Date of publication: 03 November 2016

Philips Lighting was formed in May 2016 when Royal Philips Electronics' lighting department IPO'd on the Amsterdam Stock Exchange. Under the leadership of its CEO Eric Rondolat they aim to 'reinvent' the lighting industry - both by innovating their products, by pushing beyond LED lighting and towards smart, connected lights; and by innovating their business model by offering light as a 'pay-per-lux' service. Given the energy intensity of the lighting industry, few innovations have the potential to make such exponential progress towards a sustainable energy future.

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