Are you looking for a place to invest your money? A potential area to think about investing in is alternative energy. Many predict that production of green energy will be in the multi-billion dollar range by 2013. For instance, wind turbine technology has become more widespread because of advancement in technology and decrease in cost. This has resulted in wind technology being really competitive against more conventional forms of energy producing products. In fact, wind energy technology is advanced where birds no longer being killed by the propellers.
You can invest your money in businesses that do a lot worse than wind energy production. One other area to look into putting your money in is solar cell technology. These solar panels can be found in small lights, hand calculators, buoys employed by the US Coast Guard and other gizmos. They are being utilized on an increasing number of roofs of commercial buildings, and also housing developments and building complexes. As the price to use these solar batteries continue to fall, the energy efficiency continues to increase. This is computed by the amount of work to make energy versus the amount of energy produced.
Back in 1982, the energy conversion efficiency of silicon cells was 4% 4 percent, and with the latest technology, it is over twenty percent. When creating electrical power, photovoltaic cells do not produce any pollution, but currently they are not cost-effective with regular electricity. These solar cells, because of space constraints, are not able to produce industrial-production amounts of electricity. There are more available areas where these solar cells can be implemented, and the efficiency is rising while the costs keep coming down. With the nonstop search for new ways of producing alternative energy, advisors of investment portfolios are confident that energy is a wise investment.
New kinds of eco-friendly energy are appearing like tidal movements, currents and temperature changes. The concept of hydro-power generation is advancing in France and being extensively researched in Scotland and the United States. There has been a problem with saltwater causing the deterioration of metal but the materials used today are making hydro-power a reality. Also before, very terrible storms and unusual marine growth also caused problems in using hydro-power effectively. But leveraging the ocean for energy has an advantage since we know that waves and currents can be predicted and are consistent.
In the last few decades, money put into hydro-electric technology has increased. It is very clean power, but hydro-electric power is obviously confined by geography. Older dams have had issues with marine life disrupting production of energy. A great deal has been done to protect the marine life close to the dams but the costs have been very high. Because of this, low-impact hydro-power generators with no ecological problems, have been given more attention. The bottom line is that putting your money in alternative energy sources equals investing in our future.