EVEN YEHUDA, Israel, August 20,
2014 /PRNewswire/ --
Bluesphere Corp. (OTCBB: BLSP) (the "Company" or "Bluesphere"),
a clean energy company that develops, manages and owns
waste-to-energy projects, today announced it is pursuing a strategy
to work in partnership with landfill owners to convert harmful
methane gas emissions from landfills into electricity. The process
is based on readily available technology that is already being used
is various parts of the U.S. and other parts of the world.
When organic materials in landfills decompose, methane gas is
created. Traditionally, landfill owners have allowed methane gas to
seep into the atmosphere, contributing to global warming, or in
some cases, have burned the gas as a waste product. Methane can be
converted into energy by drilling pipes into the landfill. Through
these pipes methane is directed into a gas turbine or internal
combustion engine which converts the gas into electricity. The
electricity can either be used on-site or sold to the local
electric utility and fed into the grid.
Bluesphere CEO Shlomi Palas
commented, "A large number of the landfills in the U.S.,
particularly in the southeastern region, are not productively using
methane gas emitted from landfills. These landfills are the oil
fields of the future."
"We believe we can offer a very favorable partnership to current
landfill owners by providing the equipment, expertise, and power
purchase agreements to convert what is now an unused asset, methane
gas, into a revenue stream. We've been in talks with state
representatives looking to increase green energy production and
reduce methane emissions. They have invited and welcomed our
efforts to work with landfill owners in their jurisdictions on
methane-to-electricity conversions."
"This immediate market opportunity is another short term path to
additional revenue generation for Bluesphere," added Palas.
According to the Environmental Protection Agency (EPA) methane
is over 21 times more potent than carbon dioxide at trapping heat
in the atmosphere and landfills are the third largest man-made
source of methane in the U.S. The EPA already has an initiative in
place, the Landfill Methane Outreach Program, to promote the
conversion of landfill methane into energy. The White House, in its
latest action on climate change, is calling for a reduction in
methane gas emissions. As a part of this strategy, the government
is looking to potentially propose new landfill reduction laws to
support biogas.
Bluesphere's move to work in partnership with landfill owners is
designed to generate revenues for the landfill operator and for
Bluesphere, while also benefitting the environment by reducing
harmful methane gas emissions and generating clean, renewable
energy.
About Bluesphere Corporation
Bluesphere Corporation is a company in the cleantech sector as a
waste-to-energy project integrator. Bluesphere develops
waste-to-energy and other renewable energy projects. The Company
aspires to become a key player in the global waste-to-energy and
renewable energy markets. For further information please visit the
Company's website http://www.bluespherecorporate.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934 and as that term is
defined in the Private Litigation Reform Act of 1995, which are
subject to risks and uncertainties and may change at any time.
These statements are only predictions and involve known and unknown
risks, uncertainties and other factors including, without
limitation, (i) uncertainties regarding our ability to obtain
adequate financing on a timely basis including financing for
specific projects, (ii) the financial and operating performance of
our projects after commissioning, (iii) uncertainties regarding the
market for and value of carbon credits and other environmental
attributes, (iv) political and governmental risks associated with
the countries in which we operate, (v) unanticipated delays
associated with project implementation including designing,
constructing and equipping projects, as well as delays in obtaining
required government permits and approvals, (vi) the development
stage of our business and (vii) our lack of operating history. As
such, there is no assurance that the initiatives described in the
press release will be successfully implemented or meet
expectations.
The Company assumes no obligation to update the information
in this release.
For further information please contact Mark Radom at +972-52-798-0831 or
info@bluespherecorporate.com.
SOURCE Bluesphere Corp.