Philips on Sunday will start selling an LED bulb that sets a new bar for performance -- and price.
The company will release the Philips L Prize LED on Earth Day for $50, which includes an "automatic incentive" from the company. The general-lighting bulb came out of the Department of Energy's L Prize competition to develop long-lasting, efficient, and less expensive LED lamps.
Philips claims its L Prize LED is the most efficient 60-watt LED equivalent and improves on features from Philips own existing LEDs.
It gives off 940 lumens, consumes 9.7 watts, and has a … Read more