Hydropower has been a slumbering giant in the energy game. Since the 1960s, its use has actually gone down compared to other energy sources. This is beginning to change.
The same principles that apply to living off grid can also be used for any house, even if it’s still connected to the grid. You can use windmills, hydropower or solar panels if you want to get your energy at least partially from renewable energy, while getting rid of energy provided by power plants.
As an investor, how can I help sustain the earth? I call it sustainable investing. It is simply investing in companies whose products or services promote the sustainability of the planet. Companies providing technology for renewable energy is a perfect example. In particular, I will talk about solar companies in this post.
There are more ways to make use of alternative energy than mentioned here. The forms mentioned here are very common today and are evolving. In the early days of solar power supplier the efficiency was poor but today it has improved dramatically. If you live inside the city area your options are limited to solar energy. The advantage with this energy source is that is very versatile. You can produce electricity and hot water.
Although people think alternative energy is ‘new’ it really is not. We have used this energy source long before we even knew electricity. Just think about drying your washed clothes outside in the sun. In fact, many of us still use this method to dry clothes and there is nothing wrong with this. Drying your clothes this way will save a lot of electricity!
Now, Tom set his sights on working out a plan to take his home “off the grid”, out of the hands of the public electric works. He needed a way to provide his own electricity, so that he and Barbara could stop using electricity from the city. He did his research and found that he had three options for an alternative power source to bring electricity into their home: solar energy, wind power, and hydropower.
Today people on the planet are very uncertain about what types of energy will satisfy the necessities of people the future and that’s why investing in sources of energy must be very smart and long-term. The present sources of energy are to run out undoubtedly. With the present day consumption, according to the official statistics it is going to happen in a couple of decades.
I don’t plan on waiting till it is to late to start making changes. Learning to live with lifestyle changes also takes time. Now is the time to take action.