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Bluesphere to Convert Methane Gas Emissions From Landfills into Clean Energy

August 20, 2014

Tapping into ‘oil fields of the future’ is near term revenue opportunity for Bluesphere and helps meet White House’s environmental goal for reduction in methane emissions

EVEN YEHUDA, Israel, August 20, 2014 /PRNewswire/ –

Bluesphere Corp. [http://www.bluespherecorporate.com ] (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
[http://www.epa.gov/lmop/documents/pdfs/overview.pdf ]) 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
[http://www.whitehouse.gov/blog/2014/03/28/strategy-cut-methane-emissions ], 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.


Source: PR Newswire



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