Is Putting Your Money in Alternative Energy Sources A Smart Investment?

Are you searching for means to generate profits? A good investment to seriously consider is alternative energy. Many think that green energy production will be in the multi-billion dollar range by the year 2013. Wind power has become very economical due to better technology and increasing widespread use. This has resulted in wind technology being very competitive against more established forms of energy producing products. Wind technology has become improved that birds are no longer being incidentally killed.
You shouldn't invest your dollars into something that doesn't help the environment. Another alternative energy resource you could invest in is photovoltaic cell technology. These little solar-powered cells supply power to things like hand calculators, flashlights, and other gadgets. They are also being used in larger projects like commercial buildings and housing developments. As the price to use these solar cells continue to go down, the energy efficiency continues to increase. This efficiency is determined by the amount of energy needed to produce against the amount of energy produced.
Back in 1982, the energy conversion efficiency of silicon cells was about four percent but today, it is over 20%. When creating electrical power, solar cells do not produce any pollution, but currently they are not cost-effective with regular electricity. These cells, as a result of space constraints, are unable to produce industrial-production amounts of electricity. But as areas are converted to implement these photovoltaic cells, the cost and efficiency will get better. With the constant search for new means of creating alternative energy, advisors of investment portfolios are positive that energy is a good investment.
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There are new areas for new eco-friendly energy that are appearing like utilizing currents, tidal movements and temperature. Hydro power generation is progressing with the French, and being studied by experts in Scotland and the US. Hydro-power has had issues before with salt water causing metal deterioration but the materials utilized these days are more efficient. Terrible storms and marine growth have likewise been disruptions to the production of energy years ago. Since the timing of ocean waves and currents is so reliable, as well as understood, there is a great advantage to ocean-produced energy.
In the last two decades, investments have gone p in hydro-electric technology. It is very clean power, but hydro-electric power is evidently restricted by geography. Large, older dams, although already important as power generators, have had problems with marine life disturbance. Much has been done to protect the marine life near the dams but the costs have been very high. As aresult, there have been a lot of research in coming up with low-impact hydro-power technology that doesn't negatively affect the environment. The bottom line is that investing in alternative energy is investing in our future.

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