When most people think of the energy industry, they think of oil. Petroleum is the king of the energy market. The entire world would grind to a halt without the various refined and crude versions of this vital commodity. Unfortunately, many experts say that the oil will run out eventually and people will be left wondering how to power their homes and businesses. Providing power to an entire city would be a huge struggle. This is why alternative energy use is on the rise. Many investors say that shale oil is the future of refined minerals. Wind energy production is up thirteen percent from two thousand fifteen to two thousand sixteen and is expected to rise more than eleven percent over the next year. Solar energy is on the rise too. Solar energy production was up eighty-four percent in the last year and is expected to rise even more in the coming years.
Renewable energy is the answer to energy shortages in the future and investors need to start thinking this way. New technology is being developed every year. In recent years, researchers at the Ohio State University discovered a kind of battery that’s more efficient and cheaper than anything else on the market. Battery technology will march forward. As the need for bigger and more affordable batteries rises, researchers will find new ways to make them better. Investors can help advance this market by helping researchers with their projects. Programs exist that allow energy investors to contribute to studies that produce new types of batteries that home and business owners will need.
Unconventional energy is a huge opportunity for investors. It’s a known fact that oil is a limited mineral. Eventually, people will need to find other ways to keep the lights on. Solar energy isn’t going anywhere anytime soon. Getting in on this lucrative market for forward-thinking investors. Predicting the future of the energy industry isn’t hard. Getting in on the ground floor isn’t hard either. Investors can follow this Link for more information about energy investing and how to get involved with the future of the industry and the world.