Are you searching for a place to invest your money? Why not take some of your money and invest it in alternative sources of energy? It is predicted 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 decrease in price. This wind power technology, which is more state-of-the-art, have become more competitive, market-wise, with traditional types of sources of energy. Wind technology has become so advanced that birds are no longer getting accidentally killed.
You can put your hard-earned money in businesses that do a lot worse than wind energy production. One other alternative energy resource you may invest in is photovoltaic cell technology. These small sun powered panels are powering things like calculators, flashlights, and other gizmos. Photovlotaic cells are being utilized on more and more roofs of commercial buildings, and also housing developments and building complexes. Along with the dropping costs, their energy efficiency is constantly increasing. This is figured out by the amount of work required for producing energy, compared to the energy produced.
Back in 1982, the conversion efficiency of silicon cells was more or less four percent but today, it is over 20 percent. Photovoltaic cells does not result in any pollution when producing electricity but it is not cost-effective enough to replace standard electricity. As large amounts of cells are needed to make large amounts of electricity, they are not ready for producing electricity on a large scale. There are more available areas where these cells can be installed, and the efficiency is rising while the costs keep going down. As the research and development of alternative energy continue to grow, advisors who manage investments are recommending their clients to invest in it.
New forms of green energy are emerging such as 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. Hydro-power has had problems in the past with salt water causing the deterioration of metal but the materials employed today are more efficient. Terrible storms and marine growth have likewise been disruptions to the production of energy previously. Still, we do know that the timing of ocean waves and currents is really consistent thus making it a reliable source for energy.
Investments in hydro-electric technology have grown a good deal over the past few decades. Hydro-electric energy generates extremely clean energy but it is restricted by location. Big, older dams, even though already important as power generators, have had issues with marine life disturbance. In order to protect the marine life, those dams have been improved and the improvements have been costly. Due to this, there have been a great deal of research in coming up with low-impact hydro-power technology that has no effect on the environment. The bottom line is that investing your dollars in green sources of energy is investing in our future.