08 Feb '12, 5pm

Albeo Sees 300 Percent Increase in LED Retrofits: The LED lighting revolution isn’t quite happening yet in the...

Albeo Sees 300 Percent Increase in LED Retrofits: The LED lighting revolution isn’t quite happening yet in the...

The LED lighting revolution isn’t quite happening yet in the home, but that doesn’t mean it isn’t settling into certain commercial and industrial sectors. For one company, Albeo Technologies , the focus on the industrial sector has reaped a 50-percent increase in revenue in 2011 and an increase in LED retrofits of 300 percent. In the LED space, Albeo is not alone. Redwood Systems , for example, saw year-over-year growth in sales of more than 300 percent, and Lighting Science Group produced 4.5 million LEDs in 2011, a 450-percent increase compared to 2010. Albeo and others only expect that trend to continue in 2012, as cold storage facilities, data centers and other large retail and industrial sectors embrace LEDs. Jeff Bisberg, CEO of Albeo, said that cold storage and data centers are seeing a 1.5- to 2-year payback for LED lights, which is making them extremely attractive...

Full article: http://www.greentechmedia.com/articles/read/albeo-sees-30...

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