IFC project stimulates LED market for off-grid lighting
A project organized by the International Finance Corporation aims to help LED companies sell lighting systems to homes and businesses that lack electrical power and rely on fuel-based lighting.
LED lighting, powered by photovoltaic systems or other power sources, could potentially have huge benefits for the developing world. At the same time this project could stimulate a very large market for the emerging LED lighting industry.
At a recent seminar to announce the project to the LED industry, IFC's Russell Sturm said that the motivation to become involved might be either humanitarian or profit-driven. "Both these factors are important for the project to be a success," he said.
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