Are you looking for a place to invest your money? A wise investment to seriously consider is alternative energy sources. It is predicted that the production of green energy will be in the billion dollar range by 2013. For instance, wind turbine technology has become more widespread because of advancement in technology and decrease in price. This wind power technology, which is more innovative, have become more competitive, market-wise, with conventional types of sources of energy. In fact, wind energy technology is advanced where birds no longer get killed by the propellers.
You can put your hard-earned money in businesses that do a lot worse than wind energy production. Still another alternative energy resource you could invest in is solar cell technology. These small solar-powered cells supply power to things like hand calculators, flashlights, and other gizmos. Solar cells are being utilized on a growing number of roofs of commercial buildings, as well as housing developments and building complexes. As the price to use these solar batteries continue to decrease, the energy efficiency continues to get better. This is computed by the amount of work required for energy production, compared to the energy generated.
Way back in 1982, the silicon cells' conversion efficiency was roughly four percent but nowadays, it is above twenty percent. Utilizing solar cells can reduce the amount of pollution being produced but it is not economical enough to be an alternative to conventional electricity. These solar cells, because of space constraints, are not able to produce industrial-production amounts of electricity. Still, the price and efficiency will keep on improving as the use of these cells continue to expand. As the research and development of alternative energy continue, advisors who manage investments continue to recommend people to invest in it.
New forms of green energy are coming from tidal movement, currents, and differences in temperature. Hydro power generation is advancing with the French, and being studied by scientists in Scotland and America. There has been a problem with saltwater causing metal to deteriorate but the materials employed today are making hydro-power possible. Also previously, really severe storms and unusual marine growth also caused problems in using hydro-power effectively. Still, leveraging the ocean for energy has an advantage since we know that waves and currents are very predictable and are consistent.
In the last several decades, money poured into hydro-electric technology has gone up. It is very clean power, but hydro-electric power is apparently restricted by geography. Large, older dams, although already important as power generators, have had issues with marine life disturbance. In an effort to protect the marine life, those dams have been improved and the improvements have been expensive. As a consequence, there have been efforts to discover ecologically sound, low-impact ways to make hydro-power. After all's said and done, putting your money in green energy is the way to go.