Thinking Outside the Bulb: Innovative Companies Switch on Lumens as a Service

Read the full post from the Rocky Mountain Institute.

The transition to low-cost, highly efficient clean energy technology is being accelerated by an accompanying revolution in innovative business models to deploy that technology. This new approach can be seen in a number of clean energy markets; whether the underlying technology is a recent innovation, such as solar photovoltaics (PV), or well established, like automobiles. As with other similar industry shifts, the fundamental drivers are sound economics combined with the right business model.

A recent example is Lumens as a Service (LaaS), which is the subject of a May 2017 report from RMI. The opportunity is enormous. According to one study, potential building energy efficiency savings could exceed $1 trillion over a decade. The opportunity is particularly compelling for lighting, as it represents about 10 percent of commercial electricity consumption, as reported by the U.S. Energy Information Administration in 2016.

Author: Laura B.

I'm the Illinois Sustainable Technology Center's Sustainability Information Curator, which is a fancy way of saying embedded librarian. I'm also Executive Director of the Great Lakes Regional Pollution Prevention Roundtable. When not writing for Environmental News Bits, I'm an avid reader. Visit Laura's Reads to see what I'm currently reading.

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