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  • $50 Light Bulb That Replaces A 25¢ Bulb Got A $10 Million Government 'Prize'

    03/12/2012 6:13:06 AM PDT · by SeekAndFind · 40 replies
    American Thinker ^ | 03/12/2012 | Warren Beatty
    Have you ever heard of the "L" Prize? The Department of Energy's (DOE) "L" Prize challenged the lighting industry to develop high performance, energy-saving replacements for conventional light bulbs that will save American consumers and businesses money. Initiated in 2008 during the George W. Bush administration, DOE's first "L" Prize category was the 60-watt bulb because it is one of the most widely used types of light bulbs by consumers. The "L" Prize was meant to hasten manufacturers' production of more efficient light bulbs in order to ease the transition away from inefficient incandescent light bulbs to more efficient Compact...