Is Putting Your Money in Alternative Energy A Good Investment?Are you looking for a place to invest your money? Have you thought about taking some of your money and put it into alternative sources of energy? A lot of people predict that green energy production will be in the multi-billion dollar range by 2013. Wind produced energy has become really economical because of better technology and increasing widespread use. This has resulted in wind technology being really competitive against more established types of energy producing products. Not even birds are getting killed anymore with the innovative wind-powered technology.
You don't want invest your money into something that doesn't aid the environment. Another area to look into investing is solar cell technology. These solar cells can be found in small lights, hand calculators, buoys employed by the US Coast Guard and other gadgets. Solar cells are being used on a growing number of roofs of commercial buildings, as well as housing developments and building complexes. As the cost to use these solar batteries continue to decrease, the energy efficiency continues to increase. This efficiency is calculated by the amount of energy needed to produce versus the amount of energy generated.
Back in 1982, the silicon cells' conversion efficiency was 4% 4 percent, and with the latest technology, it is over 20%. When generating electrical power, photovoltaic cells do not emit any pollution, but right now they are not cost-effective with regular electricity. Because large amounts of cells are required to create large amounts of electricity, they are not ready for producing electricity on a large scale. But as areas are converted to put these solar cells, the cost and efficiency will continue improving. With the constant search for new methods of generating alternative energy, advisors of investment portfolios are confident that energy is a good investment.
New forms of clean energy are appearing such as tidal movements, currents and temperature changes. Hydro power generation is progressing with the French, and being studied by those in Scotland and America. There has been a problem with saltwater causing the deterioration of metal but the materials employed today are making hydro-power a reality. Marine growth and severe storms have resulted in problems also. Because the timing of ocean waves and currents is so reliable, as well as understood, there is a huge advantage to ocean-produced energy.
In the last 20 years, investments have grown in hydro-electric technology. It is very clean power, but hydro-electric power is obviously restricted by geography. Older dams have had problems with marine life interrupting energy production. In an effort to protect the marine life, those dams were improved and the improvements have been costly. As a consequence, there have been efforts to find ecologically sound, low-impact methods to create hydro-power. The bottom line is that investing in green sources of energy equals investing in our future.