DOE announces Phillips wins L Prize competition to develop efficient replacement for 60W normal light bulb
The Department of Energy (DOE) held a competition to get companies to design a replacement for the typical 60W incandescent light bulb that was more energy efficient. The prize for winning the competition was $10 million. There was only one entry to the competition and that was Phillips. The bulb you see in the photo below is the 75W Phillips LED replacement bulb, which looks just like the 60W bulb that won the contest.