Directs the Secretary of Energy to: (1) establish the Next Generation Lighting Initiative Planning Board to study development and implementation strategies for such diodes; (2) solicit establishment of a Next Generation Lighting Initiative Consortium to initiate and manage basic and manufacturing related research contracts on such diodes; and (3) make grants for research, development, and demonstration projects related to those diodes.
States that consortium members shall have royalty-free nonexclusive rights to use intellectual property derived from consortium research conducted under this Act.