A new kind of LED, the OLED (Organic Light Emitting Diode), provides a brilliant white light that will replace incandescent and flourescent bulbs in many homes and businesses. 20% of all the electricity generated in the United States is used to power light bulbs, and more than 90% of that power is wasted as heat, not light.
The new bulbs are highly efficient, and are the exact opposite of incandescent bulbs. OLEDs convert more than 90% of their energy into usable light, and some scientists think they can be made 100% efficient. Imagine the impact on oil prices if we cut our energy use by 20%.
There are some stunning business opportunities emerging from the Energy Economy. And we'll all save money.