LEDs set to save trillions of dollars while spurring innovation globally
According to an article on Science Daily it turns out that with all the recent progresses with LED Lighting and related technologies, we could be saving huge sums of money very soon.Recent development in photonics and solid state lighting will lead to trillions of dollars saved, along with a massive reduction in the amount of energy consumed lighting homes and businesses around the world. At least, this is what the researchers say 
A new generation of lighting devices based on light-emitting diodes (LEDs) will supplant the common light bulb in coming years, the paper suggests. In addition to the environmental and cost benefits of LEDs, the technology is expected to enable a wide range of advances in areas as diverse as healthcare, transportation systems, digital displays, and computer networking.
Some heavy statistics from the article
If all of the world’s light bulbs were replaced with LEDs for a period of 10 years, Schubert and Kim estimate the following benefits would be realized:
- Energy savings of 1.9 × 1020 joules
- Electrical energy consumption would be reduced by terawatt hours
- Financial savings of $1.83 trillion
- Carbon dioxide emissions would be reduced by 10.68 gigatons
- Crude oil consumption would be reduced by 962 million barrels
- The number of required global power plants would be reduced by 280
Pretty crazy stuff. We love LED’s and are happy to be ahead of the curve when it comes to dedicated LED News.
Posted December 21, 2008 - Filed In House and Home, LED Business, LED News
Comments
Leave a Reply