Are you looking for a place to invest your money? A potential area to think about investing in is the area of alternative energy. By the year 2013, the production of green energy is predicted to be in the multi-billion dollar range. For instance, wind turbine technology has become more widespread due to the advancement in technology and reduction in cost. This wind power technology, which is more innovative, have become more competitive, market-wise, with established types of energy. Not even birds are getting killed anymore using the new wind-powered technology.
Your money might be spent in many other worse places than in companies that are engaged in wind energy production. One other area to think about putting your money in is photovoltaic cell technology. You wil lbe able to find these in private property lights, calculators, buoys utilized by the US Coast Guard, and a lot of other places. Photovoltaic cells are being utilized on a growing number of roofs of commercial buildings, as well as housing developments and building complexes. Along with the falling costs, their energy efficiency is constantly increasing. This is calculated by the amount of work required for producing energy, compared to the energy produced.
In 1982, the silicon cells' conversion efficiency was approximately four percent but today, it is over twenty percent. When creating electric power, solar cells do not create any pollution, but currently they are not cost-effective with regular electricity. These solar cells, due to space constraints, are unable to produce industrial-production amounts of electricity. There are more available areas where these solar cells can be installed, and the efficiency is increasing while the costs keep going down. With the continual search for new means of creating alternative energy, advisors of investment portfolios are confident that energy is a good investment.
New kinds of eco-friendly energy are coming up like tidal movements, currents and temperature changes. Hydro power generation is advancing with the French, and being studied by scientists in Scotland and America. Salt water has been an issue previously with metal deterioration, but that has been made better by using better materials. Severe storms and marine growth have likewise been disruptions to the production of energy previously. As the timing of ocean waves and currents can be relied on, as well as understood, there is a great advantage to ocean-produced energy.
In the last two decades, investments have increased in hydro-electric technology. Hydro-electric energy generates extremely clean energy but it is limited by location. Bigger, older dams, while already important as energy generators, have had problems with marine life disruption. To protect the marine life, those dams have been improved and the improvements have been pricy. As a result, low-impact hydro-energy plants that doesn't cause ecological problems, have been given more attention. The reality of all of this information is that putting your money in the future of alternative energy is a smart thing to do.
Your money might be spent in many other worse places than in companies that are engaged in wind energy production. One other area to think about putting your money in is photovoltaic cell technology. You wil lbe able to find these in private property lights, calculators, buoys utilized by the US Coast Guard, and a lot of other places. Photovoltaic cells are being utilized on a growing number of roofs of commercial buildings, as well as housing developments and building complexes. Along with the falling costs, their energy efficiency is constantly increasing. This is calculated by the amount of work required for producing energy, compared to the energy produced.
In 1982, the silicon cells' conversion efficiency was approximately four percent but today, it is over twenty percent. When creating electric power, solar cells do not create any pollution, but currently they are not cost-effective with regular electricity. These solar cells, due to space constraints, are unable to produce industrial-production amounts of electricity. There are more available areas where these solar cells can be installed, and the efficiency is increasing while the costs keep going down. With the continual search for new means of creating alternative energy, advisors of investment portfolios are confident that energy is a good investment.
New kinds of eco-friendly energy are coming up like tidal movements, currents and temperature changes. Hydro power generation is advancing with the French, and being studied by scientists in Scotland and America. Salt water has been an issue previously with metal deterioration, but that has been made better by using better materials. Severe storms and marine growth have likewise been disruptions to the production of energy previously. As the timing of ocean waves and currents can be relied on, as well as understood, there is a great advantage to ocean-produced energy.
In the last two decades, investments have increased in hydro-electric technology. Hydro-electric energy generates extremely clean energy but it is limited by location. Bigger, older dams, while already important as energy generators, have had problems with marine life disruption. To protect the marine life, those dams have been improved and the improvements have been pricy. As a result, low-impact hydro-energy plants that doesn't cause ecological problems, have been given more attention. The reality of all of this information is that putting your money in the future of alternative energy is a smart thing to do.
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