Green Energy Utility Companies
The Economics of Green Energy Utilities
- Many green utility companies are highly profitable; a popular misconception that this is not the case comes from the higher initial investment costs of green energy projects. Over the long-term, however, green energy projects cost less to maintain, in large part because there is no fuel requirement to sustain. This makes the long-term dividends of green energy projects often significantly more attractive than those of traditional, fossil fuel-based energy projects.
Green Energy Utility Projects
- The most common types of green energy utility projects are wind, solar and hydroelectric. A number of other methods exist to generate green electricity, such as tidal wave technologies, which use devices in the ocean to collect the energy of the regular rise and fall of the tides. Another technology is bioreactors, which use live microorganisms to convert waste or biological matter into a usable or less polluting form of hydrocarbon fuel or thermal energy.
Existing Green Energy Companies
- As of 2010, there are numerous successful green energy utility companies in the U.S.
Arizona, which has a reputation as a lucrative location for solar energy generation stations, is home to both APS Solar Partners and the Green Watts subdivision of Tucson Electric. California is also well-known for its green energy initiatives, such as the Palo Alto program, which uses 100-percent renewable energy generated via solar and wind energy farms, one of the first of its kind to run an entire city on renewable energy.