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

Are you interested in ways that are profitable? A smart investment to think about is alternative energy sources. It is expected that the production of green energy will be in the billion dollar range by the year 2013. For example, wind turbine technology has become more widespread due to the advancement in technology and reduction in cost. The result is wind energy products have become competitive with other conventional types of sources of energy. Wind-powered technology has become improved that birds are no longer being incidentally killed.
You don't want put your dollars into something that doesn't aid the environment. One other area to consider putting your money in is photovoltaic cell technology. These solar arrays can be found in small lights, calculators, buoys utilized by the US Coast Guard and other devices. They are being used on an increasing number of roofs of commercial buildings, as well as housing developments and building complexes. As the price to use these solar cells continue to decrease, the energy efficiency continues to get better. This is calculated by the amount of work to produce energy against the amount of energy produced.
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Way back in 1982, the silicon cells' conversion efficiency was approximately 4% but nowadays, it is over 20 percent. Photovoltaic cells does not result in any pollution when creating electricity but it is not economical enough to replace regular electricity. As large amounts of cells are called for to make large amounts of electricity, they are not ready for producing electricity on a large scale. However, the price and efficiency will continue improving as the use of these photovoltaic cells continue to widen. With the continual search for new means of producing alternative energy, advisors of investment portfolios are confident that energy is a good investment.
New forms of green energy are appearing such as tidal movements, currents and temperature changes. Hydro power generation is progressing with the French, and being studied by scientists in Scotland and America. Salt water has been a problem previously with metal deterioration, but that has been made better by making use of better materials. Severe storms and marine growth have also been disruptions to the production of energy previously. Still, leveraging the ocean for energy has an advantage since we know that waves and currents are highly predictable and are consistent.
In the last couple of decades, money put into hydro-electric technology has gone up. The energy it produces is clean but hydro-electric energy is restricted by geography. Older dams, for instance, have had issues with marine life disruption. There has been mcuh effort done to protect the marine life but it's been costly. Because of this, low-impact hydro-power generators without ecological problems, have been given more attention. The bottom line is that putting your money in alternative energy sources means investing in our future.

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