$10 Million More For Low Cost LEDs

The price of a typical high efficiency LED light bulb has been falling off the cliff lately, and it’s going to take another steep dive because the Energy Department has just chipped in $10.5 million for a new push to get more low cost LEDs into more sockets. The money is aimed at taking foundational research that improves efficiency for both LED and OLED technology, and applying it to improved models for commercial development. The new low cost LED funding will be distributed among nine one- to two-year projects in six different states. The total Energy Department contribution adds up to $10.5 million. The recipients will chip in an additional $3.7 million for a total of $13.7 all together.