What is the basic audit calculation formula that was shown in the first presentation?
Peter: The formula is shown here with example values. For more information, please refer to Slide #9 of Peter Brown’s presentation (PDF). What does the acronym RE stand for? Dan: The acronym RE is defined as Rare Earth. What will be the impact of LED lighting on Educational and Commercial lighting? Dan: LEDs are a new type of light source, basically a computer chip that produces light. Their current rating is 40-50 lumens per watt, significantly lower than typical fluorescent lamps, but with projected ratings of up to 200 lumens per watt expected by the year 2020. Hundreds of new products will be available: colored applications, general applications, adjustable color lighting, flexible products, high-end design. Right now, these tend to be expensive. The technology is evolving rapidly with many niche applications. LEDs are very directional, easy to control, don’t emit heat into space, very small (can be built into appliances, architectural features and products), and long lasting (appr
