Are you looking for places to invest your money that will be profitable for you? Why not take some of your money and put it into alternative energy? A lot of people predict that production of green energy will be in the multi-billion dollar range by 2013. For example, wind turbine technology has become more widespread as a result of advancement in technology and decrease in cost. This has resulted in wind technology being very competitive against more conventional forms of energy producing products. Not even birds get killed anymore using the new wind-powered technology.
Your investment might be spent in a lot of worse places than in companies that are engaged in wind energy production. Another area to look into are solar cell investments, or solar cell technology. These little solar-powered cells are powering things like hand calculators, flashlights, and other devices. They are being used on a growing number of roofs of commercial buildings, as well as housing developments and building complexes. With the decreasing prices, their energy efficiency is constantly increasing. This is figured out by the amount of work required for energy production, compared to the energy made.
Back in 1982, the energy conversion efficiency of silicon cells was about 4 percent but nowadays, it is above 20 percent. When generating electrical power, photovoltaic cells do not create any pollution, but presently they are not cost-effective with regular electricity. Because large amounts of cells are needed to generate large amounts of electricity, they are not ready for producing electricity on a larger scale. But as areas are converted to implement these solar cells, the price and efficiency will get better. As the research and development of alternative energy continue to grow, advisers who manage investments are recommending their clients to invest in it.
There are new areas for new energy that are appearing like utilizing currents, tidal movements and temperature. The use of hydro-power is going well in France and being researched in Scotland and America. Hydro-power has had issues in the past with salt water causing metal deterioration but the materials used these days are more efficient. Violent storms and marine growth have also been disruptions to the production of energy in the past. Since the timing of ocean waves and currents is so reliable, as well as understood, there is a huge advantage to ocean-produced energy.
In the last couple of decades, investments have increased in hydro-electric technology. It is very clean power, but hydro-electric power is evidently limited by geography. Older dams, for example, have had problems with marine life disruption. In order to protect the marine life, those dams were improved and the improvements have been expensive. As a result of this, low-impact hydro-energy generators with no ecological problems, have been given more attention. The reality of all of this information is that investing in the future of Eco-friendly energy is sound advice.
Learn more about alternative energy specially solar technology and how you can build your own solar panels at home as a D.I.Y. project. You'll learn how to harness that unlimited power from the sun and convert it usable electricity at home. Possibility to convert your home into green home and experience green living while saving money up to 80% of your electricity bills and at the same time helping the environment recover to its natural condition. If you build your own solar panels for homes, you will save a significant amount of money compare to buying a ready-made commercial panels. Of course, if you're doing it yourself, start small and when you're accustomed to it, you can scale it to larger production.
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