LEDs are interesting and promising because scientists can now produce wavelenghts throughout the visible spectrum as well as UV light with them. UV light could be used to kill microbes on objects or in water to prolong the life of food or make water safer to drink. Certainly UV light can be generated now (without LEDs), but LEDs make it possible to power these “lamps” with much lower voltages. This opens up the possibility of using solar power to run these devices. An interesting article I just read follows – this could improve the efficiency of these LEDs:
http://www.sciencedaily.com/releases/2007/03/070302082821.htm