Are you searching for means to generate profits? A smart investment to seriously consider is alternative energy sources. It is predicted that the production of green energy will be in the billion dollar range by 2013. For instance, wind turbine technology has become more widespread because of advancement in technology and reduction in price. This has resulted in wind technology being extremely competitive against more conventional kinds of energy producing products. Wind energy technology has become improved that birds are no longer being incidentally killed.
You can invest your hard-earned money in businesses that do a lot worse than wind energy production. One other area to think about investing is photovoltaic cell technology. These small sun powered panels power things like pocket calculators, flashlights, and other gadgets. Photovlotaic cells are being utilized on a growing number of roofs of commercial buildings, as well as housing developments and building complexes. As costs keep decreasing, the efficiency of solar cells continues to get better. This is calculated by the amount of work to produce energy against the amount of energy produced.
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Way back in 1982, the silicon cells' conversion efficiency was approximately 4 percent but nowadays, it is above 20%. Photovoltaic cells does not produce any pollution when creating electricity but it is not cost-effective enough to replace standard electricity. Because large amounts of cells are called for to create large amounts of electricity, they are not ready for producing electricity on a large scale. But as areas are converted to put these photovoltaic cells, the price and efficiency will continue to improve. With the continual search for new ways of producing alternative energy, advisors of investment portfolios are positive that energy is a wise investment.
New forms of clean energy are appearing like tidal movements, currents and temperature changes. The concept of hydro-power generation is advancing in France and being extensively researched in Scotland and America. Salt water has been an issue in the past with metal deterioration, but that has been improved by making use of better materials. Marine growth and violent storms have resulted in problems too. Still, we are aware that the timing of ocean waves and currents is very consistent thus making it a reliable source for energy.
In the last couple of decades, money invested in hydro-electric technology has increased. The power it produces is clean but hydro-electric energy is limited by geography. Older dams have had problems with marine life causing disruption to energy production. There has been a lot of effort to protect the marine life but it's been costly. As a result, there have been efforts to discover ecologically sound, low-impact means to make hydro-power. The bottom line is that investing in alternative energy is investing in our future.