MNTL Hilights report web (Apr. 2016) - Page 20

ILLINOIS LED PIONEERS RECEIVE MOST PRESTIGIOUS U.S. ENGINEERING AWARD ECE Professor Emeritus Nick Holonyak Jr. and two of his former students, George Craford and Russ Dupuis, were awarded the 2015 Charles Stark Draper Prize for Engineering. They shared the prize with Isamu Akasaki and Shuji Nakamura for the invention, development, and commercialization of materials and processes for light-emitting diodes (LEDs). LEDs are used by billions of people on a daily basis through applications like computer monitors, cellphone screens, TVs, traffic lights, home lighting, digital watch displays, medical applications, and many more. In third-world areas without electricity, LEDs combined with solar cells are bringing light to people who’d previously relied on fire and kerosene lamps. The $33 billion LED industry has stimulated global job growth and dramatically lowered the cost of energy. In 2012 alone, more than 49 million LEDs were installed in the U.S., with an estimated annual savings of $675 million in energy costs. In 2013, LEDs saw rapid growth in general lighting applications, reducing U.S. CO2 emissions by more than 12 million tons. LEDs also produce the greatest amount of light for the energy used, and have the longest lifetime of any lighting source available. 20