Are you in search of places to invest your money that will profitable for you? A potential area to think about investing in is the area of alternative energy. Experts believe that production of green energy will be in the multi-billion dollar range by 2013. Wind power has become really economical because of better technology and increasing widespread use. The result is wind power products have become competitive with other traditional types of sources of energy. Wind-powered technology has become so advanced that birds are no longer getting incidentally killed.
You can put your money in businesses that do a lot worse than wind energy production. Another alternative energy resource you could invest in is solar cell technology. These small sun powered panels are powering things like hand calculators, flashlights, and other gadgets. But solar cells are also being utilized to supply power to commercial buildings and housing developments. As prices go down, the efficiency of solar cells continues to improve. This is computed by the amount of work necessary for generating energy, compared to the energy made.
Back in 1982, the conversion efficiency of silicon cells was roughly 4% but nowadays, it is over 20%. Using photovoltaic cells can cut back 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. However, the price and efficiency will keep on improving as the use of these cells continue to widen. As the research and development of alternative energy continue to grow, advisors who manage investments continue to recommend people to invest in it.
There are new areas for new eco-friendly energy that are emerging like utilizing currents, tidal movements and temperature. The concept of hydro-power generation is advancing in France and being widely researched in Scotland and the US. Hydro-power has had problems previously with salt water causing metal to deteriorate but the materials utilized nowadays are better. Also before, extremely terrible storms and unusual marine growth also caused problems in using hydro-power effectively. But we do know that the timing of ocean waves and currents is pretty consistent thus making it a dependable source for energy.
Investments in hydro-electric technology have increased a lot over the past several decades. The power it creates is clean but hydro-electric energy is restricted by geography. Older dams have had problems with marine life interrupting power production. To protect the marine life, those dams were improved and the improvements have been expensive. As a result, low-impact hydro-energy plants without ecological problems, have been given more attention. The reality of all of this information is that investing in the future of green energy is a smart thing to do.