Are you in search of places to invest your money that will profitable for you? A good investment to seriously consider is alternative energy. It is anticipated that alternative energy production will be in the billion dollar range by 2013. Wind energy has become very economical because of 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 with the new wind-powered technology.
Your investment dollars might be spent in a lot of worse places than in businesses that are engaged in wind energy production. One other area to think about investing is solar cell technology. You wil lbe able to find these in private property lights, hand calculators, buoys employed by the US Coast Guard, and a number of other places. Photovoltaic cells are also being used in larger projects like commercial buildings and housing developments. As costs go down, the efficiency of solar panels continues to increase. This is measured by the amount of work to make energy against the amount of energy made.
The silicon cells' conversion efficiency used to be 4% in 1982, but today it is more than twenty percent. Using solar cells can reduce the amount of pollution being created but it is not economical enough to be an alternative to conventional electricity. As a result of limited space, the solar cells cannot produce very large amounts of electricity. But as areas are converted to put these cells, the cost and efficiency will get better. With the constant search for new ways of creating alternative energy, advisors of investment portfolios are confident that energy is a smart investment.
There are new areas for new green energy that are appearing like utilizing currents, tidal movements and temperature. Using hydro-power is progressing well in France and being researched in Scotland and the US. Salt water has been a problem previously with metal deterioration, but that has been made better by making use of better materials. Marine growth and severe storms have resulted in problems as well. As the timing of ocean waves and currents can be relied on, as well as understood, there is a huge advantage to ocean-produced energy.
Investments in hydro-electric technology have gone up a lot over the past several decades. It is very clean power, but hydro-electric power is obviously confined by geography. Older dams, for example, have had issues with marine life disruption. There has been great effort to protect the marine life but it's been costly. As a result, there have been efforts to discover ecologically sound, low-impact ways to create hydro-power. When it is all said and done, investing your dollars in green, alternative energy is the way to go.