Are you looking for ways to generate profits? Why don't you take some of your money and put it into alternative energy? Experts 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 as a result of advancement in technology and decrease in price. This has resulted in wind technology being extremely competitive against more conventional types of energy producing products. Not even birds are getting killed anymore with the innovative wind-powered technology.
You wouldn't want invest your dollars into something that doesn't provide assistance to the environment. Still another alternative energy resource you could invest in is photovoltaic cell technology. You wil lbe able to find these in private property lights, pocket calculators, buoys employed by the US Coast Guard, and many other places. Photovlotaic cells are being used on more and more roofs of commercial buildings, and also housing developments and building complexes. As prices keep decreasing, the efficiency of solar panels continues to increase. This is calculated by the amount of work needed for producing energy, compared to the energy generated.
In 1982, the energy conversion efficiency of silicon cells was about 4% but today, it is over twenty percent. When creating electrical power, solar cells do not emit any pollution, but currently they are not cost-effective with regular electricity. These cells, as a result of space constraints, can't produce industrial-production amounts of electricity. But as areas are converted to put these cells, the cost and efficiency will continue improving. As the research and development of alternative energy grow, advisors who manage investments are recommending people to invest in it.
New forms of clean energy are emerging like tidal movements, currents and temperature changes. The concept of hydro-power generation is advancing in France and being widely researched in Scotland and America. Salt water has been an issue in the past with metal deterioration, but that has been improved by employing better materials. Also previously, really severe storms and unusual marine growth also caused problems in using hydro-power effectively. However, leveraging the ocean for energy has an advantage because we know that waves and currents can be predicted and are consistent.
Investments in hydro-electric technology have gone up a great deal over the past several decades. The power it generates is clean but hydro-electric energy is limited by geography. Bigger, older dams, while already important as power generators, have had issues with marine life disturbance. A great deal has been done to protect the marine life near the dams but it's been costly. As a result, there have been efforts to come up with ecologically sound, low-impact methods to produce hydro-power. The reality of all of this information is that putting your money in the future of alternative energy is a smart thing to do.