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G.E. Could Dominate LED’s with New Technology
General Electric has demonstrated a new, low cost technology for producing LED lighting. If it proves successful and competitive in quality, it could have significant impacts on the speed at which LED’s will come to dominate future lighting technologies and at which the vast efficiency improvements of LED’s will reduce the consumption of electricity. It also might allow G.E. to dominate the LED field and possibly hurt the competitive position of CREE, Inc. Since CREE stock sells at a high multiple of estimated 2009 earnings, which estimates are coming down, it seems prudent to step aside from owning CREE shares for the present time.
Here is the excellent report on G.E.’s development from The Energy Blog:
March 18, 2008
FYI: GE Demonstrates World’s First ”Roll-to-Roll” Manufactured Organic Light Emitting Diodes (OLEDs
Press release - GE Global Research and GE Consumer & Industrial in conjunction with ECD announced the successful demonstration of the world’s first roll-to-roll manufactured organic light-emitting diode (OLED) lighting devices. This demonstration is a key step toward making OLEDs and other high performance organic electronics products at dramatically lower costs than what is possible today. . . .
OLEDs have the potential to deliver dramatically improved levels of efficiency and environmental performance when compared to traditional products.
GE researchers provided the organic electronics technology and were responsible for developing the roll-to-roll processes, while ECD provided its unique roll-to-roll equipment-building expertise to build the machine that manufactures the OLED devices.
When commercialized this technology will make possible low cost high, efficieny lighting. Lighting currently comsumes about 22% of the total electricity generated in the U.S. and about 25% of the average homes electric bill.
Thanks to Tyler at Clean Break for the tip.
Tags: energy investments
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1 response so far ↓
1 William Kennedy // Mar 31, 2008 at 7:56 am
I have been in an out of GE for years. With Jim Welch I made money. This along with their work on other alternative energy and I am buying again. Efficient lighting is something the public will accept with minium resistance.
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