Charlotte, NC -- (SBWIRE) -- 12/15/2016 -- Blue Sphere Corporation (the "Company" or "Blue Sphere"), a clean-tech independent power producer that develops, owns and manages waste-to-energy facilities globally, announced today that on December 8, 2016, the Netherlands Enterprise Agency awarded the Company's wholly owned subsidiary, Bluesphere Brabent B.V., a grant (the "Grant") to sell renewable gas on a per MWg basis to Rijksdienst voor Ondernemend Nederland ("RVO") under the Renewable Energy Production Incentive Scheme or "SDE". The Grant provides for the sale of up to 234,466.589 MWh per year, for a maximum total value of the Grant equal to up to 151,934,350 (approximately $161,642,955) to be paid over twelve (12) years commencing on the date the proposed facility begins production.

The Grant relates to the Company's new construction plans for a waste-to-energy Anaerobic Digester Plant in Sterksel, Netherlands, which is currently in the development stage. This Grant can be similarly compared to Renewable Energy Contracts or "REC's" in the United States. The primary difference between the SDE and REC is that the SDE is paid directly to the Company by a governmental agency, in this case the Netherlands Enterprise Agency. The Grant is conditioned on several factors, including, but not limited to, the Company choosing an EPC for the construction of the plant within one year of the Grant being awarded and the facility must begin production within four years of the Grant being awarded.

In addition to potential revenues generated by the new facility under the SDE, the Company also plans to sell natural gas directly to end users. This project is located in Brabant, a region in Holland where innovation, enterprise and partnership go hand-in-hand. Global companies such as Abbot, GE Healthcare, Aspen Pharma, Amgen, Janssen and Merck have established operations in the region. The Company believes that this region has great potential for the sale of natural gas to industrial and retail customers.

Receiving the SDE Grant from the Netherlands Enterprise Agency is a major milestone in the development of the proposed Sterksel biogas facility. Blue Sphere has been working with EPC contractors and will now focus on finalizing an agreement with the EPC partner. The Company also has been working on completing the permitting process for the project and has identified Feedstock Suppliers. Additionally, the Company will now work on finalizing the Feedstock Agreements as well as arranging for project finance solutions to allow it to begin construction. Once financing is in place, the construction of this facility can take between twelve to eighteen months to complete.

Shlomi Palas, the Company's CEO, commented, "We are very excited to have won this important Grant from the Netherlands Enterprise Agency. This is a key step in the execution of developing this project and we also believe that this is a key catalyst for moving forward with other waste-to-energy projects in the Netherlands. The entire Blue Sphere team has been working very hard over the last year to bring our development pipeline to the next stage. This Grant is a perfect example of our focus on developing assets with long term revenue agreements in place prior to construction or acquisition."

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: http://www.bluespherecorporate.com

Forward-Looking Statements
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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Charlotte, NC -- (SBWIRE) -- 12/02/2016 -- Blue Sphere Corporation - (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: http://www.bluespherecorporate.com

Forward-Looking Statements
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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Charlotte, NC -- (SBWIRE) -- 08/26/2016 -- Blue Sphere Corporation(the "Company", "Blue Sphere", "we", "our" or "us"), a clean-tech independent power producer that develops, owns and manages alternative energy facilities globally, announced today that the waste-to-energy facility under construction in Charlotte, North Carolina is nearing completion.

In 2014, the Company entered into a joint venture to develop, construct and operate a biogas facility in Charlotte, North Carolina, under the management of a third party. In recent weeks, the joint venture's EPC contractor, Auspark LLC, issued a report stating that the facility is currently going through the testing phases needed for commissioning the CHPs (engines) and a team of experienced engineers arrived from Italy to "White Test" the equipment and the components necessary for the facility to start generating electricity.

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The "White Test" is performed without feeding any waste into the system to ensure that the respective components are properly operating, receiving electricity and connected to the controlling system. The "White Test" process is designed to test all of the components of the facility.

"We are very excited for the Charlotte facility to be entering its final stages of development. We look forward to seeing this amazing facility become operational. We will release a similar update about our Rhode Island facility as well as other updates shortly," said Shlomi Palas, the Company's CEO.

About Blue Sphere Corporation
Blue Sphere Corporation operates in the fast growing clean-tech sector as a waste-to-energy project integrator. Blue Sphere 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 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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Charlotte, NC -- (SBWIRE) -- 08/12/2016 -- Blue Sphere Corporation (the "Company", "Blue Sphere", "we", "our" or "us"), a clean-tech independent power producer that develops, manages and owns waste-to-energy facilities, released today a letter to its shareholders from the Company's Chief Executive Officer, reviewing developments at the Company and outlining certain results that appear in its recently filed 10-Q.

Dear Fellow Shareholders,

I am pleased to update you on the ongoing progress at Blue Sphere. Our Company is operating at an unprecedented pace, functioning within various levels of our development cycles. As environmental and regulatory concerns continue to make Blue Sphere's assets, experience and business model more relevant than ever, we are, needless to say, very busy. To start off our update, we thought it would be helpful to our shareholders to provide a description of our development process as well as an update of our activities.

Development Cycle

A common question that we get from shareholders and other parties interested in Blue Sphere is for a simple explanation of our development process. Blue Sphere functions with two different project cycles – New Developments and Acquisitions. The New Development project cycle is typically broken into four phases.

