Are you looking for places to invest your money that will profitable for you? Why not take some of your money and put it into alternative energy sources? It is anticipated that the production of green energy will be in the billion dollar range by 2013. wind power has become more economical with the advancement in wind-turbine technologies and more widespread in usage also. The result is wind power products have become competitive with other conventional types of energy sources. Wind energy technology has become improved that birds are no longer getting unintentionally killed.
Your money may be spent in a lot of worse places than in companies that are engaged in wind energy production. One other alternative energy resource you could invest in is solar cell technology. You can find these in private property lights, calculators, buoys used by the US Coast Guard, and a lot of other places. Solar cells are also being used in more extensive projects like commercial buildings and housing developments. As costs keep decreasing, the efficiency of solar panels continues to increase. This efficiency is calculated by the amount of energy required to produce versus the amount of energy generated.
Back in 1982, the silicon cells' conversion efficiency was roughly 4 percent but these days, it is move than twenty percent. When creating electric power, solar cells do not produce any pollution, but currently they are not cost-effective with regular electricity. These cells, due to space constraints, can't produce industrial-production amounts of electricity. However, the cost and efficiency will continue improving as the use of these solar cells continue to widen. As companies and individuals keep on finding ways to generate alternative energy, investment advisors still think that energy is a smart investment.
There are new areas for new 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 America. There has been a problem with saltwater causing the deterioration of metal but the materials employed today are making hydro-power a reality. Marine growth and violent storms have resulted in problems as well. However, we do know that the timing of ocean waves and currents is really consistent thus making it a reliable source for energy.
In the last couple of decades, money invested in hydro-electric technology has gone up. Hydro-electric power makes very clean energy but it is confined by location. Older dams have had issues with marine life causing disruption to energy production. In order to protect the marine life, those dams were improved and the improvements have been costly. As a result, low-impact hydro-energy generators with no ecological problems, have been given more attention. The bottom line is that investing in eco-friendly energy equals investing in our future.