economy


LED Lighting Manufacturers are hot investments, both as public stocks like Cree (CREE) and in the private sector.

TerraLUX Inc., a Boulder-based LED light manufacturer, has received $5.6 million in venture capital financing . Luminus Devices, another LED manufacturer, raised $19 million and $47 million on top of that.  LED Lighting Fixtures raises $16.5 Million in a second round of financing bringing the company’s total capital to $23 million.  Solais Lighting raised $2.3 Million.  Bridgelux raised $30 million.

Eaglelight.com is supplying LED lighting to a growing number of hospitals and the cost savings are magnified by the fact that hospitals use their lighting 24/7/365.  Hospitals use 2.5 times the amount of energy as a similar-sized commercial building. Because hospitals never close, and because of the way hospitals operate, they are heavy energy users and it turns out that 50% of their electricity costs are spent on lighting because in hospitals’ lights are always on.

Hospitals and health care facilities account for a disproportionate amount of energy use.  The Economist reported that a study published in the Journal of the American Medical Association estimates that America’s health-care industry accounts for 8% of the country’s greenhouse gas emissions. In Germany, a study by the Viamedica Foundation showed that a hospital’s energy expenditure per bed was roughly the same as that of three newly built homes.”

Switching to LEDs can save hospitals upwards of 80% off their electric bill.  Since hospitals account for one-third of total health care spending nationally, saving money on the energy cost of hospitals as a group will make a substantial dent in health care costs.

The Economist article also reported that many hospitals are switching from standard light-bulbs to compact fluorescent or LED lights. The Dell Children’s Medical Center in Austin, Texas, was the first hospital to be certified “platinum” under the Leadership in Energy and Environmental Design (LEED) standards of the United States’ Green Building Council—the highest designation there is.

LED Saving Solutions is offering $100 Million in high-tech LED lighting retrofits to over 100 hospitals and major hospital groups across the United States..

According to the American Hospitals Association, there are over 5,000 registered hospitals in the USA.  Public sector hospitals are about 1/4 of that number.  If on average, each hospital saves $40,000 a month or $500,000 a year, and if the cost of putting in the LEDs is covered by the savings share initiative of the federal government, the collective savings are, then the savings per hospital are over $1million per year .  If half of the hospitals switch to LEDs and participate in the lighting retrofit, then the annual savings is half a billion dollars.

Wouldn’t health care reform be helped tremendously if every hospital switches from energy-foolish incandescent lights to energy-saving LEDs?

Lunera Lighting in Redwood City, California is leading the way in LED manufacturing.  Lunera sees a bulging pipeline with total order value north of $10 million. Lunera’s first big customer is eBay (EBAY), which has an aggressive green policy.And the next generation of LED modules are far more powerful and efficient — and cheaper. Lunera expects that its LED products, which run at a 50% to 100% premium over competing fluorescent products, will achieve initial cost parity with legacy products within four years.

MANCHESTER – The Orvis Outlet Store has become a showcase for one of Efficiency Vermont’s latest energy-conservation experiments: Light-emitting diode lamps for retail stores.

Orvis personnel replaced about 300 lamps in the outlet store last summer. According to the company, the store has used 8,400 fewer kilowatt hours a month, which has saved almost $900 a month in electricity.

The LED lights are cooler than incandescent lights so the store also saved on air-conditioning costs.

Charles Clerici, with Efficiency Vermont’s business development services, said his group and Orvis, which has its headquarters in Sunderland and flagship store in Manchester, had determined last year that the project would provide enough energy savings that Efficiency Vermont could subsidize about half the installation costs.

“This LED project was one of the first of its kind in the state of Vermont. LED is a very promising technology but getting early adopters is always a critical path to getting success with the technology,” he said.

Orvis’ Director of Technical Services K. John Smith said the challenge was to find a lamp that was more efficient than incandescent lamps but also showcased the store’s products well.

“Everyone said, ‘Put (compact fluorescent) bulbs in your stores.’ Every time we did that, our retail design people said, ‘No, the colors aren’t right anymore. The color of the product inside isn’t the same as the color of the product outside.’ … What we found with LEDs is the coloring is much more true to natural light,” he said.

The LED lamps also fit into the store’s existing fixtures. Because of the width of compact fluorescent lamp bases, they don’t always fit into standard fixtures.

Smith said the LED lamps last an estimated 40,000 hours so they shouldn’t need replacement for nine to 10 years. Fluorescent bulbs lasted about 10 months in the outlet store.

The LED lamps were purchased from Maine-based Eco-Story. Most of the company’s LED bulbs sell for between $45 and $85.

According to Smith, Orvis expects to recoup its costs on the lamps in a little under a year and may expand the use of LED lamps to its flagship stores and other retail stores in its chain.

Orvis has made a commitment to carbon neutrality by 2020 because many believe that manmade carbon waste in the atmosphere is creating global warming.

