Are you looking for places to invest your money that will turn out to be profitable? A smart investment to consider is alternative sources of energy. It is predicted that the production of green energy will be in the billion dollar range by 2013. Wind energy has become very affordable due to better technology and increasing widespread use. This has resulted in wind technology being extremely competitive against more conventional types of energy producing products. Not even birds are being killed anymore with the new wind-powered technology.
You shouldn't put your money into something that doesn't provide assistance to the environment. Still another alternative energy resource you could invest in is solar cell technology. These solar panels can be found in small lights, hand calculators, buoys employed by the US Coast Guard and other gizmos. Photovlotaic cells are being utilized on an increasing number of roofs of commercial buildings, and also housing developments and building complexes. As the price to use these solar batteries continue to fall, the energy efficiency continues to improve. This is calculated by the amount of work to produce energy against the amount of energy produced.
Back in 1982, the silicon cells' conversion efficiency was 4% 4 percent, and with the up-to-date technology, it is above 20 percent. Photovoltaic cells does not create any pollution when producing electricity but it is not inexpensive enough to replace regular electricity. Because large amounts of photovoltaic cells are needed to make large amounts of electricity, they are not ready for producing electricity on a large scale. There are more available areas where these solar cells can be put, and the efficiency is rising while the costs keep coming down. As companies and individuals keep on finding ways to produce alternative energy, investment advisors still think that energy is a smart investment.
New types of green energy are emerging like tidal movements, currents and temperature changes. Hydro power generation is progressing with the French, and being studied by scientists in Scotland and the United States. There has been a problem with saltwater causing the deterioration of metal but the materials utilized nowadays are making hydro-power a reality. Marine growth and violent storms have resulted in problems too. But leveraging the ocean for energy has an advantage as we know that waves and currents can be predicted and are consistent.
In the last couple of decades, investments have grown in hydro-electric technology. Hydro-electric energy generates extremely clean energy but it is limited by location. Older dams have had problems with marine life causing disruption to production of energy. Much has been done to protect the marine life close to the dams but it has been expensive. Because of this, low-impact hydro-energy generators without ecological problems, have been given more attention. The bottom line is that putting your money in green sources of energy is investing in our future.