Record high prices at American gas pumps and continued trouble-brewing in the Middle East, Nigeria, and other areas of importance to the oil-driven economy have made it clear to Americans that we are in need of developing many new avenues of energy supply and production. In short, we need to reduce our dependency on oil, for it is ultimately finite and, frankly, the cheap sources of oil (not all oil—just the stuff that is cheap to remove from the earth) are running out. Energy consultants and analysts are insistent that cheap oil has “peaked” or is very soon going to peak. What this means for us is an expensive future—unless we can find new sources of powering our mechanized and electronic civilization, new sources which are alternatives to oil.

We must also switch to alternative forms of energy because our present forms are too damaging to the atmosphere. While this write does not believe that the global warming trend is much, if at all, sustained by the activities of mankind (in short, it’s a natural cycle and there’s nothing we can do about it except prepare for the effects of it), we certainly do contribute at present to the destruction of the environment and to things like air pollution with our energy sources as they are. Coal is another source of energy that we need to wean ourselves off of—again, it is finite, and it is filthy, and the mining of it is dangerous and environmentally disruptive. We can also explore new, streamlined methods for producing electricity that we presently generate so much of via hydro-power so that we are less disruptive of the environment when we have need of constructing things such as large dams.

Developing nations which have turned industrialized in recent decades especially will need the benefits of alternative energy research and development, for they are presently doing much more environmental damage than the United States. The United States, Japan, and some European nations have been implementing studies into and programs for the development of alternative energy sources, and are therefore already leading the way in doing less environmental damage. The developing nations such as China and India need to look to Japan and the West as examples of what research and development to give government backing and private investment currency to. We could also add great robustness to our own economy by being at the forefront of such alternative energy sources development and then marketing the technologies and services to nations like India, China, Brazil, and so on and so forth.

Biofuels from things like “supertrees” and soybeans, refined hydroelectric technology, natural gas, hydrogen fuel cells, the further building of atomic energy plants, the continued development of solar energy photovoltaic cells, more research into wind-harnessed power—all of these are viable energy sources that can act as alternatives to the mammoth amounts of oil and coal that we presently are so dependent on for our very lifestyles. The energy of the future is green.

Record high prices at American gas pumps and continued trouble-brewing in the Middle East, Nigeria, and other areas of importance to the oil-driven economy have made it clear to Americans that we are in need of developing many new avenues of energy supply and production. In short, we need to reduce our dependency on oil, for it is ultimately finite and, frankly, the cheap sources of oil (not all oil—just the stuff that is cheap to remove from the earth) are running out. Energy consultants and analysts are insistent that cheap oil has “peaked” or is very soon going to peak. What this means for us is an expensive future—unless we can find new sources of powering our mechanized and electronic civilization, new sources which are alternatives to oil.

We must also switch to alternative forms of energy because our present forms are too damaging to the atmosphere. While this write does not believe that the global warming trend is much, if at all, sustained by the activities of mankind (in short, it’s a natural cycle and there’s nothing we can do about it except prepare for the effects of it), we certainly do contribute at present to the destruction of the environment and to things like air pollution with our energy sources as they are. Coal is another source of energy that we need to wean ourselves off of—again, it is finite, and it is filthy, and the mining of it is dangerous and environmentally disruptive. We can also explore new, streamlined methods for producing electricity that we presently generate so much of via hydro-power so that we are less disruptive of the environment when we have need of constructing things such as large dams.

Developing nations which have turned industrialized in recent decades especially will need the benefits of alternative energy research and development, for they are presently doing much more environmental damage than the United States. The United States, Japan, and some European nations have been implementing studies into and programs for the development of alternative energy sources, and are therefore already leading the way in doing less environmental damage. The developing nations such as China and India need to look to Japan and the West as examples of what research and development to give government backing and private investment currency to. We could also add great robustness to our own economy by being at the forefront of such alternative energy sources development and then marketing the technologies and services to nations like India, China, Brazil, and so on and so forth.

Biofuels from things like “supertrees” and soybeans, refined hydroelectric technology, natural gas, hydrogen fuel cells, the further building of atomic energy plants, the continued development of solar energy photovoltaic cells, more research into wind-harnessed power—all of these are viable energy sources that can act as alternatives to the mammoth amounts of oil and coal that we presently are so dependent on for our very lifestyles. The energy of the future is green.

