LEDs are part of a family of lighting technologies called Solid-State lighting. This family also includes OLEDs (Organic Light Emitting Diodes). OLEDs (pronounced OH-leds) consist of sheets of carbon-based compounds that glow when a current is applied through transparent electrodes. While not yet market ready, OLEDs will function like a thin film on a wall or ceiling that illuminates a room. Like LEDs, OLED technology is advancing rapidly.

Solid-State lighting (SSL), most commonly seen in the form of Light Emitting Diodes (LEDs), has the potential to revolutionize the efficiency, appearance, and quality of lighting as we know it.

The U.S. Department of Energy estimates that rapid adoption of LED lighting in the U.S. by 2027 could;

• Deliver savings of about $265 billion.
• Avoid 40 new power plants.
• Reduce lighting electricity demand by 33% in 2027.