The L Prize Offers $10 Million for the Most Energy-Efficient Light Bulb
Michael Hines — April 25, 2010 — Eco
References: lightingprize.org & dvice
The L Prize is a new U.S. government-sponsored lighting contest. The L Prize is offering $10 million to whomever can come up with the most energy-efficient light bulb.
The pictures in the gallery are from Philips' entry. The rules of the prize state that the light bulb "must deliver at least 900 Lumens output, with a consumption of less than 10 watts, and must have a lifespan of at least 25,000 hours." Hopefully the L Prize will lead to some awesome energy innovations. Our current light bulbs are so 1879.
The pictures in the gallery are from Philips' entry. The rules of the prize state that the light bulb "must deliver at least 900 Lumens output, with a consumption of less than 10 watts, and must have a lifespan of at least 25,000 hours." Hopefully the L Prize will lead to some awesome energy innovations. Our current light bulbs are so 1879.
Trend Themes
1. Energy Efficient Lighting - The L Prize provides an opportunity for disruption in the lighting industry by offering a significant prize for the most energy-efficient and long-lasting light bulb.
2. Government-sponsored Contests - The success of the L Prize contest may lead to an increase in government-sponsored contests, particularly in the area of sustainable technology development.
3. Sustainable Innovation - The L Prize and similar contests can encourage sustainable innovation by providing incentives for the development of more environmentally friendly products.
Industry Implications
1. Lighting - The lighting industry has the opportunity to disrupt the market through the development of more energy-efficient and long-lasting light bulbs in response to the L Prize contest.
2. Sustainability - The L Prize highlights the importance of sustainability, presenting opportunities in industries such as renewable energy, green technology, and eco-friendly manufacturing.
3. Incentivized Innovation - Industries might be disrupted by the application of incentivized innovation models, such as the L Prize, to encourage product development and improve competitiveness.
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