Many people who take jobs in the alternative energies research and development sector have to, at least in the beginning, take relatively low pay. Taking a job in this industry is thus not about—or, not predominantly about—making money, although that is needless to say important, as one who is not well-fed soon becomes one who is not productive at work, especially when we are considering the brain-work involved in the work of researching and developing technologies in the alternative energies sector. There are those who take a job just because they find it is a fulfilling task that they have undertaken—something that is going to help mankind, or their society, or the Earth herself. But in truth, what most people dream of in terms of work is a position that they at once enjoy immensely while they also are receiving good money for their time and energy. Positions in the alternative energy research and development industry often offer just such an opportunity. The alternative energy field is in need of a vast array of different positions. Many people who get into this are the kind who would keep the power plants up and running (these include plant operators or mechanics), others are the developers of new alternative energies (engineers, scientists), and others make it all happen to start with by investing in alternative energy. So–not only do these people have the blessing of an exciting and fulfilling career, but these same people are making the world a better place. The business of alternative energy is rapidly growing due to the fact that many governments are now supporting it. Investors have become excited about putting their financial backing into the alternative energy industry because they can see that it’s the wave of the future, out of both need and the fact of government support. Rising oil prices make alternative energies’ tantalization rise in the minds of investors. As investors become more interested, there is more money available for companies to start up or expand, and that leads (of course) to more job opportunities. The US government is unquestionably involved in promoting the idea of new jobs as being readily available in the alternative energy sector. According to the President, in order to achieve greater use of “homegrown”, renewable fuels in the United States, advanced technologies need to be researched and developed so as to be able to make ethanol from plant fibers’ biomass, which at the present time is merely discarded as waste material. The President’s 2007 Federal Budget includes $150 million (a $59 million increase over the Federal Budget for 2006) to help with the development of biofuels derived from agricultural waste products such as wood chips, corn stalks, and switch grass. Researchers tell us that furthering the cause of research into cellulose-based ethanol could make the technology cost-competitive by 2012, while potentially displacing up to 30% of the nation’s current fuel consumption. The President’s plan would additionally drive on next-generation research and development of battery technology for hybrid vehicles in addition to “plug-in hybrid” vehicles. A “plug-in” hybrid runs on either gasoline or electricity, depending upon an on-board computer calculation. Driving in a city setting consumes almost no gasoline over as much as a week’s time with these vehicles.

It is possible to have a portfolio which profitably (that’s the key word, is it not?) invests in alternative energy funds. “Green” energy production is expected to be a multi-billion (in today’s dollars) industry by 2013.

The most recently developed wind-turbine technologies have brought us wind-produced energy which is more cost efficient as well as more widespread. More state-of-the-art wind energy technologies are typically more market competitive with conventional energy technologies. The newer wind-power technologies don’t even kill birds like in days of old! Wind energy production is a growing technology, and companies engaged in it would make up an excellent part of a growth or aggressive growth portfolio.

Next to consider are solar cell, or photovoltaic cell, technologies. These are to be found implemented in pocket calculators, private property lights, US Coast Guard buoys, and other areas. More and more they find their way onto the roofs of housing and commercial buildings and building complexes. Cost is falling. Their energy efficiency (the ratio of the amount of work needed to cause their energy production versus the actual energy production) is steadily on the rise. As an example, the conversion efficiency of silicon cells has increased from a mere four percent in 1982 to over 20% for the latest technologies. Photovoltaic cells create absolute zero pollution as they are generating electrical power. However, photovoltaic cellls are not presently as cost effective as “utility produced” electricity. “PV” cells are not [capable at present for producing industrial-production amounts of electricity due to their present constraints on space. However, areas where photovoltaic cell arrays could be implemented are increasingly available. In sum, costs are going down while efficiency is rising for this alternative fuel technology.

Many alternative energy investment portfolio advisors are confident that alternative energies derived from currents, tidal movement, and temperature differentials are poised to become a new and predominant form of clean energy. The French are actually fairly advanced at hydro power generation, and numerous studies are being made in Scotland and the US along these sames lines. Some concerns center around the problems with the deterioration of metals in salt water, marine growth such as barnacles, and violent storms which have all been disruptions to energy production in the past. However, these problems for the most part seem to be cured through the use of different, better materials. Ocean-produced energy has a huge advantage because the timing of ocean currents and waves are well understood and reliable.

Investments in hydro-electric technology have grown in the last two decades. Hydro-electric power is clean; however, it’s also limited by geography. While already prominent as power generation, the large, older dams have had problems with disturbing marine life. Improvements have been made on those dams in order to protect marine life, but these improvements have been expensive. Consequently, more attention is now being paid to low-impact “run-of-the-river” hydro-power plants, which do not have these ecological problems.

