Is Putting Your Money in Alternative Energy A Wise Investment?Are you in search of a place to invest your money? A wise investment to think about is alternative energy. Many believe that green energy production will be in the multi-billion dollar range by 2013. Wind-produced energy has become more affordable with the advancement in wind-turbine technologies and more widespread in usage also. This has resulted in wind technology being really competitive against more traditional forms of energy producing products. Not even birds get killed anymore with the innovative wind-powered technology.
You can put your money in companies that do a lot worse than wind energy production. One other area to consider are solar power investments, or solar cell technology. These solar cells can be found in small lights, hand calculators, buoys employed by the US Coast Guard and other gizmos. They are being used on more and more roofs of commercial buildings, and also housing developments and building complexes. Along with the dropping costs, their energy efficiency is always increasing. This is measured by the amount of work to produce energy versus the amount of energy made.
Way back in 1982, the silicon cells' conversion efficiency was about 4 percent but these days, it is over twenty percent. The use of solar cells can reduce the amount of pollution being produced but it is not inexpensive enough to be an alternative to conventional electricity. These solar cells, because of space constraints, can't create industrial-production amounts of electricity. There are more available areas where these photovoltaic cells can be installed, and the efficiency is increasing while the costs keep declining. As the research and development of alternative energy continue, advisors who manage investments continue to recommend people to invest in it.
New forms of eco-friendly energy are coming from tidal movement, currents, and differences in temperature. Utilizing hydro-power is advancing well in France and being researched in Scotland and the US. Hydro-power has had issues previously with salt water causing the deterioration of metal but the materials used nowadays are more efficient. Bad storms and marine growth have likewise been disruptions to the production of energy years ago. Because the timing of ocean waves and currents can be relied on, as well as understood, there is a great advantage to ocean-produced energy.
Investments in hydro-electric technology have gone up a great deal over the past few decades. It is extremely clean power, but hydro-electric power is evidently confined by geography. Older dams, for instance, have had issues with marine life disruption. Much has been done to protect the marine life close to the dams but the costs have been very high. As a result, low-impact hydro-energy generators without ecological problems, have been given more attention. The reality of all of this information is that investing your dollars in the future of green energy is good advice.