Induction lighting uses high-frequency ballasts which are typically 95% efficient or better, and they have a high lumen/watt output as well. They usually find use in wide-area lighting such as with parking lots and gyms. For example, Bishop McGuinness High School in Kernersville, N.C. recently replaced 42 400-W metal halide fixtures in the school's gymnasium with 24 energy-efficient, EverLast 400-W induction high bay fixtures. EverLast says the school created a hypothetical 10-year operational cost chart to figure out how much would be saved with the new lights. The annual operating cost for one 400-W metal halide fixture turned out to be $478, compared to $231 to operate one EverLast 400-W induction fixture.
EverLast says its induction lamps are 50% more efficienct than metal halides. In the case of McGuinness High School, induction bulbs should last approximately 10 years and it took only about half as many fixtures to light the gymnasium as with the old metal halide units.
EverLast Induction Lighting subsidieary, Full Spectrum Solutions Inc.:
http://www.everlastlight.com/
More info: Wikipedia page on induction lighting: http://en.wikipedia.org/wiki/Induction_lighting