Re: Efficiency of Luxeons v. other lights
If the goal is the production of _white_ light, then there really is no good reason to switch from a 300W halogen to LEDs.
Halogen lamps get more efficient as they go to higher wattages, whereas for LEDs you need lots and lots of heat sinking as you go to higher wattages. The net result is that I'd expect the 300W halogen to be _more_ efficient than the LEDs.
If you really want efficiency for white light production at these scales, then go with metal halide or fluorescent lamps.
But there are aspects of lighting other than efficiency of white light production that make halogen attractive, and these might make LEDs potentially useful.
One of these is operating large halogen lamps at low power levels to get 'mood'. People will regularly turn their big halogen lamp down to 1/4 brightness or less to get just the right 'mood'. The problem is that for a halogen to put out 1/4 brightness, it needs to consume 1/2 power; in other words for 50% power you get 25% output at half the efficiency.
If you do this lots of the time, then perhaps a mix of colored LEDs selected to produce the same 'mood' effect might be much more effective, and efficient, especially when you consider that the red and orange LEDs are about twice as efficient as 'white' LEDs.
Another thing to do, if you specifically want the desirable spectral characteristics of the halogen lamp, is to look for Infra-Red Recovery halogen lamps, which use an IR reflective coating on the inside of the envelope, to reflect some of the IR back to the filament. These are about 25% more efficient than standard halogen lamps. I know that GE makes such lamps for 300W halogen.
-Jon
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