CREE Hosts Joe Biden at RTP Facility
No wonder Cree was so happy to welcome VP Biden today. They’re in like Flint. So let’s see now… A LED light fixture, that you or I would pay ~$130 for, they sell that same fixture to the Pentagon for $600 bucks a piece or Probably MORE! Can’t say I blame them on this one. Problem is, it’s corrupt Chicago style politics.
Although I can’t furnish a link to actual data right now, I’ll go out on a limb and use the Democrat mentality…. Since everything else is so transparent with this administration, I’ll “DEEM” this as a corrupt back room deal and “PASS” on any future involvement with Cree. Please be aware that the entire “Birds Nest Stadium” in China used Cree lighting & technology for the Summer Olympics in 2008 too. I’ll bet Obama & the Democrats had their hands in them getting that contract also. Now that’s a “Deem & Pass” you can bet on.
Respectfully submitted by SilenceDogood2010 on this eighteenth day of March in the year of our Lord Two Thousand Ten.
Pentagon Goes Green With Cree LEDs (from January 2009)
The Pentagon — known for such money-saving ventures as the mythical $600 hammer and wildly over-budget weapons development projects — is taking a crack at saving electricity with energy-efficient lighting.
Cree Inc. (NDSQ: CREE) said Tuesday that it has a deal to install 4,200 of its light-emitting diode (LED) recessed luminaires in Wedge 5 of the Pentagon. The LEDs are expected to use 22 percent less power than the fluorescent lights they will replace, enough to pay back their extra cost in four years, the company said.
LEDs are power-sippers compared to incandescent and fluorescent lights, and they’re already in wide use for traffic lights, billboards and other outdoor applications. But their higher costs remain an obstacle in bringing them to indoor lighting.
Still, the U.S. Department of Energy says that LED lighting use saved the country about 8.7 trillion watt hours in 2007 (out of a 2001 estimate of 765 trillion watt hours used for lighting across the United States), and that bringing LEDs to wider use in indoor lighting and 11 other untapped markets could save the country 27 gigawatts of power (see DOE Says LEDs Can Shine in 12 Markets).
Cree is among the lighting companies eager to buy up promising startups that can serve customers looking for those kinds of potential energy savings. The company has spent $303 million on acquisitions in the last two years, including buying LED Lighting Fixtures for about $77 million in cash and stock in February (see Cree to Buy Firm Founded by Its Former Execs).
Philips Lighting is also spending big on fledgling lighting companies — $5.4 billion in acquisitions from 2005 to 2007 — and has launched a line of LED indoor lights.
Startups in the LED field include Luminus Devices in Billerica, Mass., which raised $72 million in venture capital in March (see Luminus Closes $72M to Light Up New Applications), and Sunnyvale, Calif.-based BridgeLux, which raised $40 million in April.
The Pentagon’s move to LEDs would appear to fit in with President-elect Barack Obama’s promise to make the federal government more energy-efficient.
Obama’s campaign called for retrofitting existing federal buildings to make them 25 percent more energy-efficient in the next five years, as well as a promise to make sure all new federal buildings were 40 percent more energy-efficient in the same time frame. The long-term goal is to decrease the government’s energy usage by 15 percent by 2015.
~~~ End of Greentechmedia story ~~~~
And here’s a story from the N&O in May 2008, that ‘sort of’ backs up my hypothesis on CREE being a contributor to the Obama Machine.
DURHAM — No big rallies this time.
The setting for what is expected to be Barack Obama’s final campaign appearance was in the sedate setting of CREE, a company in the Research Triangle Park that is producing LED lights, Rob Christensen reports.
Reporters nearly outnumbered CREE employees in a manufacturing room where Obama was scheduled to speak within the hour. Obama was expected to talk about both the economy and the environment.
The location was set up by Michael Cucchiara, a Chapel Hill businessman, who had been a major financial backer of former Sen. John Edwards. Cucchiara switched to Obama shortly after Edwards withdrew from the race in January.
~~~ End of N&O story ~~~~~
Silence’s Summary: LED arrays are great lighting devices. They use significantly less power & generate much less heat than their incandescent counterparts. The problem is that they are very fragile when submitted to voltage spikes. The 1st good ole thunderstorm that rolls thru … “ZAP”… that $130 fixture is toast due to the delicate electronic components.