On Earth Day, Philips will release a $50 LED bulb that is the most energy efficient LED bulb in the 60-watt equivalent category.
Philips' 60-watt equivalent LED bulb, expected in stores next year, wins the L Prize for the most energy-efficient and long-lasting lighting product.
Company's L Prize LED bulb, which will go on sale on Earth Day for $50 online and in stores, brings a big jump in efficiency, life, and light quality.
Phillips has just released its most energy efficient lightbulb to date: the Phillips L Prize LED bulb. While the bulb was designed to last upwards of three decades, it has generated some controversy because of its $60 price tag. CNET's Kara Tsuboi reports.