LG plans to bring OLED technology into the commercial lighting sector, challenging existing LED bulbs with a range of new products in November that are capable of matching the performance of current options.
The firm’s LG Chem arm has created OLED panels that have an efficacy of 100 lumens per watt and a life of 40,000 hours that is far greater than the 60 lumens per watt that current OLED panels can achieve.
In comparison, fluorescent lights offer 100 lumens per watt and 20,000 hours of life and LED panels reach the same 100 lumens per watt level yet last for 50,000 hours.
One of the stumbling blocks for OLED panels is that the cost currently comes in at 10 times that of LED ones and LG Chem representatives have expressed a willingness to try and bring prices down.
"We think the significance is in being able to bring the efficacy up to LED standards. We expect unit costs to ultimately decrease by five-fold or more through ongoing developments,” read a statement, according to CNET.
OLED lighting panels are expected to see traction in North America and Europe thanks to consumers that want a more eco-friendly offering and thus the products are more likely to achieve success commercially.
LG already has over 50 lighting companies on board including Acuity Lighting.
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