May
15
Alternative energy sources
Filed Under Industries, Energy
Given the rising costs of oil, and the increasing energy demands around the world, there is no doubt that the attention on alternative energy sources is going to rise.
Even then, if you had to back a winner, what would you pick ?
There’s solar power, which is popular in the tropics, which can be harnessed by solar panels or photovoltaics, or large solar plants that convert the solar energy into heat and thence into electricity.
Wave power, which is viable in countries facing oceans - places like Australia and Hawaii. unfortunately, apart from these countries, few others possess the potential to use wave power in a major way. Likewise, hydro power is limited to those countries with significant water flow.
Wind power is probably more readily usable. Given sufficient height, wind power should be able to generate a significant amount of power.
Then again, given that the future household may be able to generate their own electricity, there might come a day when being hooked up to the power grid means that you’d be able to sell excess energy to the power supplier, and the power supplier might have to take on a new hat - that of being a power trader and broker.
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