WWF Climate Solver award winner GIBSS, a market leader in innovative building systems and clean technologies, has launched its LED lamp series for residential consumers. The residential LED lighting product line is set to replace traditional technologies such as CFLs, incandescent bulbs and will offer energy savings of up to 80%. GIBSS has unveiled several innovations in the building systems space that help building owners reduce their operating costs by 50-80%. In 2012, GIBSS launched geothermal air conditioning in India. The technology has realized enthusiastic reviews from building owners and industry experts in India since it offers 60% reduction in air conditioning expenses and eliminates the requirement of water and chemical consumption for air conditioning in commercial buildings. The other innovation that has seen good adoption is the hot water co-generation system that replaces energy guzzling geysers and boilers. The technology slashes the electricity/diesel bills for heating water by about 80%. GIBSS is one of the largest and oldest players in LED lighting space in India and has offered its solutions to more than 85 commercial buildings across India
