2012-03-14

An Argument between the Energy Department and GOP for LED Bulb Investment

There is an argument between Energy Secretary Steven Chu and GOP on the Energy Department investment of $10 million “L Prize” to Philips for an LED light bulb that retails for $50. The GOP has criticized the Energy Department for backing such an expensive light bulb, arguing it’s too pricey for the average consumer. But at a Senate Energy and Natural Resources Committee, Chu defended that the department backed the product as a first step in developing cheaper energy-efficient light bulbs over time. “The idea of that light bulb co...
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