Are you looking for places to invest your money that will turn out to be profitable? Have you thought about taking some of your money and invest it in alternative energy sources? It is expected that green energy production will be in the billion dollar range by 2013. For instance, wind turbine technology has become more widespread because of advancement in technology and decrease in price. This has resulted in wind technology being really competitive against more conventional kinds of energy producing products. In fact, the technology is advanced where birds no longer being killed by the propellers.
You can invest your hard-earned money in businesses that do a lot worse than wind energy production. Another area to consider are solar power investments, or solar cell technology. These solar panels can be found in small lights, hand calculators, buoys utilized by the US Coast Guard and other gizmos. However, solar cells are also being employed to supply power to commercial buildings and housing developments. Along with the falling costs, their energy efficiency is constantly increasing. This is computed by the amount of work to make energy against the amount of energy produced.
In 1982, the energy conversion efficiency of silicon cells was four percent, and with the latest technology, it is above 20 percent. Solar sells does not result in any pollution when generating electricity but it is not cost-effective enough to replace standard electricity. These solar cells, as a result of space constraints, can't create industrial-production amounts of electricity. However, the cost and efficiency will keep on improving as the use of these photovoltaic cells continue to grow. As companies and individuals continue to search for ways to create alternative energy, investment advisors still believe that energy is a smart investment.
New forms of eco-friendly energy are emerging like tidal movements, currents and temperature changes. Hydro power generation is progressing with the French, and being studied by those in Scotland and the United States. Hydro-power has had issues before with salt water causing metal to deteriorate but the materials employed these days are more efficient. Terrible 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 very reliable, as well as understood, there is a huge advantage to ocean-produced energy.
In the last several decades, money poured into hydro-electric technology has grown. Hydro-electric energy makes really clean energy but it is confined by location. Older dams have had problems with marine life interrupting production of energy. There has been great effort to protect the marine life but the cost has been high. As a result, there have been efforts to find ecologically sound, low-impact ways to generate hydro-power. When it is all said and done, investing your dollars in eco-friendly energy is the way to go.