As part of the Obama Administration's all-of-the-above energy strategy to help reduce energy costs for America's homes and businesses, the Energy Department recently announced more than $7 million for three innovative lighting projects at companies in California, Michigan, and North Carolina that aim to lower the cost of manufacturing high-efficiency solid-state lighting (SSL) technologies like light-emitting diodes (LEDs) and organic light-emitting diodes (OLEDs). LEDs and OLEDs are generally ten times more energy efficient than conventional incandescent lighting and can last up to 25 times as long, and by 2030, these technologies have the potential to reduce national lighting electricity use by nearly one half, which could save up to $30 billion a year.
"Partnering with private industry, the Energy Department is driving innovation in new, more efficient lighting products and boosting our national competiveness in manufacturing," said U.S, Energy Secretary Steven Chu. "The investments announced today will help expand lighting choices for consumers, reduce the nation's energy use, and drive down costs for American lighting manufacturers and the families and businesses that buy their products."
To read more about the projects, visit the Energy Department website.