Page 33 - Respond 2016 Magazine

rtcc respond

Light as a Service - Around the clock

On financing we essentially need to leverage the
lower cost over lifetime of the building to take
away the renovation budget hurdle. It is amazing
to hear from cities and companies that they have
projects but no money, and from banks that they
have money but no projects. In other words, if
we want to finance change, we need to change
finance.

Here we are greatly helped by the fact that LED
lighting is getting smarter and connected, as it
allows us to move to new business models. Instead
of invoicing boxes with lamps, we can now lease
lighting as a service in larger projects. I believe
LED lighting is just one part of the broad transition
to more circular, more economical business models.

In this sense, energy efficiency is not just our
business; it is everybody’s business. A transition to
LED would save some Euro 272 billion in energy
costs, equivalent to a reduction of 1,400 megatons
in carbon emissions or shutting down 1,250 power
plants. At household level, energy bills would fall
by one-third. This is possible now. A new world
order of low carbon growth. An opportunity – for Philips LED horticultural lighting and LED software enables
people and planet – that we cannot afford to miss. growers to change light recipes to suit different crops.

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