PLYMOUTH, ENGLAND — 1st September 2015 – Plessey announced today that the Regional Growth Fund (RGF) has officially granted £6.7 million towards the expansion of the Plessey LED manufacturing facility in Plymouth, England.
Solid state lighting forms a significant part of global efforts to reduce energy consumption and greenhouse gas emissions. According to a new market research report*, the solid state lighting market size is projected to reach $22.2 billion by 2020, growing at a compounded annual growth rate of 7.31% from 2015 to 2020. The market will be driven by high brightness LEDs delivering higher energy efficiency in all lighting applications.
According to a new report: ‘Lighting the Clean Revolution: The rise of LED street lighting and what it means for cities’, lighting is responsible for 19% of global electricity use and around 6% of global greenhouse gas emissions. Doubling lighting efficiency globally through LEDs would have a climate impact equivalent to eliminating half the emissions of all electricity and heat production in the EU. And, like many other energy-efficient technologies, efficient lighting will boost global prosperity. In the United Kingdom alone, cutting the energy used by lighting by 40% would save £6.5 billion in annual energy costs, and reduce energy demand equivalent to 33 mid-size power stations.
Chris Bailey, Plessey’s Finance Director, said, “We are very proud of our local heritage and the RGF funding will contribute to our expansion plans for the Plymouth facility. The expansion will bring additional well paid technical jobs to the site, and strengthen our long term future by providing the base for new lighting technologies and products to be manufactured in the UK. The project also aligns very well with national strategies, such as the Growth Review and it aims to increase and support manufacturing in the UK to make the UK Europe’s leading exporter of high value goods and services.”
Plessey will increase its manufacturing capacity from over 100 million square millimetres of Gallium Nitride material per year to more than 3 billion square millimetres. The facility modifications will take place during 2015, with additional manufacturing tools and supporting equipment coming on stream from 2015 through to 2017.
* Source: “Solid State Lighting & Fluorescent Lighting Market by Technology – Forecast to 2020”, published by MarketsandMarkets.
Photo credit: Plessey by Daniel Lynch Photography for www.madeherenow.com
Plessey
Plessey is a leading expert in the manufacture of semiconductor products used in sensing, measurement and controls applications, and is now at the forefront of the Solid State Lighting revolution. Its MaGIC™ (Manufactured on GaN-on-Si I/C) LED technology has won numerous awards for its innovation and ability to cut the cost of LED lighting by using standard silicon manufacturing techniques.By using its understanding of electronics and expertise in micro-electronic product design and manufacture, Plessey is radically enhancing the human experience with micro-electronics solutions such that people achieve more than they thought possible.
For further information and datasheets, please visit www.plesseysemiconductors.com or email enquiries@plesseysemi.com
About the Regional Growth Fund
The Regional Growth Fund (RGF) has supported eligible projects and programmes raising private sector investment to create economic growth and lasting employment. It has invested £2.85 billion to help businesses in England to grow; and is expected to create or safeguard over 580,000 jobs.
