EVEN YEHUDA, Israel, August 7,
2014 /PRNewswire/ --
Bluesphere Corp. (OTCBB: BLSP) (the "Company" or "Bluesphere"),
a clean energy company that develops, manages and owns
waste-to-energy projects, announced today a newly published report
authored by three U.S. government agencies outlines new federal
initiatives to support exponential growth in the private biogas
waste-to-energy sector. The Biogas Opportunities Roadmap,
published August 1st by
the U.S. Department of Agriculture, U.S. Environmental Protection
Agency, and U.S. Department of Energy concluded that:
- Developing a viable biogas industry in the U.S. can boost the
economy and provide a reliable, distributed source of renewable
energy while reducing greenhouse gas emissions
- 2,000 biogas sites operate in the U.S. today, and more than
11,000 additional biogas systems could be deployed to handle
organic waste and produce energy and biogas system co-products
- Realizing the full potential of the biogas industry will
require support from federal agencies, greater investment, expanded
markets for biogas and biogas products, and increased R&D
- The benefits of biogas systems are clear. The task ahead is to
reduce barriers and promote financial opportunities to move forward
in developing a robust biogas industry
In the Biogas Opportunities Roadmap, the federal agencies
identify programs that will promote biogas utilization and help the
private sector voluntarily realize the full potential of biogas
systems. These programs include:
- Using existing agency programs to leverage over $10 million in research funding
- Fostering investments in biogas systems including reviewing
government procurement programs for products of biogas systems
- Strengthening markets for biogas systems and system products
including by modernizing existing Federal incentives
- Improving communication and coordination by establishing a
Biogas Opportunities Roadmap Working Group that will include
participation from DOE and EPA, as well as the dairy and biogas
industries
"The potential for biogas to increase renewable energy
production, reduce landfill waste, benefit the environment, and
spur economic growth in the U.S. is significant. We are very
pleased to see the U.S. government publish a report that outlines
these benefits and opportunities. Bluesphere is actively working in
several U.S. states to develop biogas facilities. We have brought
our global expertise in building and operating waste-to-energy
facilities to the U.S. market and we're finding very strong
interest in the value proposition we have to offer. We are eager to
expand our operations in the U.S. in conjunction with some major
partners and to capitalize on biogas opportunities," stated
Bluesphere CEO Shlomi Palas.
Bluesphere has begun design and engineering work, and is
scheduled to break ground in 2014 on a 5.2 MW waste-to-energy
anaerobic digester in Charlotte, North
Carolina. The Company is also developing in a 3.2 MW
waste-to-energy project in Rhode
Island and has a Memorandum of Understanding to develop a
5.2 MW waste-to-energy project in Massachusetts.
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.