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Types Of Alternative Energy We Can Use

We are currently experiencing an energy crisis and we need to look for alternative energy sources. We need to do more research and development in this area. We need to expand our horizons beyond the fossil fuels and are old ways of being dependent on foreign countries for oil. There are certainly a wide variety of alternatives to these energy sources. Experts believe that the situation is going to get much worse, rather than better so alternative resources for energy need to be explored and put into action as soon as possible.

 

Wind power can be considered a viable alternative. The use of wind turbines can be developed to progressively use energy efficiently and it is less costly. There are wind farms that are being developed across the world and they are designed to be strategically placed so that they are not damaging the environment particularly birds.

Another viable energy resource is the one that you may not have heard of or considered: solar energy. Solar cells are manufactured which gather and harness the energy given off by the sun and then transmits it into electricity or, into hot water. It is an environmentally friendly resource and does not pollute the atmosphere.

You have probably never heard of ocean wave energy, have you? Experts believe this source of power may have tremendous benefit for the future. Experts believe it has enormous generating potential. France, Ireland and Scotland have successfully been using generators as a source of power for years.

Hydroelectric power can be set up as a powerful generator of electricity and it runs cleanly so there is no potential damage to the environment. However, there are limitations because a large dam cannot be set up anywhere. Small electric generators that are localized have been set up in recently for this reason.

Geothermal energy is another abundant resource. It actually is just below the surface. This type of energy is produced by heating water through the earth's hot molten core. The water then turns to steam, which can be used to keep turbine engines running which converts to electricity. Experts believe there should be extensive research done on geothermal energy tapping.

A substitute for gas can be Ethanol. It can be derived from wheat, sugar cane, strawberries, and even wood and wood cellulose. Experts believe this source of fuel may not be economically feasible as a viable energy source.

Another potential energy source is biodiesel energy. It can be created out of plant oils. There is potential for making biodiesel from soybeans, seeds and other oils. This is a slow and developing energy resource. It may not be economically feasible to use this source of energy on a large scale basis. It is much cleaner than diesel which is oil based.


 

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Alternative Energy News and Information


Progress Energy Stocks Headlines

Progress Energy to sell shares - Bizjournals.com


Progress Energy to sell shares
Bizjournals.com, NC - 3 hours ago
Progress Energy Inc. plans to sell about 11.5 million shares of its common stock in a registered public offering. The offer also gives underwriters an ...
Progress Energy Raising Cash (PGN) 24/7 Wall St.
Progress Energy Announces Proposed Offering of Common Stock PR Newswire (press release)
Progress Energy Announces Proposed Offering of Common Stock GuruFocus.com
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Progress Energy to sell shares - Bizjournals.com


Progress Energy to sell shares
Bizjournals.com, NC - 15 minutes ago
The stock to be sold has not yet been priced. Stock in Progress Energy closed at $40.22 a share Jan. 5, the day before the prospectus for the stock sale was ...

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Paying in advance for a nuclear plant is unthinkable - Tampabay.com


World Nuclear News

Paying in advance for a nuclear plant is unthinkable
Tampabay.com, FL - 17 hours ago
Or would I have to find investors and sell them stock to build the factory, and then pay them dividends on the profits? Is Progress Energy going to pay back ...
How to Invest in Nuclear Energy Smartmoney.com
Market Report -- In Play (SGR) MSN Money
Progress Energy to build 2 reactors in Fla. Trading Markets (press release)
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Japan Hot Stocks-Honeys, Techs, Isetan Mitsukoshi, Nomura - Forbes


Japan Hot Stocks-Honeys, Techs, Isetan Mitsukoshi, Nomura
Forbes, NY - Jan 5, 2009
Progress Energy Florida, a subsidiary of Progress Energy, said it estimates the cost for the two generating units to be about $14 billion. ...

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Energy Stocks Get Energetic - Barron's


Energy Stocks Get Energetic
Barron's - Jan 5, 2009
The same is true for stocks of energy companies and one look at the Sector Select SPDR energy ETF (XLE) bears this out (see Chart 1). ...

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