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is putting your money in
Are you looking for a place to invest your money? Why not take some of your money and put it
into alternative energy sources? A lot of people anticipate that alternative energy production will
be in the multi-billion dollar range by 2013. For instance, wind turbine technology has become
more widespread because of advancement in technology and reduction in cost. The result is wind
power products have become competitive with other established types of sources of energy. In
fact, the technology is advanced where birds no longer being killed by the propellers.
Your investment dollars could be spent in many other worse places than in companies that are
engaged in wind energy production. Another area to think about are solar power investments, or
solar cell technology. These little solar-powered cells power things like pocket calculators,
flashlights, and other gadgets. They are also being used in bigger projects such as commercial
buildings and housing developments. As prices keep decreasing, the efficiency of solar panels
continues to improve. This efficiency is calculated by the amount of energy necessary to produce
versus the amount of energy created.
Back in 1982, the conversion efficiency of silicon cells was about 4 percent but these days, it is
move than 20%. When creating electric energy, solar cells do not emit any pollution, but right now
they are not cost-effective with regular electricity. The Elevation Group As a result of limited
space, the photovoltaic cells are not able to generate extremely large amounts of electricity. But
as areas are converted to install these photovoltaic cells, the cost and efficiency will continue to
improve. As companies and individuals continue to find ways to generate alternative energy,
investment advisors still think that energy is a smart investment.
New kinds of green energy are emerging such as tidal movements, currents and temperature
changes. Using hydro-power is advancing well in France and being researched in Scotland and
America. Salt water has been a problem previously with metal deterioration, but that has been
improved by making use of better materials. Marine growth and violent storms have caused
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 grown a lot over the past several decades. Hydroelectric power generates very clean energy but it is limited by location. Big, older dams, although
already important as energy generators, have had problems with marine life disruption. To protect
the marine life, those dams were improved and the improvements have been expensive. Because
of this, there have been efforts to come up with ecologically sound, low-impact ways to generate
hydro-power. The reality of all of this information is that putting your money in the future of ecofriendly energy is sound advice.