The reality is, the energy future is green, and investors would do well to put their money out wisely, with that advice in their minds.

The US government must continue to back the expansion of the role of alternative energy research and development and its implementation by companies and homeowners. Although this writer believes in the reign of the free market and that “that government is best which governs least”, our current system has companies and people expecting federal backing of major initiative with direct investment, in the form of tax breaks, rebate incentives, and even direct central bank investment into the alternative energy industry.

The US and its citizenry need to invest all of the time and energy that they can spare to the conversion from a fossil fuel burning society to one that is green for several different reasons. The green economy will not harm the environment or the quality of our air like fossil fuel burning does. We can become the energy independent nation that we need to be by cutting away our need to import oil, especially oil that is produced by anti-American nations such as Iran. Ultimately, renewable energies and extremely efficient energies like atomic energy are far less expensive than the continuous mining and drilling for fossil fuels. If we do not invest in our future now, catastrophe awaits us. We are going to need to consume more energy than ever in our history as we sail into the 21st century and beyond—our dependency on foreigners for meeting these energy needs only leaves us open to sabotage while draining our coffers in order to fill other nations’.

It can be argued that federal, state, and local governments should work in conjunction on the issue of alternative energy research and development and implement mandatory programs for new home construction and all home remodeling that stipulate the installation of alternative energy power sources—eventually over a certain period of years transforming into 100% installation of alternative energy sources for any new home or corporate building—as well as backing a similar program to have all new vehicles produced in the nation be hybrid vehicles or hydrogen fuel cell powered vehicles by the year 2020. All levels of government could also impose mandatory compliance laws on construction and utilities companies. The utility companies in all 50 states should be required to invest in alternative energy research and development while also being required to buy back, at fair rates, excess energy produced by homeowners through their use of alternative energy power sources. Strong financial incentives need to be in place for new companies to invest in developing renewable energies. This would not only make the US energy independent at the fastest possible rate, but it would stimulate the growth of the economy and provide tens of thousands of new, good-paying jobs for people.

Alternative energy generation in the forms of solar, wind, hydroelectric, biofuel, geothermal, and atomic; alternative energy storage systems such as more efficient batteris and hydrogen fuel cells; and alternative energy-furthering infrastructures with superior energy efficiency all need to be brought into the affordable price range through development. Government investment into these matters would surely help us along.

Alternative energy stock portfolios are a great part of a modern investor’s financial plan, due to the fac that there is so much upward potential. These make excellent long term growth investment vehicles, and the money put into them by you, the investor, serves to further the cause of implementing the alternative energy power sources that we need as we sail into the 21st century and beyond.

Analysts predict that by 2013, the alternative energy industry will be a $13 billion dollar industry in today’s dollars. This figure bespeaks an enormous return on investment. Indeed, if you were to invest in a start-up alternative energy company, you might find yourself having invested in the next Microsoft in terms of return on investment. People are fed up with the rising costs of gasoline—while this alone is not sufficient understanding of the need for developing alternative energy sources, it is a factor which can act as a market maker—meaning for you that investments in alternative energy companies makes a lot of financial sense.

However, this does not mean that you don’t first want to do some careful research into alternative energy stocks, perhaps with the help of a financial planner. “A few alternative-energy companies are going after the right markets but that doesn’t mean you should go buy every name in the sector. Investors need to be cautious about chasing the stocks,” says Sanjay Shrestha, who is an analyst at First Albany Capital. And if you are an investor, then you know that the problem in this sector is that nearly every single one of the major players in the alternative energy for profit game are start-ups or in the very early stages of growth. This means for you that they have relatively minuscule (even if rapidly growing) sales, and no expected profitability in the near term or history of earnings for you to be able to research. This can lead to some bubbling, as with what happened to the dot-com industry at the turn of the 21st century. Bubbling in the stock market is not a good thing for investors.

Ananlysts and financial planners can play a crucial role in helping you get it right with alternative energy investing. “We don’t play around in the tiny cap stocks that have technology and not much revenue—the ‘hope’ stocks. We invest in companies with clear cash-generation plans in place,” are the words of Ben walker, who is a senior portfolio manager at the Gartmore Global Utilities fund out of London.

Still, the outlook is very positive overall—and healthy. “It is good to see that the number of renewable energy funds and the amount of money flowing into these funds is increasing,” according to chief executive of UK alternative elecricity supplier Good Energy Juliet Davenport. “The renewable generation market is at an important stage in its development; it needs the continued support of the consumer, investor and government to ensure that it reaches its potential and really starts to make a difference to climate change.”

