Cree has received a matching $2.3 million U.S. Department of Energy grant to advance its research and development of light-emitting diode, or LED, lighting products. The agency said the $10.1 million in competitive, matching grants to five companies are for two-year projects that "will focus on achieving significant cost reductions while maintaining quality by improving manufacturing equipment, processes, or monitoring techniques." Greg Merritt, vice president for marketing with Durham, N.C.-based Cree, said Wednesday the company has been working with the DOE...