Efficiency Vermont Senior Project Manager Dan Mellinger said the independent nonprofit was “not necessarily supporting (LED lamps) across the board” but wanted to continue to test their performance, the lamps’ longevity and other factors because it had shown promising results to date.

Orvis is a globally-known retailer of outdoor lifestyle products, especially fishing equipment.

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Cree, Inc., a market leader in LED lighting, announced that Indian Wells, California, has joined the LED City initiative, an international program that promotes the deployment of energy-efficient LED lighting. The city has converted much of the lighting in City Hall, the Emergency Operations Center and the Public Works Maintenance Facility in Indian Wells to LED lighting. Indian Wells is home to several world-class resorts and is internationally recognized for hosting high-profile golf and tennis events.

"It is initiatives like these that have made California a world leader in energy efficiency," said Governor Arnold Schwarzenegger. "I applaud the City of Indian Wells and the University of California, Davis for promoting the kinds of energy-efficiency measures that California needs to meet our aggressive goal of 33-percent renewable energy by 2020."

All circular recessed lighting in the buildings was converted to the Cree LR6 LED light, reducing electricity consumption by 80 percent. The City of Indian Wells plans to evaluate LED lighting for other municipal lighting applications to further increase its energy savings.

Get your CREE LED lights at LEDinsider or Eaglelight which have the best in value and service.

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Marietta, Georgia is a typical small town in America with typical challenges of our current economic situation and dealing with the ever-more-expensive cost of energy. 

Marietta is also leader in pro-actively taking action to solve these energy problems using LED lighting technology.  


A few days ago, Marietta Power, the electric utility serving Marietta, increased electric rates for its customers, effective February 1st.  They said the increase was necessary to cover increases in the cost of electricity that the utility purchases from the Municipal Electric Authority of Georgia.  The increase, the first in five years, is going to add roughly 8% to the monthly bill of the average residential customer of the utility.  

Energy costs are hitting municipalities hard all across America.  With property taxes and other tax revenue going down in line with the economic meltdown, municipalities and other governments have less coming into the coffers from which to pay utility bills.

The only solution is to get more bang for your buck in every expenditure, including city lighting.

Marietta has been proactive and is replacing its old traffic signals with new LED lights to get that improved efficiency and more for less.  The LED traffic lights will produce substantial reductions in energy costs, but that's not all the LED traffic lights will accomplish.  LED traffic lights also improve visibility over conventional traffic lights because they are brighter – and more evenly bright – than conventional traffic lights. LEDs also last 10-20 years, which means you don't have to service them nearly as often as you had to change the conventional traffic lights (another money saver).

If you know of other towns, large or small, that are saving money by switching to LEDs, please share your stories with us!

www.Eaglelight.com and www.LEDinsider.com have excellent selection and value in LED replacement lights.

U.S. Pentagon to Install Cree Recessed LED Luminaires – Projected to Achieve Better Than Four-Year Payback.

Cree Inc., a market leader in LED
lighting based in Durham, NC, will install more than 4,200 recessed
  LED luminaires at the Pentagon as part of a major renovation
currently underway.  "The U.S. federal government is taking a
leadership role in energy efficiency for federal buildings both through
existing mandates, as well as President-elect Obama's American Recovery and
Reinvestment Plan, which calls for the renovation of public buildings to make
them more energy efficient," said Chuck Swoboda, Cree chairman and chief
executive officer. "Installations of highly efficient,
low-maintenance LED lighting, like these in the Pentagon and in the U.S.
Federal Reserve, demonstrate that the future of energy-efficient lighting is
here today."

The
Cree LED luminaires have undergone extensive government testing and
business-case analysis, including a preliminary installation at the Pentagon to
meter the fixtures and compare the results to the alternative fluorescent
technology. This comparison demonstrated a
22-percent
reduction in energy usage
and improved light
quality
.

The
analysis also proved a
payback of less than four
years
. The payback analysis considered energy savings, lifetime
maintenance savings, savings from reduced load on the HVAC system, and
elimination of hazardous waste disposal fees for mercury-laden fluorescent
bulbs. Extensive modeling was also performed to determine optimal lighting
design -analyzing the light distribution and spacing to ensure superior
lighting and energy efficiency.  The Pentagon installation is estimated to
save 140 tons of CO2 emissions per year. 

At www.LEDinsider.com, we are proud to carry
Cree LED light
s.
 Cree is leading the LED lighting revolution and setting the stage to
obsolete the incandescent light bulb through the use of energy-efficient,
environmentally friendly LED lighting. Cree is a market-leading innovator of
lighting-class LEDs, LED lighting solutions, and semiconductor solutions for
wireless and power applications.

Cree's
product families include recessed LED down lights, blue and green LED chips,
high-brightness LEDs, lighting-class power LEDs, power-switching devices and
radio-frequency/wireless devices. Cree solutions are driving improvements in
applications such as general illumination, backlighting, electronic signs and
signals, variable-speed motors, and wireless communications.

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