In the insightful article titled “Lighting as a Service illuminates a path for corporate innovation” by GreenBiz, in the clean energy landscape, where low-cost, highly efficient clean energy technology is accompanied by novel business models.

This revolutionary approach can be witnessed across clean energy markets, be it emerging technologies like solar photovoltaics (PV) or well-established sectors like automobiles. The driving forces behind this transformation are solid economics intertwined with effective business models.

A prime instance is the concept of Lumens as a Service (LaaS), as discussed in a May report from RMI. The potential is vast; projected energy efficiency savings for buildings could exceed $1 trillion over a decade. The spotlight shines particularly bright on the lighting sector, which contributes around 10 percent of commercial electricity consumption, as reported by the U.S. Energy Information Administration in 2016.

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