Writing for Venture Beat, Tom Slater described how the funds could help create jobs in the manufacturing sector, as well as completing its primary goal of making lighting in the US more energy efficient.
A recent statement by the Department of Energy (DoE) revealed that the government hopes to cut electricity costs by one-third by 2030, with LED and organic LED technology potentially playing an important role.
Such forms of lighting have the potential to be up to ten times more energy efficient than older models, which is why the DoE has already selected 17 initiatives to support in the country.
These range from manufacturing companies to product development and research.
Mr Slater noted that the technology already exists, but it must now be incorporated into new products.
