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RenewableEnergyStocks.com Reports - Oil Prices and Global Warming Issues Fuel Renewable Energy Investments and Initiatives

Report Excerpt: RenewableEnergyStocks.com Reports - Oil Prices and Environmental Issues Fuel Renewable Energy Investments and Initiatives

By Brian Noer, www.RenewableEnergyStocks.com November 2005

In North America, issues such as rising oil prices, hurricanes, global warming and other environmental crises are raising the awareness and importance of renewable energy initiatives. The benefits to both consumers and corporates of energy efficient lighting solutions are gaining in importance as executives from General Electric (NYSE: GE), Philips Lighting B.V. (NYSE: PHG) and Cyberlux Corporation (OTCBB: CYBL) make evident through their conversations with RenewableEnergyStocks.com in the following report.

Traditional lighting companies are obviously aware of the energy efficient trend and are working to develop solutions that fit into the nation's renewable energy initiatives. "Energy-efficient GE products save customers money," said Joseph G. Howley, Manager, Industry Relations & Environmental Marketing at GE Consumer & Industrial.

"Customers are willing to pay slightly more for these


products because they get a quick payback from the energy savings, "continued Howley. "For businesses, the overall cost of light, not the cost of the bulb, is what counts: bulbs can represent as little as 4 percent of the overall life-cycle cost; maintenance and labor costs such as installation represent as little as 8 percent of the overall life-cycle cost; and energy costs over the life of a bulb can represent as much as 88 percent of the overall cost of light. The financial benefits to the customer and GE drive the development of energy efficient products."

"The capability of solid-state lighting technology has advanced significantly, at a 'Moore's Law' pace," said Mark Schmidt, COO and president of Cyberlux. "Our products harness this capability and give home builders, residential designers and home buyers a new, energy efficient alternative to traditional lighting technologies."

To Read the Full Report Click Here: http://www.RenewableEnergyStocks.com/Articles/Energy_Efficient_Li ghting.asp

About the author:

Brian is the Writer, Editor and Research Associate for the InvestorIdeas.com portal team.