We call the first phase Pre-Development. In this phase, the Company's business development team is evaluating project opportunities that may come from various sources, including other developers, utility companies, strategic partners and land owners. In this phase, the Company is investing in site research, preliminary feedstock parameters, preliminary availability for offtake agreements and regulatory issues surrounding a particular location.

In the second phase, the Development Phase, Blue Sphere deploys capital and commits to projects. The first part of this phase generally includes the issuance of term-sheets or letters of intent for the development of assets. Blue Sphere begins the formal, in-depth due-diligence process to further these projects. Once due diligence is complete, the Company begins to assemble the various elements of the project by selecting technology, commissioning engineering studies, creating development plans, engaging EPC operators, commencing environmental studies and permitting, negotiating feedstock and power purchase agreements, and securing project financing. The Development Phase can take well over a year depending on the project size and complexity.

The third phase, the Construction Phase, takes us through a financial closing with our project finance partners, the property is officially purchased or leased and a ground breaking occurs. After this site prep begins, we order materials and equipment and construction begins. Over the next year or longer, skilled technicians, laborers and managers build an advanced power plant that turns various forms of harmful waste into useful clean energy.

In the fourth and final phase, the Operating Phase, the power plant can begin to accept waste materials and connect to electrical and gas grids or directly to a large end user. Once the connection is in place, the plant is fully operational. Management now will keep up with feedstock intake, equipment monitoring and maintenance.

The Acquisition project cycle is essentially the same as the New Development cycle, except there is no Construction Phase. When Blue Sphere is evaluating acquisitions, the Company typically looks for fully constructed and operating facilities where no construction is required.

If we have not made it apparent to any of our shareholders, we would like to point out that the development cycle described above is dramatically oversimplified. There are many complex and detailed elements in a project cycle that require the dedication and expertise of the entire Blue Sphere management team to bring a project to successful completion.

Current Projects

U.S. Projects

In the United States, as previously reported, we are nearing completion of our North Carolina and Rhode Island biogas projects. These projects are in the "home stretch" of their construction phase and are now approximately 95% complete. Work has even begun on the more cosmetic elements of the construction phase. We look forward to announcing successful interconnections to the electrical grid at each facility once the remaining construction has been completed. Blue Sphere owns 25% of the 5.2 megawatt North Carolina project and 22.75% of the 3.2 megawatt Rhode Island project. In addition to any dividend participation from these facilities once they come online, we expect to receive the remainder of a one-time milestone payment under our development contract of nearly $2.3 million of which 100% will go to Blue Sphere. To date, the Company has received $4.5 million in milestone payments.

Italian Projects

In Italy, as previously reported, Blue Sphere is the 100% owner of four biogas facilities that are fully operational and collectively producing approximately 4 megawatts of electricity. These assets also have long-term power purchase agreements (PPAs) with the state-owned electrical authority, Gestore del Servizi Energetici (GSE). These facilities are operating as expected and we are very happy with their performance. As the acquisition costs of these projects are retired, the long-term value of our predictive revenue model will become more apparent.

Pipeline

As a developer and operator of waste-to-energy facilities, a robust pipeline of opportunities is critical to our success. We have been fortunate in our ability to attract the attention of various industry players who are working with Blue Sphere to keep our opportunity pipeline completely full. The Blue Sphere management team is proceeding in a disciplined manner and insisting on IRR's that range from 15% to 25% or higher for development projects. In addition to the projects listed below, our pipeline includes projects at earlier stages.

United States

In the United States, we have a robust pipeline of over 10 megawatts emphasizing greenfield development. These developments are similar to our Rhode Island and North Carolina projects.

We recently signed a letter of intent to acquire a site in Wallace, North Carolina, where we intend to develop an Anaerobic Digester plant to help solve the pressing environmental problem of disposing of swine effluent. This issue has become a leading problem for hog farmers around the country, and in North Carolina, legislation has been passed requiring energy be produced from such waste. In addition to the site in Wallace, North Carolina, the Company is developing two additional sites in other areas of North Carolina where we intend to introduce this technology. This represents a tremendous opportunity for Blue Sphere to bring advanced technologies from Europe to the United States to help fulfill this increasing demand. We expect to have announcements regarding these developments later in 2016.

We are also very excited about the growing opportunity of converting coal fired energy plants into clean energy biomass facilities. Since 2012, there have been over 300 coal plant closures in the United States for various reasons, including environmental issues. The conversion of coal fired plants into clean energy biomass plants is environmentally significant and an economic opportunity for Blue Sphere. Converting a coal fired energy plant into a clean energy biomass plant costs up to six times less than constructing a new biomass plant. Blue Sphere is exploring coal plant conversions in various part of the United States and is in the pre-development stage of one such facility located in Illinois. As these projects progress, we will make an announcement outlining in more detail to opportunity at hand.

Italy

In Italy, as previously announced, we anticipate making acquisitions of additional operating facilities, each around 1 megawatt in size, under similar terms to the four we already own, including guaranteed EBITDA arrangements and outsourced plant management. We have signed letters of intent or term sheets for three facilities; one in the Cortona region, one in the Lombardy Region and one in the Molise region. Each acquisition has in place long term PPA agreements with the state-owned electrical authority, Gestore del Servizi Energetici (GSE). We are currently evaluating over 40 other opportunities in Italy at various stages of development.

