Name：The $10 Million Lightbulb

Designer: Philips

Release Year: 2009

The $10 Million Lightbulb replaces an ordinary 60-watt light bulb with an LED. The amount of light emitted by LED is equivalent to that of incandescent bulbs, but the power is less than 10 watts, and the duration is 25000 hours. In September 2009, the American L Prize contest sought to replace the LED of an ordinary 60-watt light bulb, and 60-watt lamps accounts for 50% of the domestic incandescent market, if they are replaced by LED bulbs, the United States can save enough electricity each year to illuminate 17.4 million households. If Philips wins the L award, it will receive a cash prize and a federal purchase agreement worth about $10 million.