Manufacturers of LEDs (light emitting diodes) are producing lighting that is environmentally friendlier and considerably more energy efficient than traditional lighting products. According to the International Energy Agency (IEA) one dollar invested in more efficient electrical equipment avoids more than 2 dollars in investment in electricity supply. The potential savings from LED lights is truly remarkable as approximately 12.5 percent of global electricity production is used for lighting.
To help investors see the value of energy efficiency, The Green Market has followed the progress of (smart) grid stocks, and on January 14, 2009, The Green Market added its portfolio of energy efficient lighting stocks. In 2009, Cree Inc. (NASD: CREE), one of the stocks in The Green Market's energy efficiency portfolio, gained an astounding 250 percent, As a whole, The Green Market's energy efficient lighting portfolio averaged gains of 99.53 percent in 2009.
To continue reading please see THE GREEN MARKET
Comments
Leave a comment