Is It Prudent To Invest In Alternative Energy?

Are you looking for ways to generate profits? Why don’t you take some of your money and put it into alternative sources of energy? By the year 2013, the production of green energy is anticipated to be in the multi-billion dollar range. For example, wind turbine technology has become more widespread because of advancement in technology and decrease in cost. The result is wind power products have become competitive with other established types of energy. In fact, the technology is advanced where birds no longer being killed by the propellers.
You can put your money in businesses that do a lot worse than wind energy production. Another area to consider are solar cell investments, or photovoltaic cell technology. You can find these in private property lights, pocket calculators, buoys employed by the US Coast Guard, and a lot of other places. They are being used on a growing number of roofs of commercial buildings, as well as housing developments and building complexes. As the price to use these solar cells continue to go down, the energy efficiency continues to increase. This is computed by the amount of work required for energy production, compared to the energy produced.
The silicon cells’ conversion efficiency used to be 4% in 1982, but today it is over twenty percent. When generating electric power, photovoltaic cells do not emit any pollution, but currently they are not cost-effective with regular electricity. These cells, because of space constraints, are unable to create industrial-production amounts of electricity. Nevertheless, the price and efficiency will continue to improve as the use of these solar cells continue to grow. With the continual search for new methods of generating alternative energy, advisors of investment portfolios are certain that energy is a good investment.
New types of clean energy are coming up such as tidal movements, currents and temperature changes. The concept of hydro-power generation is advancing in France and being extensively researched in Scotland and America. There has been an issue with saltwater causing metal deterioration but the materials utilized nowadays are making hydro-power possible. Also in the past, very severe storms and odd marine growth also caused problems in using hydro-power effectively. But we are aware that the timing of ocean waves and currents is very consistent thus making it a reliable source for energy.
In the last few decades, money poured into hydro-electric technology has grown. The power it produces is clean but hydro-electric energy is limited by geography. Older dams, for instance, have had issues with marine life disruption. Much has been done to protect the marine life near the dams but the costs have been very high. Because of this, there have been a great deal of research in creating low-impact hydro-power technology that does not affect the environment. The reality of all of this information is that putting your money in the future of alternative energy is a smart thing to do.