Holland

In the Netherlands, our third focus market, we previously announced that we entered into a letter of intent to develop a $24 million waste-to-energy facility in the Brabant province. Assuming we close the financing for this project, the development has an estimated construction time of 12 months and forecasted annual EBITDA of $4 million once operational.

We have been active in the Netherlands for two years and have several other project developments that we are advancing, including a project where the Company has entered into a non-binding letter of intent to develop a waste-to-energy facility near Odiliapeel. The proposal is to develop a 2.7MW Anaerobic Digestion facility on the site of an existing manure fertilizer plant. The energy produced for the Blue Sphere anaerobic digester would be used to power the fertilizer plant.

Blue Sphere shall receive a preferred return equal to a 25% IRR prior to any other distributions to any other shareholders.

The proposed facility has already been granted a 12 year SDE subsidy for approximately €39.5 million. The SDE+ is an operating (feed-in-tariff) subsidy. Producers receive a guaranteed payment (subsidy) for the energy they generate from renewable sources (as opposed to funding for any equipment or services they need to make this production possible, as in the case of an investment subsidy). The contemplated facility would take approximately twelve months to build, post development phase.

United Kingdom

Blue Sphere recently signed a letter of intent with a British developer to complete four projects in the United Kingdom, which, if completed, are projected to collectively generate 43MW of electricity and 56MW of heat. Each project will use pyrolysis as the waste-to-energy technology. The feedstock for two of the plants will be municipal solid waste, which will be provided by the operator of a separation and recycling plant, and the other two plants will use shredded tire waste, which will be sourced from five different suppliers. These projects already have certain permits and an EPC contract in place, as well as power purchase agreements with national utilities, including Northern Power Grid. We will provide further updates about this project at a later date if and when the project advances.

We have no certainty that any of the projects in our pipeline will come to fruition and delays in our industry are all too common, but we are pleased with the opportunities before us and optimistic that we will have additional progress to share in the months ahead.

Recent Financial Information

We thought it would be helpful to clarify certain items on our balance sheet of June 30, 2016, the most recent reported.

We want to point out that the current liability on our balance sheet of approximately $10.4 million in deferred revenues from joint ventures will be eliminated when our Rhode Island and North Carolina projects reach development completion. Once this occurs, the shareholder deficiency on our balance sheet will be eliminated.

The total number of shares issued and outstanding including shares issued in the subsequent events section of the June 30, 2016 10-Q is 261,376,552. The total number of Warrants outstanding is 57,302,668 with an average exercise price of $0.0928. The total number of Options outstanding is 778,761 with an average exercise price of $0.576.

Concluding Thoughts

I continue to be very proud of Blue Sphere's current portfolio of assets. We are proactively meeting with investors and presenting at investor conferences to help introduce the Company's success and potential to a wider audience. As the CEO of the Company, I firmly believe that Blue Sphere is much more than the current undervalued portfolio of cash flow-generating assets and will continue to introduce the Company to potential investors. Our pipeline, experience, relationships and execution show that we are a strong growth company creating attractive investments with long-term return potential.

I thank you for being part of the Blue Sphere story.

Sincerely,

Shlomi Palas, CEO

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: http://www.bluespherecorporate.com.

Forward-Looking Statements

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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Charlotte, NC -- (SBWIRE) -- 06/16/2016 -- Blue Sphere Corp. (the "Company" or "Blue Sphere"), a clean-tech independent power producer that develops, manages and owns waste-to-energy facilities globally, announced today the expansion of its operating team. The Company is happy to welcome Daniel Schwab to the Blue Sphere team.

Daniel Schwab joins Blue Sphere as Vice President of Business Development. Mr. Schwab is a seasoned business development executive with over seventeen years of experience managing teams, developing markets and recruiting clients in the USA, Europe, Africa and Israel. Mr. Schwab has expertise in diverse industries, with particular emphasis on energy and emerging markets. For Bright Source Energy, Inc., Mr. Schwab generated a project pipeline worth approximately US$1bn. As Director of Bright Source South Africa, Mr. Schwab worked closely with the national utility Eskom, major oil and gas firm Sasol and Alstom developing large scale solar power stations. On regulatory matters, he interacted regularly with the Department of Energy and National Treasury to ensure the rules and regulations for procuring power would suite the Bright Source technology. Prior to joining Bright Source, Mr. Schwab founded Kayema Energy Solutions and within seven years achieved a successful exit by selling the company to NRG Energy, a Fortune 250 company. In 2011 his company was awarded Energy Company of the Year by the South African Association for Energy Efficiency. Mr. Schwab began his career as an Associate at top tier Executive Advisory firm Heidrick & Struggles. He is a published author and regular speaker at renewable energy industry conferences. Mr. Schwab has a Bachelor of Commerce degree majoring in Corporate Finance and marketing from the University of South Africa.

Daniel Schwab joins, Mrs. Bonnie Graziano, who covers the eastern United States, Mr. Rafa Correa, who covers Italy, Mr. Guy Perry who covers the United Kingdom and Mr. Gidi Amitzur, who covers the Netherlands.

