Welcome To Blue Sphere Corporation
Blue Sphere (NASDAQ: BLSP) is an international company which develops, manages and owns waste-to-energy projects, thereby solving two major global problems:
Energy shortage - Blue Sphere generates electricity from biogas derived from organic waste, signing long-term PPAs (Power Purchase Agreements) with leading electric companies prior to initiating the projects.
Ecological damage - Preventing environmental problems, Blue Sphere produces clean energy by eliminating waste and by converting the harmful biogas methane (CH4) into carbon dioxide.
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Blue Sphere (NASDAQ: BLSP) is an international project integrator and producer of clean energy that provides overall supervision and control over our projects' activities. Blue Sphere's main business model is BOO (Build-Own-Operate), in which long-term energy agreements are executed with electric companies in advance of projects, thereby solving endless waste and ecological problems and meeting the endless demand for electricity.
- Organic waste in the USA contains enough energy to supply a substantial part of the USA'S energy demand. These millions of tons of organic waste are the "oil" fields of the 21st century.
However, as opposed to fossil energy which diminishes and gets more and more expensive and will soon disappear, organic waste is here to stay as long as there are human beings on the plant.
Blue Sphere produces electricity from biogas derived from this organic waste. The electricity is sold to electricity corporations under long-time agreements.
Methane (CH4), emitted from organic waste, is a major negative contributor to global warming and climate change. Blue Sphere converts this harmful gas into inert gas, thus making a major contribution to preventing global warming and climate change.
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Blue Sphere was incorporated in Nevada, USA, in March 2010. In addition to working with global EPC (Engineering Procurement Construction) companies and equipment suppliers, e.g. GE Jenbacher (a GE (NYSE: GE) company), Caterpillar (NYSE: CAT) and Biogas Nord (see BINO Sphere below), the company has set up several subsidiaries, including:
- BINO Sphere in the USA, which is a JV (Joint Venture) with Biogas Nord (Frankfurt Stock Exchange: BG8), which holds 25% of the JV (Blue Sphere holds 75%). Biogas Nord has built over 370 biogas plants in 13 countries, including in the USA. In 2011, Biogas Nord had a turnover of 78.9 million Euros. Biogas Nord will provide performance guarantees for the output of our waste-to-energy projects that are backed by the world's leading international insurance companies.
Pure Sphere in Ghana, which is a 50-50% partnership with Bpure, an Israeli environmental EPC that also invested in Pure Sphere. The carbon credits of up to 9 projects have already been sold through to 2020 to Vattenfall, Sweden's largest utility and one of Europe's largest producers of heat and power.
What We Do...
- We setup, own and manage the project, i.e. BOO (Build-Own-Operate).
We sign a PPA (Power Purchase Agreement) with an electricity company or other off-taker.
We choose the best technology available and sign an EPC (Engineering Procurement Construction) agreement for a turnkey commissioning of the project.
We sign supply agreements with feedstock suppliers.
We provide financing, debt and equity.
We choose a site in an area where feedstock is easily available and where electricity grid connection is nearby.
We apply and receive all regulatory permits to erect the plant and process the waste
AUTHORIZED SHARES 1,750,000,000
OUTSTANDING SHARES 261,776,552 AS OF SEPTEMBER 16, 2016 PER PROSPECTUS
RESTRICTED SHARES NOT REPORTED MANAGEMENT HASN'T UPDATE OTC MARKETS
UNRESTRICTED SHARES NOT REPORTED MANAGEMENT HASN'T UPDATE OTC MARKETS
FLOAT 34,683,397 LAST REPORTED 12/29/2014 <<<< WHY? MANAGEMENT HASN'T UPDATE OTC MARKETS