$CREE Retrofits NASA Headquarters

You will see more of these projects over the next twelve months as smart businesses evaluate their energy consumption and the investments that can reduce their expenses:

DURHAM, N.C.–(BUSINESS WIRE)–

The National Aeronautics and Space Administration (NASA) headquarters, a  leased facility in Washington, D.C., has been outfitted with  energy-saving CR Series LED Troffers by Cree, Inc. (CREE). The  high-performance LED installation is part of a renovation to maximize  energy savings of the 600,000 square-foot building. More than 1,300 Cree  CR22™ architectural LED troffers have been installed, and Piedmont  Office Realty Trust, owners of the NASA headquarters building, expects  the new fixtures to deliver energy savings of 52 percent over the  previously installed T8 fluorescent fixtures. An additional 5,200 Cree^®CR22 troffers are planned to complete the lighting upgrade.

“We originally considered replacing the existing T8 fluorescent tubes  with T5 fluorescents, but after testing Cree’s…(continue reading)

Shares of CREE are up over three percent on the news while smaller player RVLT is up over twenty percent.  FD: I am long both names.

Retrofits is the name of the game.  Can RVLT harvest all the low hanging fruit accross the United States?  Indeud, they can and will.