The Department of Energy paid Dutch energy-giant Philips Global $10 million for its newest LED light bulb. Now the two are trying to figure out what to do with it. The bulb, which is slated to replace the 60-watt incandescent light bulb lawmakers banned in 2007, costs $50, well above the $1 consumers are used to spending on traditional bulbs and double the price of many existing LED lights.
Asked to grade his own performance as secretary of the Department of Energy so far, Sec. Steven Chu said Thursday he would give himself "maybe an A-." Chu was speaking at a Committee On Science, Space, And Technology hearing.