CHARLOTTE, N.C., Nov. 30, 2016
CHARLOTTE, N.C., Nov. 30, 2016 /PRNewswire/ -- Blue Sphere Corporation - (OTCQB: BLSP) (the "Company" or "Blue Sphere"), an international Independent Power Producer (IPP) that is globally active in the clean energy production and waste to energy markets, provided a project update today for the waste-to-energy facility it has developed and is currently under construction in Johnston, Rhode Island.
The Company has been developing a 3.2MW Anaerobic Digestion biogas facility that will sell electricity to National Grid under a fifteen-year power purchase agreement. Our EPC contractor, Auspark LLC, (the US subsidiary of Austep Group, the EPC we are working with in Europe) issued an update stating that the plant is going through the phases needed to bring the facility to the testing and commissioning phase. During the few last weeks, the Auspark team of engineers and subcontractors have been completing key elements of construction while preparing the facility for testing, commissioning and, ultimately, the commencement of operating activities. The Auspark update stated that the facilities' Weighting Station has been installed and connected; the large Reception Building has been equipped with the Austep proprietary patented Pretreatment Equipment; the primary construction of the Biopulper; Hot Digesters and Cold Digester are all complete; the installation of the Membrane for the Gas Holder is complete; the assembly of the piping circuits necessary for the Heat Exchangers is complete; the Biogas Line is complete; the construction of the Safety Torches is complete; and the Parasitic Load connection is scheduled for December 1, 2016 and the Cold Commissioning of the CHP's will begin shortly thereafter.
"We are very excited for the Rhode Island facility to be entering into this phase of development especially with winter about to arrive in the northeastern United States. We have been working very hard with all of our partners including the Austep Group to see this facility take shape and we further look forward to the day when we see this amazing asset become fully operational." said Shlomi Palas, the Company's CEO.
About Austep, S.p.A.
Austep is a group of companies with twenty-one years of global engineering, procurement and construction (EPC) experience headquartered in Milan, Italy. Austep Group specializes in waste-to energy solutions with specific expertise in municipal and food waste, as well as water treatment solutions. Austep Group is offering the design, construction, implementation and operating of biogas facilities worldwide. Austep Group operates in ten countries and has built nearly two hundred and fifty facilities around the globe.
About Blue Sphere Corporation
Blue Sphere Corporation is a diversified independent power producer that develops, owns, and operates clean-tech, waste-to-energy facilities in the United States and abroad. The company primarily converts organic waste into electricity, but also has the ability to generate heat, natural gas and organic byproducts through various technologies.
Blue Sphere facilities eliminate waste that would normally be disposed in landfills, reduce greenhouse gas emissions and protect water quality, helping to solve important global environmental issues. Blue Sphere is headquartered in Charlotte, North Carolina and has operations in the United States and Europe. For further information about Blue Sphere, please visit the Company's website: www.bluespherecorporate.com.
This press release contains certain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties and may change at any time. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding general economic and market conditions, (ii) uncertainties regarding changes in the Clean tech sector, (iii) uncertainties regarding implementation of the Company's business strategy, and (iv) other risk factors as outlined in the Company's periodic reports, as filed with the U.S. Securities and Exchange Commission. As such, there is no assurance that the initiatives described in this press release will be successfully implemented or meet expectations. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events.
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SOURCE Blue Sphere Corporation