The battle between CFL and LED bulbs may finally be over thanks to researchers at Cambridge University who have developed a $3 LED bulb that lasts for 60 years. The bulb, which is smaller than a penny, is 12 times more efficient than tungsten bulbs and three times more efficient than fluorescent bulbs.

Cambridge’s new 100,000 hour, mercury-free LED bulb uses a man-made semiconductor called gallium nitride that is grown on a cheap silicon wafer. Previously, gallium nitride has only been grown on pricey sapphire wafers.

According to researchers working on the project, the first low-cost LED bulbs could be in stores as early as 2011.

Full Story: Cleantechnica

(Thanks Appropedia)