If you are someone who wishes to begin researching and developing alternative energy technologies and you would want to be set up as a not-for-profit organization or entity, you will want to look into getting government grants, on both the state and the federal levels. Government grants for alternative energy research and development have been highly touted by politicians on local, state, and federal levels in recent years, all the way up to the President himself. This is due to the fact that we now recognize as a society that we need to seek out and develop alternative energy sources to those of the fossil fuels that we presently depend upon, as these fuels are not only slowly but surely running out (at least cheap access to digging them up is running out), but also damaging to the environment and air quality.

There is a fairly vast array of government grant programs available for you to check into. The great and most important thing to keep in mind about a government grant is that it’s essentially free money. It is not a loan, you don’t pay any interest, and you don’t ever have to give the money back. However, qualifying for these grants, as you might imagine with something involving the government and free money, has quite a lot of restrictions attached to it. Not only is qualification based on purpose and need in the eyes and opinions of government bureaucrats, but just because you qualify does not mean that you necessarily get the grant. As Marshall McLuen put it, “the medium is the message”. The fact of the matter is that it is typically easier to apply for and qualify to receive a business loan—but then, that would not be free money, that would be something you owed to someone, and with interest on top.

There are professional grant writers who know how to write proposals in such a way that they get around the heavy load of restrictions set up by the government, and you might need to resort to one of these. Even governments employ professional grant writers to seek money from other branches of the government, such as a country government needing funding from the state or the federal government. These people also keep abreast of what government grants are still or newly available and what ones have been removed from the table. It’s an intricate web, so one must not get tangled up in when seeking needed financial backing for alternative energy research and development. In fact, it is so complex that in the last decade or so the ranks of profession writers, as both individuals and as entire companies, have swelled. It is a profitable business—and this can make it fraught with illegal actions and controversial claims.

Nevertheless, each year there are many thousands of grants awarded throughout the United States for the purpose of helping the public. And again, with the government endorsement of grant money to be given to alternative energy researchers, you could very well get what you seek.

In his State of the Union Address for 2007, President George W. Bush called for a 22% increase in federal grants for research and development of alternative energy. However, in a speech he gave soon after, he said to those assembled, I recognize that there has been some interesting mixed signals when it comes to funding.

Where the mixed signals were coming from concerned the fact that at the same time the President was calling on more government backing for alternative energy research and development, the NREL—the National Renewable Energy Laboratory of Golden, Colardo—was laying off workers and contractors left and right. Apparently, the Laboratory got the hint, because soon after the State of the Union Address, everyone was re-hired. The second speech of the President’s was actually given at the NREL. There is almost unanimous public support for the federal backing through research grants, tax breaks, and other financial incentives of research and development of alternative energy sources.

The NREL is the nation’s leading component of the National Bioenergy Center, a “virtual” center that has no central bricks and mortar office. The NREL’s raison d’etre is the advancing of the US Department of Energy’s and the United States’ alternative energy objectives. The laboratory’s field researchers and staff scientists, in the words of Laboratory Director Dan Arvizu, “support critical market objectives to accelerate research from scientific innovations to market-viable alternative energy solutions. At the core of this strategic direction are NREL’s research and technology development areas. These areas span from understanding renewable resources for energy, to the conversion of these resources to renewable electricity and fuels, and ultimately to the use of renewable electricity and fuels in homes, commercial buildings, and vehicles.” The federally-backed Laboratory directly helps along the United States’ objectives for discovering renewable alternative fuels for powering our economy and our lifestyles.

The NREL is set up to have several areas of expertise in alternative energy research and development. It spearheads research and development efforts into renewable sources of electricity; these would include such things as solar power, wind power, biomass power, and geothermal power. It also spearheads research and development of renewable fuels for powering our vehicles such as biomass and biodiesel fuels and hydrogen fuel cells. Then, it seeks to develop plans for integrated system enginnering; this includes bringing alternative energy into play within buildings, electrical grids and delivery systems, and transportation infrastructures. The Laboratory is also set up for strategic development and analysis of alternative energy objectives through the forces of economics, market analysis and planning, and alternative energy investment portfolios structurings.

The NREL is additionally equipped with a Technology Transfer Office. This Office supports laboratory scientists and engineers in the practical application of and ability to make a living from their expertise and the technologies they develop. NREL’s research and development staff and its facilities are recognized for their remarkable prowess by private industry, which is reflected in the hundreds of collaborative projects and licensed technologies that the Laboratory now has with both public and private partners.

