Illustration 60886103 / Kheng Ho To / Dreamstime
Photo 226496518 / Mohd Izzuan Ros / Dreamstime
Illustration_60886103 / Kheng Ho To / Dreamstime
Illustration 60886103 / Kheng Ho To / Dreamstime
Illustration 60886103 Kheng / Ho To / DreamsTime

Leasing your lighting? Cree’s Swoboda says it’s already happening

Sept. 23, 2014
Interesting article about Cree Inc., Durham, N.C., at www.xconomy.com in which Chuck Swoboda, the company’s CEO says Cree could also get in the business of leasing light to customers.

Interesting article about Cree Inc., Durham, N.C., at www.xconomy.com in which Chuck Swoboda, the company’s CEO says Cree could also get in the business of leasing light to customers:

"“In this “lighting-as-a-service” model, a company owns and operates the lighting fixtures. Customers, such as businesses or cities, lease light as needed from the fixture operator. Swoboda says these capabilities come from the fact that what people think of as a light bulb now actually represents very sophisticated technology. “It’s not a light bulb, it’s an electronic device,” Swoboda says."