Philips to light up Madrid with thrifty LEDs

AMSTERDAM (Reuters) - Philips will supply Madrid with 225,000 new lights, switching to an energy-efficient system that will cut the Spanish capital's lighting bill by more than 40 percent, the company said on Friday. The Dutch lighting and medical equipment maker has done similar projects in Argentina, Sweden and the Netherlands, but Madrid will be the largest, it said. "This will be the biggest technological renewal ever seen in Madrid," Mayor Ana Botella said in a statement. ...