Yes. There are several types of modern lamps containing mercury or halogen gases that work on a similar principle to the old carbon arc lights. In a similar way, a voltage is applied to two electrodes which results in a breakdown of the gases between the electrodes and a bright light from the discharge. This arrangement is more efficient in terms of applied voltage and brightness generated than the old carbon arc lights. One of the earliest uses of such a lighting system was at the new Dungeness lighthouse in Kent, England.