The addition of Mr. Schwab to the Blue Sphere family is a key growth driver for the Company. The western United States represents an exciting area for waste-to-energy development and acquisition opportunities. We believe that California, Oregon and Washington all are very conscious of the need to reduce levels of waste being deposited in landfills and eliminate the potential hazards this type of disposal brings. Blue Sphere a leading advocate and developer for alternative waste methods that provide sustainable sources of energy. Mr. Schwab has already begun to show the promise of the potential of the western US market, by uncovering multiple development and acquisition opportunities for Blue Sphere to evaluate.

"We are very pleased to welcome a manager with the skills and resources that Mr. Schwab brings to Blue Sphere and we look forward to the many opportunities that he will uncover for us," said Shlomi Palas, the Company's CEO.

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: http://www.bluespherecorporate.com

Forward-Looking Statements
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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Blue Sphere Working to Add Capacity

Even Yehuda, Israel -- (SBWIRE) -- 04/05/2016 -- Blue Sphere Corporation(the "Company" or "Blue Sphere"), a clean-tech independent power producer that develops, owns and manages waste-to-energy facilities globally, announced today that the Company has signed an exclusive term sheet to acquire a 1MW waste-to-energy biogas plant from Agrilandia Societa Agricola a r.l. (the "Plant").

As proposed in the term sheet, Blue Sphere shall acquire a 100% interest in the Plant, the land where the Plant is built (approximately 2 hectares) and the feedstock inventory. The proposed acquisition also includes all operating agreements including the remainder of the power purchase agreement (PPA) that is in place with Gestore del Servizi Energetici, S.p.A (GSE). GSE is a state owned company that promotes and supports renewable energy sources in Italy, under a power purchase agreement. The Plant's PPA runs through December 31, 2027.

The proposed purchase price contemplated for the transaction is approximately $4,811,436 at the current Euro to Dollar conversion rates or approximately 4.5 times EBITDA. The purchase price will be paid in a combination of cash at closing and the assumption of bank debt from the sellers.

Austep, S.p.A, our operating partner and a global leader in waste to energy technology and management shall guarantee the annual EBITDA, which is expected to be approximately $1m. The Austep, S.p.A financial guarantee shall be further backed by an insurance policy underwritten and issued by a leading insurance provider.

The closing with the seller is subject to certain conditions including, but not limited to, the completion of due diligence by Blue Sphere and delivery to Blue Sphere prior to the execution of definitive agreements, all rights, permits, licenses, approvals and agreements required for the ownership and operation of the facility, including all governmental and regulatory approvals as well as feed stock supply agreements and power purchase agreements for the purchase of the electricity and gas produced by the facility.

Shlomi Palas, the Company's CEO, commented, "We are very excited to have signed this Term Sheet to acquire another fully operating biogas facility. This is the yet another step in the execution process of developing the many projects in our pipeline of waste-to-energy facilities."

About Austep, S.p.A.
Austep is a twenty-year old global engineering, procurement and construction (EPC) company based in Milan, Italy. Austep specializes in waste-water treatment and the design, implementation and control of biogas facilities worldwide. Austep 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: http://www.bluespherecorporate.com

Forward-Looking Statements
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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Facilities to Connect to Grid in 2015

Even Yehuda, Israel -- (SBWIRE) -- 11/04/2015 -- Blue Sphere Corp(the "Company" or "Blue Sphere"), a clean energy company that develops, manages and owns waste-to-energy projects, announced today that two waste-to-energy plants under construction in the United States with its joint venture partner are nearing completion.

The Company entered into a joint venture (the "Joint Venture") with an affiliate of York Capital Management ("York") to develop, construct and operate biogas generation facilities in Charlotte, NC, and Johnston, RI under the management of Entropy Investment Management, LLC ("Entropy"). As of the date of this press release, the erection of the anaerobic digesters, biopulper and wastewater treatment tanks has been completed at the Charlotte facility. All major equipment including the 1.2 MW CHPs has been delivered to the site, the reception building is nearing completion and the commercial operations date is scheduled in 2015.

The Company expects construction and delivery of all major equipment to the Rhode Island facility (including CHPs) to progress on schedule. The reception building construction for the Rhode Island facility began on October 19, 2015, and its commercial operations date is also scheduled in 2015.

About Blue Sphere Corporation
Blue Sphere Corporation operates in the fast growing clean-tech sector as a waste-to-energy project integrator. Blue Sphere 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

About York Capital Management
York Capital Management is an investment management firm with primary offices in New York, London and Hong Kong. The firm, founded in 1991 by James G. Dinan, manages approximately $25 billion employing event-driven investment strategies specializing in arbitrage, special situations and credit opportunities.

About Entropy Investment Management
Entropy Investment Management, LLC, is a specialty energy investment management firm with its primary office in Charlotte, NC. The firm, founded in 2013 by David March and Lewis Reynolds, manages certain North and South American renewable energy assets of York Capital Management. As of the end of this year, Entropy expects to have managed the development of approximately 450MW of renewable energy in the U.S. and abroad.

Forward-Looking Statements
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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Even Yehuda, Israel -- (SBWIRE) -- 03/26/2015 -- Bluesphere Corp.,(the "Company" or "Bluesphere"), a clean energy company that develops, manages and owns waste-to-energy projects, announced today that on Monday March 23, 2015, it broke ground on both its first waste-to-energy project and new US headquarters in Charlotte, NC.

