Alternative Energy: A Good Investment?Energis Melbourne
Are you searching for ways to turn your extra money into profit? A good area to consider investing in is the area of alternative energy. A lot of people think that production of green energy will be in the multi-billion dollar range by the time 2013 rolls around. wind power has become more economical with the advancement in wind-turbine technologies and more widespread in usage as well. This wind power technology, which is more advanced, have become more competitive, market-wise, with established types of energy. Not even birds get killed anymore using the innovative wind-powered technology.
You can invest your hard-earned money in businesses that do a lot worse than wind energy production. One other area to consider are photovoltaic cell investments, or photovoltaic cell technology. These little solar-powered cells supply power to things like pocket calculators, flashlights, and other devices. Solar cells are also being utilized in more extensive projects such as commercial buildings and housing developments. As prices go down, the efficiency of solar arrays continues to get better. This is figured out by the amount of work required for generating energy, compared to the energy made.
The silicon cells' conversion efficiency used to be 4 percent in 1982, but these days it is above 20 percent. When generating electrical power, solar cells do not produce any pollution, but right now they are not cost-effective with regular electricity. Due to limited space, the photovoltaic cells are unable to produce extremely large amounts of electricity. There are more available areas where these solar cells can be put, and the efficiency is rising while the costs keep declining. With the constant search for new methods of creating alternative energy, advisors of investment portfolios are confident that energy is a good investment.
There are new areas for new eco-friendly energy that are emerging like utilizing currents, tidal movements and temperature. Using hydro-power is advancing well in France and being researched in Scotland and the US. Hydro-power has had problems in the past with salt water causing the deterioration of metal but the materials used these days are better. Marine growth and severe storms have led to problems also. Still, we know that the timing of ocean waves and currents is pretty consistent thus making it a reliable source for energy.
In the last couple of decades, money poured into hydro-electric technology has increased. The power it generates is clean but hydro-electric power is limited by geography. Older dams, for instance, have had issues with marine life disruption. To protect the marine life, those dams have been improved and the improvements have been pricy. As a result of this, low-impact hydro-power plants with no ecological problems, have been given more attention. The bottom line is that putting your money in alternative sources of energy is investing in our future.