Photo Credit: Victory of the People (Creative Commons)
The U.S. government last year announced a $10 million award, dubbed the “L Prize,” for any manufacturer that could create a “green” but affordable light bulb.
Energy Secretary Steven Chu said the prize would spur industry to offer the costly bulbs, known as LEDs, at prices “affordable for American families.” There was also a “Buy America” component. Portions of the bulb would have to be made in the United States.
Now the winning bulb is on the market.
The price is $50.
Retailers said the bulb, made by Philips, is likely to be too pricey to have broad appeal. Similar LED bulbs are less than half the cost.
Read more at The Washington Post. By Peter Whoriskey.
Please share this post with your friends and comment below. If you haven’t already, take a moment to sign up for our free newsletter above and friend us on Twitter and Facebook to get real time updates.
Follow @WestJournalism
Loading ...
This is what these out of touch idiots think is affordable, they will have us buy theirs !!
They think Romney is out of touch , ha ha ha ha , these clowns need to get their heads out of their azz.
They have been on the government dole so long they don’t have a clue. The joker that won $10 million taxpayer dollars should be tared an feathered !!!
Mr. Chu needs this bulb stuck up his ass while its hot,he also should have to pay the taxpayers back. If Phillips keeps the money I won’t be buying any of their products. Sure hope Mr. Chu will loose his job over this. When there is profit to be made business does not need a $10 million reward to develope it.