In attendance for this ground breaking was the Mayor of Charlotte, Daniel Clodfelter and corporate representatives from Duke Energy, who has contracted to purchase electricity which will be produced from the ongoing conversion generated by this project. "Bluesphere's presence in Charlotte confirms our commitment to clean, renewable energy and the Smart City concept," said Mayor Clodfelter.

The Bluesphere facility will produce 5.2 megawatts of clean energy from uneaten food that would normally end up in local landfills. That electricity will then be sold to Duke Energy to provide power to local homes and businesses.

The National Resource Defense Council estimates roughly 40 percent of food is wasted in the United States every year, amounting to a $165-billion loss. Bluesphere said their solution is a "win-win" for all involved.

"This facility is the ultimate landfill because we take waste in the back end, nothing going out. There's no smell, zero product, just electricity and compost," said CEO Shlomi Palas. Bluesphere hopes to be up and operational by the end of the year and to have 11 additional facilities around the world built by 2018.

Bluesphere generates electricity from biogas derived from organic waste, which is mostly food waste, and sells this electricity to leading electric companies through long-term power purchase agreements. Waste-to-energy is one of the fastest growing segments in the renewable energy markets. According to SBI Energy, the thermal and biological segments reached $6 billion in 2012 and will reach $29 billion by 2022.

About Bluesphere Corporation
Bluesphere Corporation is a company in the clean-tech 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

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Even Yehuda, IL -- (SBWIRE) -- 07/18/2014 -- Bluesphere Corp., (the "Company" or "Bluesphere"), a clean energy company that develops, manages and owns waste-to-energy projects, announced today the receipt of a term sheet from Energy Power Partners ("EPP") for full equity financing of over $15 million for its 3.2 megawatt (MW) waste-to-energy project in Johnston, Rhode Island. The facility will generate clean electricity from biogas derived from organic waste.

Bluesphere and EPP have agreed to enter into a final, definitive agreement by no later than August 30, 2014 pursuant to which the funds will be made available to the Company in cash for the construction and implementation of the Johnston project subject to completion of final due diligence by EPP.

"We already launched the Johnston project based on our own funds and other agreements entered into for the financing of this anaerobic digestion facility. However, EPP is an extremely desirable partner not only for its expertise and experience in implementing projects of this nature, but also because it is offering to finance this project with 100% equity. Not having debt creates greater cash flow and minimizes restrictive covenants. Bluesphere will maintain a meaningful equity stake in the project, while also earning project management fees and profit-sharing with build-in performance incentives. This is another huge milestone in the development of this project," stated Bluesphere CEO Shomi Palas. "We have started the Johnson project on time and we anticipate reaching commercial operations and delivering power by December 2015."

Bluesphere recently announced it signed a Letter of Intent with a company in the recycling and waste industries which will supply between 100-200 tons of organic waste per day to the Johnston waste-to-energy facility. Agreements and other Letters of Intent are in place for a 15 year electricity purchase agreement, site lease with purchase option, compost off-take agreement, and EPC contractor.

Bluesphere generates electricity from biogas derived from organic waste, which is mostly food waste, and sells this electricity to leading electric companies through long-term power purchase agreements. Waste-to-energy is one of the fastest growing segments in the renewable energy markets. According to SBI Energy, the thermal and biological segments reached $6 billion in 2012 and will reach $29 billion by 2022.

About Energy Power Partners
Energy Power Partners is a private equity fund manager for institutional investors wanting to take advantage of growing renewable investment opportunities in United States. EPP targets small to medium-sized base load renewable power projects with contracted cash flows and long term capital appreciation. The partners of the team are among the most experienced in the renewable industry and have collectively invested over $12 billion in 91 relevant renewable investments, with a 25 year track record of successful equity and debt investment across a diverse range of renewable technologies. For more information, visit http://www.energypowerpartners.com.

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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

5.2 MW facility to convert organic waste into clean electricity to power Massachusetts

Even Yehuda, IL -- (SBWIRE) -- 06/16/2014 -- Bluesphere Corp. (the "Company" or "Bluesphere"), a clean energy company that develops, manages and owns waste-to-energy projects, announced today it has signed a Memorandum of Understanding ("MoU") with a local developer operating in the recycling and compost business to co-develop a waste-to-energy project in the Boston metropolitan area.

This marks the third waste-to-energy facility in development for Bluesphere. The Company is developing a 5.2 MW facility in Charlotte, North Carolina, which is currently in its design and engineering phase and is expected to break ground on construction this year and be fully operational in 2015. The Charlotte, North Carolina facility has received over $22 million in project financing commitments from a Fortune 50 company and a leading environmental investment fund, as well as having signed a long-term contract with one of the largest power holding companies in the U.S. to purchase electricity generated at the plant. Bluesphere is also developing a 3.2 MW waste-to-energy facility in Johnston, Rhode Island.

Per the terms of the MoU, Bluesphere will take advantage of the site's existing operations to build and operate a 5.2 MW waste-to-energy plant on the same premises in the Boston metropolitan area. The advantage of such an approach is that the joint project will benefit from the site's existing permits and feedstock supply arrangements.

