Philips shows off its $10 million LED light bulb

Philips shows off its $10 million
 LED light bulb
Most people are familiar with the various X Prizes that have been offered for achievements in flight and space travel, but how many know that the US Government has offered an L Prize for energy efficient lighting? The idea is to come up with a 21st century replacement for the 60 Watt light bulb, with the goal of saving 34 Terawatt-hours of power nationwide per year.[Read more...]