US invests $10m in LED development

The energy department in Washington has announced $10million (£6.5m) in funding for efficient lighting projects. The nine projects aim to facilitate the development of high quality light emitting diode (LED) […]

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By Priyanka Shrestha

The energy department in Washington has announced $10million (£6.5m) in funding for efficient lighting projects.

The nine projects aim to facilitate the development of high quality light emitting diode (LED) and organic light emitting diode (OLED) – products that would help consumers save money and decrease energy use in the US.

The research projects will receive $8.2million (£5.4m) which increases to more than $11.5million (£7.5m) with private sector investment.

Energy Secretary Ernest Moniz said: “Advances in solid-state lighting technology are critically important for moving the nation closer to a clean energy future while keeping money in the pocketbooks of American families at the same time.

“These Department-funded projects will help tap the full energy-saving potential of solid-state lighting and create jobs in related industries across the United States.”