"Our partner has already developed much of the critical infrastructure for a waste-to-energy project and this is not only expected to shorten our timeline to develop the project from start to finish, it is also expected to reduce costs and increase profitability for the project," stated Bluesphere CEO Shomi Palas.

Bluesphere generates electricity from biogas derived from organic waste, which is mostly food waste, and sells this electricity to leading electric companies through long-term power purchase agreements. Waste-to-energy is one of the fastest growing segments in the renewable energy markets. According to SBI Energy, the thermal and biological segments reached $6 billion in 2012 and will reach $29 billion by 2022.

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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Company expands its Board as its waste-to-energy projects reach significant milestones

Even Yehuda, Israel -- (SBWIRE) -- 05/29/2014 -- Bluesphere Corp, a clean energy company that develops, manages and owns waste-to-energy projects, announced today that Yigal Brosh has joined the Company as an Independent Director. Mr. Brosh is a highly regarded Israeli investment management professional who holds board seats at investment management firms and in the waste management industry.

Mr. Brosh currently serves as Chairman of Environmental Services Company , Israel's government-owned national infrastructure company charged with handling all hazardous waste produced in Israel, as well as organic, inorganic and solid materials. He is also Director of Analyst Portfolio Management Ltd., an Israeli investment management company with over $600 million in assets under management.

Mr. Brosh currently serves as Managing Partner at Zeta Capital Management, a Tel-Aviv based firm that provides fund management, investment banking and distribution of financial products. Between 2004 and 2011, Mr. Brosh was CEO, Director and Partner of Millennium Mutual Funds, which he built from inception to manage $520 million (1.8 billion NIS) under management. Millennium was sold to Meitav Investments House. Prior to founding Millennium, Mr. Brosh held executive and management positions at Psagot Investments House, Ofek Securities and Investments, Jerusalem Bank Mutual Funds Management, and Jerusalem Bank Financial Markets.

Mr. Brosh holds an M.B.A in Economics and Business Management and a B.A. in Economics from The Hebrew University of Jerusalem, as well as an investment portfolio management license from the Israel Securities Authority (ISA).

"We welcome Yigal to our Board of Directors. He brings to Bluesphere tremendous experience and knowledge in both the financial markets and in waste management. As our Company develops and we reach important milestones in our business including the recently announced start of our 5.2 megawatt organic waste-to-energy project in Charlotte, North Carolina, the development of our board and corporate governance is an important priority for us," stated Bluesphere CEO Shomi Palas.

For further information please contact Mark Radom at 972 52 798 0831 or info@bluespherecorporate.com .

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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Even Yehuda, Israel -- (SBWIRE) -- 04/25/2014 -- EnergyCentral.com, an Internet publisher for the electric power and energy industry, just published an article by Shlomi Palas, CEO of Bluesphere Corporatio n. Bluesphere is an energy company that develops, manages and owns clean tech waste-to-energy projects.

The article is titled, "Post State of the Union Address – Waste-to-Energy addresses all of the President's Issues on Environment". In the article, Palas points out that clean-energy advocates have increasingly called on the president to ditch his agnostic "all of the above" approach to energy policy and embrace what they say is a "best-of-the-above" energy policy.

One technology in the "best-of-the-above" category riding a huge wave that is sweeping the US is Waste-to-Energy. Waste-to-Energy converts waste that would normally go into landfills into clean energy. It is in its very early stages of adoption in the U.S. There is demand for Waste-to-Energy from municipalities and some of the largest companies are investing in the segment.

Bluesphere is about to break ground on its first Waste-to-Energy facility in the U.S. The facility is backed by $17.8 million in project financing from Caterpillar and over $6 million from a clean-tech fund. Major electric utility companies Duke Energy and National Grid have signed long term power purchase agreement with Bluesphere. Waste-to-Energy technology tackles and solves three major issues which are mentioned in Obama's speech:

- Waste-to-Energy reduces carbon pollution

- It reduces the amount of waste going into landfills

- And it contributes to Obama's target to reduce the use of fossil oil as we generate green electricity

As a result of the President's focus and supporting budgets, the U.S. is beginning to see a tectonic movement in a global multimillion industry and Waste-to-Energy is at the forefront of it.

To read the entire article please visit: http://www.energycentral.com/generationstorage/environmentalemissionsandcarbonmanagement/articles/2876/Post-State-of-the-Union-Address-Waste-to-Energy-addresses-all-of-the-President-s-Issues-on-Environment

About Blue Sphere Corp
Blue Sphere Corporation is an energy company that develops, manages and owns waste-to-energy projects in the $6 billion global waste-to-energy market. Blue Sphere generates electricity from biogas derived from organic waste, which is mostly food waste, and sells this electricity to leading electric companies through long-term power purchase agreements. The Company has contracts with Caterpillar which is providing $17.8 million in non-dilutive project financing, and Duke Energy and National Grid which have both signed contracts to purchase electricity produced by Blue Sphere. The Company is building anaerobic digestion projects in the U.S which transform food waste into energy. There are only 202 of these anaerobic facilities in the entire U.S., as compared to 7,000 in Germany alone. Growth in the waste-to-energy market in the U.S. is driven by state and federal bans on putting organic waste into landfills and the need and demand for green renewable energy. For more information, log on to http://www.bluespherecoporate.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Organic Waste Management to supply 100 - 200 tons of organic waste per day for generation of clean electricity

