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Are you in search of a place to invest your money? Why not take some of your money and invest it in alternative energy sources? By the year 2013, green energy production is expected to be in the multi-billion dollar range. For instance, wind turbine technology has become more widespread due to the advancement in technology and reduction in price. This has resulted in wind technology being really competitive against more established types of energy producing products. In fact, the technology is advanced where birds no longer get killed by the propellers. You don't want invest your hard-earned money into something that doesn't aid the environment. Another area to look into putting your money in is photovoltaic cell technology. These small sun powered panels power things like pocket calculators, flashlights, and other devices. Photovoltaic cells are also being used in bigger projects such as commercial buildings and housing developments. Together with the decreasing prices, their energy efficiency is constantly increasing. This is calculated by the amount of work to produce energy versus the amount of energy made. Back in 1982, the silicon cells' conversion efficiency was 4% 4 percent, and with the up-to-date technology, it is over 20%. The Elevation Group When generating electrical power, solar cells do not produce any pollution, but presently they are not cost-effective with regular electricity. Because large amounts of photovoltaic cells are needed to generate large amounts of electricity, they are not ready for producing electricity on a large scale. Nonetheless, the price and efficiency will keep on improving as the use of these solar cells continue to widen. As the research and development of alternative energy grow, advisors who manage investments are recommending people to invest in it. There are new areas for new eco-friendly energy that are appearing like utilizing currents, tidal movements and temperature. Utilizing hydro-power is advancing well in France and being researched in Scotland and the US. There has been a problem with saltwater causing metal to deteriorate but the materials utilized these days are making hydro-power a reality. Marine growth and major storms have caused problems too. Since the timing of ocean waves and currents can be relied on, as well as understood, there is a big advantage to ocean-produced energy. In the last two decades, investments have grown in hydro-electric technology. Hydro-electric energy produces very clean energy but it is confined by location. 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 expensive. As a consequence, there have been efforts to discover ecologically sound, low-impact ways to create hydro-power. After all's said and done, putting your money in alternative energy is the way to go.
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