard and other gadgets. They are also being used in larger projects such as commercial buildings and housing developments. Together with the dropping costs, their energy efficiency is constantly increasing. This is computed by the amount of work to produce energy versus the amount of energy created.

Back in 1982, the energy conversion efficiency of silicon cells was approximately four percent but nowadays, it is above twenty percent. The use of solar cells can bring down the amount of pollution being created but it is not inexpensive enough to be an alternative to conventional electricity. Because of limited space, the cells cannot produce extremely large amounts of electricity. But as areas are converted to install these photovoltaic cells, the cost and efficiency will keep on improving. With the nonstop search for new methods of creating alternative energy, advisors of investment portfolios are confident that energy is a smart investment.

New types of clean energy are emerging from tidal movement, currents, and differences in temperature. Hydro power generation is advancing with the French, and being studied by scientists in Scotland and the US. There has been an issue with saltwater causing metal deterioration but the materials utilized these days are making hydro-power a reality. Terrible storms and marine growth have likewise been disruptions to the production of energy years ago. However, leveraging the ocean for energy has an advantage because we know that waves and currents can be predicted and are consistent.

In the last two decades, investments have increased in hydro-electric technology. The power it generates is clean but hydro-electric power is restricted by geography. Older dams, for example, have had issues with marine life disruption. A lot has been done to protect the marine life close to the dams but it's been costly. As a result of this, low-impact hydro-power generators without ecological problems, have been given more attention. The bottom line is that investing in alternative energy equals investing in our future.

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