Signify (formerly Philips Lighting) has called on leaders and businesses to accelerate the transition to energy-efficient connected LED lighting to help households and businesses mitigate the energy crisis.
Signify argues that the switch to LED lighting would help the millions of families pushed into fuel poverty due to the recent surge in energy prices by saving each household up to £250 per year. The move would also benefit businesses and could deliver a quick win for the UK’s net-zero ambitions.
With the recent change in price cap introduced in April 2022, millions of households have been pushed into fuel poverty and several businesses are now facing added volatility due to its impact. Earlier this week, for example, it was reported that the automotive industry is facing a 50 per cent hike in energy costs this year.
In response to the energy price squeeze, Signify – a long-established name in lighting – is advocating an accelerated transition to energy-efficient connected LED lighting. With energy prices around the globe reaching all-time highs and global emissions rising at unprecedented levels, the company said it is now more urgent than ever that businesses lead by example and take immediate action to tackle climate change.
Source: E&T – Engineering & Technology