Even Yehuda, Israel -- (SBWIRE) -- 03/14/2014 -- Bluesphere Corp. (the "Company" or "Bluesphere"), a clean energy company that develops, manages and owns waste-to-energy projects, announced today it has a signed a Letter of Intent with Organic Waste Management, LLC, a Massachusetts-based company with over 35 years in the recycling and waste industries ("Organic Waste Management"). Per the terms of the Letter of Intent, Organic Waste Management will supply between 100-200 tons of organic waste per day to Bluesphere's 3.2 MW biogas plant to be constructed later this year in Johnston, Rhode Island. The biogas plant will create electricity from organic waste and renewable resources.

"We are delighted to have met with and started what we hope will be a long-term relationship with Organic Waste Management. Not only is Organic Waste Management interested in supplying our Rhode Island biogas plant with waste, but we are also discussing other business opportunities, including additional anaerobic digester plants in Massachusetts, where, effective in October 2014, there will be a ban on dumping organic waste in landfills for certain, larger producers of waste," stated Bluesphere CEO Shomi Palas. "Our ability to connect and do business with companies such as Organic Waste Management is crucial to our Rhode Island plant and future growth in New England."

Bluesphere generates electricity from biogas derived from organic waste, which is mostly food waste, and sells this electricity to leading electric companies through long-term power purchase agreements. Waste-to-energy is one of the fastest growing segments in the renewable energy markets. According to SBI Energy, the thermal and biological segments reached $6 billion in 2012 and will reach $29 billion by 2022.

About Organic Waste Management, LLC
Organic Waste Management, LLC is a company with over 35 years in the recycling and waste industries. Organic Waste Management is involved in the recycling solutions of up to 90% of today's waste stream in both technologically advanced ways and environmentally-friendly solutions. Robert Heffernan Jr., President and CEO, is a licensed operator of solid waste transfer stations and created the vision for the company while operating an organic composting facility in New Hampshire. Organic Waste Management's website is http://www.owaste.com .

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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Even Yehuda, Israel -- (SBWIRE) -- 03/04/2014 -- Bluesphere Corp., an energy company that develops, manages and owns waste-to-energy projects, announced today its wholly-owned subsidiary has signed a Joint Venture Agreement with Alfa Eco Corporation. New York-based Alfa Eco is a leading private business group that consists of direct investment funds owning and managing assets in a range of industries, including energy in the United States and abroad. Alfa Eco has strategic partnerships in Bulgaria, Brazil, China, Kazakhstan, Mongolia, Russia, Sierra Leone, Switzerland, Ukraine and other countries.

Per the terms of the Joint Venture Agreement, Bluesphere and Alfa Eco will form a joint venture corporation jointly owned by the companies on a 50/50% basis. Through the joint venture, the companies will develop turn-key and build-own-operate ("BOO") waste-to-energy projects. Alfa Eco will provide turnkey and BOO projects with all required components in place (e.g., power purchase agreements, feedstock, etc.), while Bluesphere will arrange full financing and be the project integrator on the waste-to-energy projects.

"We are very pleased to form this joint venture corporation with Alfa Eco, a company which has resources and relationships that can support the development of numerous joint waste-to-energy projects in partnership with Bluesphere," stated Bluesphere CEO Shlomi Palas. "Our ability to establish joint ventures, project financing, and long-term revenue contracts with energy industry leaders such as Alfa Eco is a testament to Bluesphere's capabilities and reputation in the waste-to-energy market."

Bluesphere generates electricity from biogas derived from organic waste, which is mostly food waste, and sells this electricity to leading electric companies through long-term power purchase agreements. Waste-to-energy is one of the fastest growing segments in the renewable energy markets. According to SBI Energy, the thermal and biological segments reached $6 billion in 2012 and will reach $29 billion by 2022.

About Alfa Eco Corporation
Alfa Eco was originally founded in 1989 as cooperative between Alfa Photo and ADP (Mikhail Fridman & Anatoly Potik). Since then, Mr. Potik re-developed the Alfa Eco Corporation. Alfa Eco is a leading private business group that consists of direct investment funds owning and managing assets in life science/healthcare, energy, metals & mining, construction development, agriculture, and education sectors in the United States and abroad. Alfa Eco has strategic partnerships in Bulgaria, Brazil, China, Kazakhstan, Mongolia, Russia, Sierra Leone, Switzerland, Ukraine and other countries. The strategy of Alfa Eco is targeted at the acquisition of assets in industries with a significant growth and consolidation potential. The company is also dedicated to providing corporate finance, strategic advisory, and related services to public and private companies across multiple sectors and regions.

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 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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Even Yehuda, Israel -- (SBWIRE) -- 02/18/2014 -- Blue Sphere Corp. (the "Company" or "Blue Sphere"), a company in the Cleantech sector as an organics-to-energy and clean energy project integrator, has released a letter to shareholders discussing the Company's results for calendar year 2013 and the start of 2014.

