Philips Electronics announces their recently revealed LED replacement for the common household bulb was named one of the “best inventions of 2009” by TIME magazine. The lamp was Philips’ entry to the Department of Energy’s Bright Tomorrow Lighting Prize (L Prize) competition, the first and only such entry submitted to the Department of Energy to date.
The TIME “best inventions team” included this Philips invention on the list because of the significant technological developments that were achieved to deliver breakthrough product capability previously unseen from an LED light bulb. Under the heading “The $10 Million Lightbulb,” the editors declared “with the flick of a switch, Philips Electronics may have just dramatically lowered America’s electric bill,” noting “Philips’ LED bulb emits the same amount of light as its incandescent equivalent but uses less than 10 watts and lasts for 25,000 hours - or 25 times as long.”
“This is a very exciting time for the lighting industry. We are demonstrating that LED solutions are now viable for mainstream lighting, and we’re thrilled that Philips has been recognized by TIME, given the years of significant investments we have made in LED technology,” says Kevin Dowling, Vice President of Innovation at Philips Color Kinetics. “This lighting breakthrough demonstrates what we can accomplish when previously independent businesses work together, providing consumers with a quality light source while reducing energy consumption.”
Developed by a global team of experts from Philips’ LED businesses across The United States, The Netherlands and China, this lamp represents an important milestone in consumer LED lighting solutions. As part of the L Prize competition, the lamp is currently undergoing comprehensive evaluation, including performance testing conducted by independent laboratories, field assessments conducted with utilities and stress testing under extreme conditions. Following this testing and assessment, Philips intends to bring the LED replacement to market, at which time the lamp is expected to use 20% of the energy of an incandescent, while providing the same quality of light consumers have come to know and expect.
The TIME Magazine annual best inventions list has previously honored many breakthroughs that have since changed the way we live, and marks Philips’ return to the list following their most recent inclusion on the 2007 honor roll. The story is now on sale in TIME’s November 23 “Best Inventions” issue.
About the L Prize
The Energy Independence and Security Act (EISA) of 2007 authorizes DOE to establish the Bright Tomorrow Lighting Prize (L Prize) competition. The legislation challenges industry to develop LED replacement technologies for today’s most widely used and inefficient products, 60W incandescent lamps and PAR 38 halogen lamps, and also to develop a new “21st Century Lamp.” The EISA legislation establishes basic requirements for each category and authorizes up to $20 million in cash prizes; the exact amount of the cash prize for each category will be determined based on DOE Congressional appropriations. The first entrant in each category to successfully meet the full competition requirements will receive a substantial cash prize as well as L Prize partner promotions and incentives. To date, 27 utilities and energy efficiency program partners stand ready to promote and develop markets for the winning products. Up to two additional entrants may be eligible for program partner promotions - in effect increasing the number of possible qualifiers in each category to three. Potential opportunities for future federal purchasing agreements, utility programs, and other incentives for winning products may far exceed the value of the cash prize. For more details on the L Prize competition, visit www.lightingprize.org .