Energy Efficient Lighting: Insights, Issue 7
The latest report from EL PRO provides research on energy efficient lighting.
Today, 20% of the world’s electricity is used for lighting. The United States spends $40 billion annually on lighting up its grid. Electricity consumption can be reduced to 4% with the full-scale adoption of LED (light-emitting diode) and could translate to a savings of 334 million barrels of oil per year in the United States. According to the U.S. Department of Energy, the adoption of LED lighting in the U.S. over the next 20 years would reduce electricity consumption by 25%, save an accumulated $120 billion in energy costs, and reduce greenhouse gas emissions by 246 metric tons of carbon.
The report includesÂ five charts and covers: Technologies and Methods, Regulations, Standards, Manufacturers and Suppliers, Benefits, Challenges, Latest Developments, Adoption by Businesses and Projections.