Posts Tagged ‘L-Prize’
Why so much outrage over a lightbulb? The Department of Energy recently awarded a $10 million “L-Prize” to Philips for creating an “affordable” $50 green lightbulb, as a step in its effort to ban traditional incandescent lightbulbs. The new 30-year bulb, available now, sweeps any top CFL bulb under the table. But many are up in arms over why the government would help fund a product that has such a high initial price tag.