Are you in search of places to invest your money that will bring you profits? Why don't you take some of your money and invest it in alternative sources of energy? By the year 2013, green energy production is expected to be in the multi-billion dollar range. Wind power has become extremely affordable due to better technology and increasing widespread use. The result is wind energy products have become competitive with other established types of energy. Not even birds are getting killed anymore using the new wind-powered technology.
Your ivnestment money may be spent in other worse places than in companies that are engaged in wind energy production. One other alternative energy resource you could invest in is solar cell technology. These little solar-powered cells power things like pocket calculators, flashlights, and other gadgets. But they are likewise being utilized to supply power to commercial buildings and housing developments. As the price to use these solar cells continue to go down, the energy efficiency continues to improve. This is calculated by the amount of work necessary for producing energy, compared to the energy made.
Back in 1982, the silicon cells' conversion efficiency was more or less 4 percent but these days, it is move than 20 percent. The use of solar cells can reduce the amount of pollution being created but it is not economical enough to be an alternative to conventional electricity. Because large amounts of solar cells are called for to make large amounts of electricity, they are not ready for producing electricity on a large scale. But as areas are converted to put these cells, the price and efficiency will continue improving. With the nonstop search for new means of generating alternative energy, advisors of investment portfolios are certain that energy is a good investment.
solar power system
New forms of clean energy are emerging from tidal movement, currents, and differences in temperature. Utilizing hydro-power is going well in France and being researched in Scotland and the US. There has been an issue with saltwater causing metal to deteriorate but the materials employed today are making hydro-power possible. Marine growth and major storms have caused problems as well. However, leveraging the ocean for energy has an advantage since we know that waves and currents can be predicted and are consistent.
In the last several decades, money invested in hydro-electric technology has increased. The power it makes is clean but hydro-electric power is confined by geography. Older dams have had problems with marine life causing disruption to production of energy. There has been great effort to protect the marine life but it's been expected. As aresult, there have been a great deal of research in developing low-impact hydro-power technology that doesn't negatively affect the environment. The bottom line is that investing your dollars in eco-friendly energy equals investing in our future.