A new $200 million Asian Development Bank (ADB) loan will finance installation of millions of energy-efficient lights in streets and homes and energy-efficient water pumps in farms across India, leading to energy savings of around 3,800 gigawatt-hours per year, equivalent to the annual output of two 300-megawatt coal-fired power stations. 

Pixelligent Technologies, the leader in high-index advanced materials for Solid State Lighting and Display applications and producer of PixClear® products, announced that it closed US $10.4 million in new funding. The round was led by The Abell Foundation, The Bunting Family Office, and David Testa, the former Chief Investment Officer of T. Rowe Price. Funds will be used to complete the installation of additional manufacturing capacity, open new offices in Asia, and continue to drive innovation in lighting, display and optical applications.

The BILTON Group has established itself on the market with innovative products and newly-conceived production processes as a specialist for flexible linear LED lighting and intelligent light management systems. With the recently-conducted capital increase of EUR 1.6 million (US $1.78 million), the model company from Salzburg is now fit for rapid expansion. After a growth of over 70% in the last fiscal year, an increase in turnover for this year of more than 100% is planned.