We should be doing everything possible to develop geothermal energy technologies. This is a largely untapped area of tremendous alternative energy potential, as it simply taps the energy being naturally produced by the Earth herself. Vast amounts of power are present below the surface crust on which we move and have our being. All we need do is tap into it and harness it.

At the Earths’ core, the temperature is 60 times greater than that of water being boiled. The tremendous heat creates pressures that exert themselves only a couple of miles below us, and these pressures contain huge amounts of energy. Superheated fluids in the form of magma, which we see the power and energy of whenever there is a volcanic eruption, await our tapping. These fluids also trickle to the surface as steam and emerge from vents. We can create our own vents, and we can create out own containment chambers for the magma and convert all of this energy into electricity to light and heat our homes. In the creation of a geothermal power plant, a well would be dug where there is a good source of magma or heated fluid. Piping would be fitted down into the source, and the fluids forced to the surface to produce the needed steam. The steam would turn a turbine engine, which would generate the electricity.

There are criticisms of geothermal energy tapping which prevent its being implemented on the large scale which it should be. Critics say that study and research to find a resourceful area is too costly and takes up too much time. Then there is more great expense needed to build a geothermal power plant, and there is no promise of the plant turning a profit. Some geothermal sites, once tapped, might be found to not produce a large enough amount of steam for the power plant to be viable or reliable. And we hear from the environmentalists who worry that bringing up magma can bring up potentially harmful materials along with it.

However, the great benefits of geothermal energy would subsume these criticisms if only we would explore it more. The fact that geothermal energy is merely the energy of the Earth herself means it does not produce any pollutants. Geothermal energy is extremely efficient—the efforts needed to channel it are minimal after a site is found and a plant is set up. Geothermal plants, furthermore, do not need to be as large as electrical plants, giant dams, or atomic energy facilities—the environment would thus be less disrupted. And, needless to say, it is an alternative form of energy—using it would mean we become that much less dependent on oil and coal. Perhaps most importantly of all—we are never, ever going to run out of geothermal energy, and it is not a commodity that would continuously become more expensive in terms of real dollars as time passes, since it is ubiquitous. Geothermal energy would be, in the end, very cheap, after investigation and power plant building costs are recouped.

Many researchers believe that harnessing the power of the atom in fission reactions is the most significant alternative energy resource that we have, for the fact of the immense power that it can generate.

Nuclear power plants are very “clean-burning” and their efficiency is rather staggering. Nuclear power is generated at 80% efficiency, meaning that the energy produced by the fission reactions is almost equal to the energy put into producing the fission reactions in the first place. There is not a lot of waste material generated by nuclear fission—although, due to the fact that there is no such thing as creating energy without also creating some measure of waste, there is some. The concerns of people such as environmentalists with regards to using nuclear power as an alternative energy source center around this waste, which is radioactive gases which have to be contained.

The radiation from these gases lasts for an extraordinarily long time, so it can never be released once contained and stored. However, the volume of this waste gas produced by the nuclear power plants is small in comparison to how much NOx (nitrous oxide—that is, air pollution) is caused by one day’s worth of rush-hour traffic in Los Angeles. While the radiation is certainly the more deadly by far of the two waste materials, the radiation is also by far the easier of the two to contain and store. In spite of the concerns of the environmentalists, nuclear power is actually environmentally friendly alternative energy, and the risk of the contained radiation getting out is actually quite low. With a relatively low volume of waste material produced, it should not be a difficult thing at all for storage and disposal solutions for the long term to be developed as technology advances.

The splitting of an atom releases energy in the forms of both heat and light. Atomic power plants control the fission reactions so that they don’t result in the devastating explosions that are brought forth in atomic and hydrogen bombs. There is no chance of an atomic power plant exploding like a nuclear bomb, as the specialized conditions and the pure Plutonium used to unleash an atomic bomb’s vicious force simply don’t exist inside a nuclear power plant. The risk of a “meltdown” is very low. Although this latter event has happened a couple of times, when one considers that there are over 430 nuclear reactors spread out across 33 nations, and that nuclear reactors have been in use since the early 1950s, these are rare occurrences, and the events of that nature which have taken place were the fault of outdated materials which should have been properly kept up. Indeed, if nuclear energy could become a more widely accepted form of alternative energy, there would be little question of their upkeep being maintained. Currently, six states in America generate more than half of all their electrical energy needs through nuclear power, and the media are not filled with gruesome horror stories of the power plants constantly having problems.