Are you in search of a place to invest your money? A good investment to think about is alternative energy. It is anticipated 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 reduction in price. The result is wind power products have become competitive with other conventional types of energy. In fact, wind energy technology is advanced where birds no longer being killed by the propellers.
You don't want invest your money into something that doesn't help the environment. One other area to think about are solar power investments, or solar cell technology. You can find these in private property lights, hand calculators, buoys used by the US Coast Guard, and a number of other places. Photovoltaic cells are also being used in more extensive projects such as commercial buildings and housing developments. Together with the decreasing costs, their energy efficiency is constantly increasing. This is calculated by the amount of work necessary for producing energy, compared to the energy made.
Silicon cells used to have a conversion efficiency of 4 percent in 1982, but today it is over 20 percent. Using solar cells can bring down the amount of pollution being produced but it is not inexpensive enough to be an alternative to traditional electricity. As a result of limited space, the cells are not able to produce extremely large amounts of electricity. But as areas are converted to install these solar cells, the cost and efficiency will continue to improve. With the nonstop search for new ways of creating alternative energy, advisors of investment portfolios are positive that energy is a good investment.
There are new areas for new energy that are appearing like using currents, tidal movements and temperature. Hydro power generation is advancing with the French, and being studied by experts in Scotland and the United States. Hydro-power has had problems before with salt water causing the deterioration of metal but the materials employed nowadays are better. Terrible storms and marine growth have likewise been disruptions to the production of energy previously. Because the timing of ocean waves and currents is so reliable, as well as understood, there is a big advantage to ocean-produced energy.
solar panels australia
Investments in hydro-electric technology have gone up a great deal over the past several decades. Hydro-electric energy produces very clean energy but it is confined by location. Older dams, for instance, have had problems with marine life disruption. A lot has been done to protect the marine life near the dams but it's been costly. As a consequence, there have been efforts to discover ecologically sound, low-impact methods to produce hydro-power. The bottom line is that investing your dollars in eco-friendly energy equals investing in our future.