>Obama’s $50 light bulb: ‘Too pricey’?
By The Week’s Editorial Staff | The Week – 5 hrs ago
The winner of a $10 million government contest to develop a super-efficient light bulb is here. But will anybody want it?
The Obama administration announced last year that it would award $10 million to the company that could create a light bulb that was both eco-friendly and affordable. The winning LED bulb, made by Philips, is about to hit the market. There’s only one problem: It costs $50. The price of your standard incandescent bulb, on the other hand, hovers in the $1 region. The $10 million award, dubbed the L Prize, is part of the government’s plan to phase out all energy-wasting incandescent bulbs over the next several years. But could Obama’s $50 light bulb possibly be worth its price?
https://news.yahoo.com/obamas-50-light-bulb-too-pricey-161000910.html