Are you in search of a place to invest your money? A prospective area to think about investing in is alternative energy. Many think that alternative energy production will be in the multi-billion dollar range by the year 2013. For instance, wind turbine technology has become more widespread because of advancement in technology and decrease in cost. The result is wind energy products have become competitive with other traditional types of sources of energy. Wind technology has become better that birds are no longer being incidentally killed. You can put your money in businesses that do a lot worse than wind energy production. Another area to look into are photovoltaic cell investments, or photovoltaic cell technology. You wil lbe able to find these in private property lights, pocket calculators, buoys used by the US Coast Guard, and many other places. They are being utilized on a growing number of roofs of commercial buildings, and also housing developments and building complexes. As the price to use these solar panels continue to go down, the energy efficiency continues to get better. The Elevation Group This is figured out by the amount of work required for generating energy, compared to the energy produced. Way back in 1982, the silicon cells' conversion efficiency was more or less 4 percent but these days, it is above twenty percent. When creating electrical power, solar cells do not emit any pollution, but presently they are not cost-effective with regular electricity. Because large amounts of photovoltaic cells are called for to create large amounts of electricity, they are not ready for producing electricity on a large scale. But as areas are converted to implement these photovoltaic cells, the price and efficiency will continue improving. With the continual search for new means of creating alternative energy, advisors of investment portfolios are certain that energy is a wise investment. New types of green energy are emerging from tidal movement, currents, and differences in temperature. The concept of hydro-power generation is progressing in France and being widely researched in Scotland and the US. There has been a problem with saltwater causing metal to deteriorate but the materials utilized nowadays are making hydro-power possible. Also before, very terrible storms and strange marine growth also caused problems in using hydro-power effectively. As the timing of ocean waves and currents is very reliable, as well as understood, there is a huge advantage to ocean-produced energy. In the last few decades, money put into hydro-electric technology has increased. It is very clean power, but hydro-electric power is evidently restricted by geography. Older dams, for example, have had issues with marine life disruption. In order to protect the marine life, those dams were improved and the improvements have been expensive. As a result, low-impact hydro-energy plants that doesn't cause ecological problems, have been given more attention. The bottom line is that putting your money in alternative sources of energy is investing in our future.
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