Published in: 2011 - A Review of Cleantech Equity Deals, January 2012
Merger and acquisition activity in the LED space during 2011 included the purchase of Ruud by Cree. An interesting feature was the M&A activity by a VC-backed company, Ireland’s Nualight, which targets the niche market for LEDs in supermarkets. Nualight, already something of a success story in the LED space, acquired Lumoluce with funding supplied by its own VC backers.
Elsewhere, VC attention remained on niche LED applications during the year. Bridgelux continued to raise funds, as did Lunera Lighting. And GE focused on the LED space, participating in a fundraising for LED cooling specialist Nuventix, as part of the EcoImagination investment.
First published in Cleantech magazine 2011 Issue 3. Copyright Cleantech Investor Ltd
Denis Gross of Cleantech magazine was the guest of Nualight, the Irish LED company, and Enterprise Ireland on a tour of cleantech companies in Ireland.
Behind the headline news of property and banking woes from Ireland, there are signs of a strong performance in technological innovation and export.
Exports account for 80% of GDP, and are still growing robustly in value (7% in 2010 for indigenous companies) despite the tough economy.
New kinds of LED lighting technology are invading retail stores with a dual purpose: saving energy and luring shoppers. And as old-style incandescent bulbs are being phased out by the US government, the race for a replacement is on between LEDs and compact fluorescents.
First published in Cleantech magazine, July/August 2010. Copyright Cleantech Investor Ltd
OSRAM chose London’s Design Museum as the venue for a presentation on the future of solid state lighting technology. Meanwhile, OSRAM LEDs were lighting up the World Cup games in South Africa.
By Anne McIvor
Solar light emitting diode (LED) producer, D Light Design, was a winner at the Ashden Awards for Sustainable Energy for 2010. While D Light Design is providing light for villagers in remote parts of Africa, LED technology was also behind much of the lighting for the FIFA World Cup 2010 in South Africa.
OSRAM developed ‘LED Beams’, in conjunction with local manufacturer BEKA, to light the ‘Durban Arc’ spanning the Durban stadium. The company’s ‘Golden Dragon Plus’ LEDs – 12,000 in total – combine to form the 350 metre Durban Arc, an icon for the potential for LED lighting technology.