http://bits.blogs.nytimes.com/2008/09/26/the-10-million-light-bulb/
The article says: "If LED lighting eventually takes off, this could be a big deal. According to the Department of Energy, if every socket in the United States that now had a 60-watt bulb switched to an LED equivalent, the country would save 34 terawatt-hours of electricity a year, or enough to light Las Vegas for two years (no jokes about whether it might be better to keep it dark)."
But the winning bulb must also meet key standards of high quality over the "junk" construction associated with many existing LED bulbs already on the market. According to the article, the "L Prize will also set manufacturing standards, which should weed out the stuff that would otherwise give the technology a bad name."
What's even MORE interesting, though, are the reader comments to the NYT article, especially those that "illuminate" complications, drawbacks and criticism surrounding the idea -- regarding the irony of manufacturing overseas and what some consider a misguided government-funded project.
- Misako M.
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