Rare earths, the Green Elements, play a key role in the expected growth of
many emerging “Green Energy” technologies. The next generation of wind and
hydro power turbines, batteries, motors to power electric vehicles, motors
for electric power steering, magnetic refrigeration, and fuel cells are
examples of applications that are expected to contribute significantly to
the quest for energy independence. Each one of these uses helps us decrease
greenhouse gas emissions, saves fuel, and improves the management of energy
throughout the supply chain.
One of the most common green applications of Rare Earth elements is their use in energy efficient lighting. Phosphors of Rare Earths are applied to the insides of the bulbs and generate light when energy is applied. These compact fluorescent lamps (CFL's) are replacing the standard incandescent light bulbs at a rapid rate.
Incandescence bulbs waste 95% of their energy and convert only 5% to actual
light. Contrast this to the CFL which converts 25% of input energy to
visible light via the Rare Earth phosphor coating. This efficiency results
in much lower lamp temperatures, significantly longer life (estimated at 6
to 10 times as long), and less total energy consumed, directly reducing
greenhouse gas emissions.
ENERGYSTAR reports that if every home in America replaced just one
incandescent light bulb with a qualified CFL then in one year that action would save enough energy to light more than 3 million homes. This would prevent the
release of greenhouse gas emissions equal to that of about 800,000 cars.
Countries around the globe are mandating the phase out of incandescent
bulbs. Australia led the way by announcing all bulbs must be replaced with
CFLs by 2010. The U.S. passed an energy bill that bans incandescent bulbs by
2014.
It is estimated that Rare Earth consumption in this application is growing
about 15-20% per year meaning additional supply will be necessary to support
this growth.
More information can be found on the ENERGYSTAR website at
http://www.energystar.gov/index.cfm?c=cfls.pr_cfls |