Is Putting Your Money in Alternative Energy Sources A ... - Society

Are you in search of a place to invest your money? A potential area to consider investing in is the area of alternative energy. By the year 2013, the production of green energy is expected to be in the multi-billion dollar range. Wind energy has become more economical with the advancement in wind-turbine technologies and more widespread in usage also.

Wind Technology

This has resulted in wind technology being very competitive against more conventional types of energy producing products. Not even birds get killed anymore using the innovative wind-powered technology.

You can invest your money in companies that do a lot worse than wind energy production. Still another alternative energy resource you may invest in is photovoltaic cell technology. These little sun powered panels power things like pocket calculators, flashlights, and other gadgets.

But photovoltaic cells are also being employed to supply power to commercial buildings and housing developments.

Pricing

As prices go down, the efficiency of solar arrays continues to get better. This efficiency is calculated by the amount of energy needed to produce against the amount of energy created.

Back in 1982, the conversion efficiency of silicon cells was four percent, and with the up-to-date technology, it is above twenty percent. The use of solar cells can bring down the amount of pollution being created but it is not inexpensive enough to be an alternative to traditional electricity.

The Cells Themselves

These cells, as a result of space constraints, are unable to generate industrial-production amounts of electricity. But as areas are converted to implement these photovoltaic cells, the price and efficiency will keep on improving. As the research and development of alternative energy grow, advisors who manage investments are encouraging their clients to invest in it.

New forms of green energy are originating from tidal movement, currents, and differences in temperature. Using hydro-power is going well in France and being researched in Scotland and the US. Hydro-power has had issues in the past with salt water causing metal deterioration but the materials utilized today are more efficient.

Disruptions

Terrible storms and marine growth have likewise been disruptions to the production of energy in the past. Because the timing of ocean waves and currents is very reliable, as well as understood, there is a big advantage to ocean-produced energy.

In Conclusion

In the last several decades, money invested in hydro-electric technology has gone up. Hydro-electric energy produces extremely clean energy but it is limited by location. Older dams, for instance, have had problems with marine life disruption. In an effort to protect the marine life, those dams were improved and the improvements have been costly.

Due to this, there have been a lot of research in coming up with low-impact hydro-power technology that has no effect on the environment. Bottom line, investing your dollars in green, alternative energy is the way to go.

Source: http://society.ezinemark.com/is-putting-your-money-in-alternative-energy-sources-a-good-investment-18352993ef6.html

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