Is It Prudent To Invest In Alternative Energy?Energis Smart Energy Solutions
Are you searching for means to turn your extra money into profit? A wise investment to consider is alternative sources of energy. It is expected that alternative energy production will be in the billion dollar range by 2013. For example, wind turbine technology has become more widespread as a result of advancement in technology and decrease in cost. The result is wind energy products have become competitive with other conventional types of energy. In fact, the technology is advanced where birds no longer get killed by the propellers.
You wouldn't want put your dollars into something that doesn't aid the environment. Another area to look into are solar power investments, or solar cell technology. These small solar-powered cells power things like calculators, flashlights, and other gizmos. But they are likewise being utilized to supply power to commercial buildings and housing developments. As the cost to use these solar batteries continue to fall, the energy efficiency continues to increase. This is measured by the amount of work to create energy against the amount of energy made.
Back in 1982, the conversion efficiency of silicon cells was four percent, and with the up-to-date technology, it is over 20 percent. Using solar cells can bring down the amount of pollution being created but it is not economical enough to be an alternative to traditional electricity. These cells, because of space constraints, can't produce industrial-production amounts of electricity. But as areas are converted to implement these photovoltaic cells, the cost and efficiency will get better. As companies and individuals continue to find ways to create alternative energy, investment advisors still believe that energy is a good investment.
New types of clean energy are appearing like tidal movements, currents and temperature changes. Using hydro-power is progressing well in France and being researched in Scotland and America. Salt water has been an issue before with metal deterioration, but that has been made better by employing better materials. Also in the past, extremely bad storms and strange marine growth also caused problems in using hydro-power effectively. Still, we know that the timing of ocean waves and currents is very consistent thus making it a dependable energy source.
In the last several decades, money poured into hydro-electric technology has gone up. Hydro-electric energy generates really clean energy but it is restricted by location. Older dams, for instance, have had issues with marine life disruption. There has been a lot of effort to protect the marine life but the cost has been high. As a result, low-impact hydro-energy plants with no ecological problems, have been given more attention. The bottom line is that putting your money in eco-friendly energy sources equals investing in our future.