Dear Fellow Shareholders:

Highlights To-date

After a busy 2013 and first several weeks of 2014, we now expect to start construction on our first two biogas plants in the United States in Q2 or Q3 of 2014 and are making significant progress on our non-US projects and business development. We started 2013 with a few signed projects in very early development stages and leads on a number of other projects.

We now have signed projects in the final development stage and are entertaining offers from some of the biggest players in the organics to energy market for strategic partnerships. With respect to our North Carolina project, we have gone from a signed project agreement to having full financing in place, a site, an EPC (engineering, procurement and construction) contractor and plant components under construction:

-5.2MW organics to energy project in Charlotte, NC October 2013 - signed equity and debt financing agreements May 2013 - signed site purchase agreement June 2013 – Jan 2014 - four signed feedstock supply letters of intent and one feedstock supply agreement May 2013 - signed compost off-take agreement February 2014 - a finalized EPC agreement January 2014 - applications in place for major permits December 2013 - plant components already under construction October 2012 - signed power purchase agreement January 2014 - signed grid interconnection agreement December 2013 - $6.5 million renewable energy tax credit safe-harbored

In respect of our Rhode Island and other projects, we have gone from signed project agreements to the final stages of development:

-3.2MW organics to energy project in Johnston, RI June 2013 - signed equity and debt term sheets September 2013 - signed 15-year lease agreement with an option to extend for six years April 2013 - one signed feedstock supply agreement and one feedstock supply letter of intent May 2013 - signed compost off-take agreement February 2014 - permit applications under preparation December 2013 - plant components already under construction, February 2014 - EPC contractor in place February 2014 - signed revised and amended power purchase agreement December 2013 - $4.5 million renewable energy tax credit safe-harbored

-10MW organics to energy project in Accra, Ghana September 2013 - signed project agreement February 2014 - feedstock supply agreements under negotiation February 2014 - 25-year lease agreement under negotiation February 2014 - EPC contractor in place

-1MW Landfill gas to energy project in Kumasi, Ghana September 2013 - signed revised project agreement Q2 2014 - three-month pump test to commence in Q2 2014 December 2012 - permits in place except for the license to produce power (which is under negotiation) January 2012 - carbon credit off-take agreement signed with Vattenfall February 2014 - power purchase agreement under negotiation at a price per kwh of over USD 15 cents

We are also pursuing development of numerous other organics to energy projects, as well as cultivating potential strategic partnerships with industry leaders.

-Other Projects - Additional organics to energy projects in US are under active negotiation - Additional organics to energy and landfill gas to energy projects in Africa are under active negotiation - Organics to energy projects in Europe are under active negotiation - We have partnered with a reputable EPC contractor with respect to several organics to energy projects in Israel, which are under active negotiation

-Strategic Partnership - Offer from a large, North American EPC contractor to collaborate on a range of projects in Israel and Africa - Offer from a large, European EPC contractor and biogas plant operator to collaborate on a number of projects in Europe

Future
We are working now and will continue to work toward ground-breaking and construction commencement for both of our US projects for as early as possible in 2014. The actual dates will depend on receipt of permits. We are also working toward closing financing for our RI project, which will occur when definitive agreements are finalized, which is underway.

We expect to receive our first revenue prior to commissioning these projects when we test-run the US Projects to refine the interconnection and power delivery to the utility-buyers.
Implementation of the US Projects is our first priority.

In parallel, we are devoting significant resources toward business development activities in the United States, Europe, Africa, and Israel and elsewhere to implement similar organics-to-energy projects. We have already received offers for sites in the United States, Europe and elsewhere, which are in advanced stages of development.

Thank you for your continued support.

Sincerely,

Shlomi Palas, CEO

For further information please contact Mark Radom at 972 52 798 0831 or info@bluespherecorporate.com.

About Blue Sphere Corporation
Blue Sphere Corp. is a company in the Cleantech sector as a waste-to-energy project Integrator. Blue Sphere 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.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Anaerobic Digestion has been around for decades, but updated technology is making AD more efficient and cost competitive in areas where the feedstock is readily available.

Even Yehuda, Israel -- (SBWIRE) -- 08/28/2013 -- The clean energy markets have seen their fair share of success and failure over the past few years in the U.S. and globally. Now, one market that has been successfully growing in Europe may be ready to greatly expand in the United States and small public companies like Blue Sphere Corp are ready to pounce on burgeoning opportunities at U.S. locations.

Anaerobic Digestion (AD) is commonly known as a process in which microorganisms break down organic material in the absence of oxygen, creating Biogas (methane), which is then refined to create renewable natural gas. The biogas is then sold or used to create heat to turn an electrical generator. The second output of AD is digestate, which is mineral rich and sold as soil conditioner or fertilizer. Anaerobic Digestion has been around for decades, but updated technology is making AD more efficient and cost competitive in areas where the feedstock is readily available.

Traditionally, AD plants used manure as feedstock at commercial livestock farm sites, such as dairy farms and hog farms. These farms needed around 500 centrally located animals to be economically viable. One of the biggest issues with the original technology was that manure is digested material and the animal that provided the manure has absorbed much of the energy. New technology allows the utilization of organic materials and food waste, providing more than 10 times higher energy content, as these waste streams have not been previously digested. This new technology, known as complete mix or flow-through technology, is allowing AD technology to move from the farms into more populated areas where most of the food waste is produced.

The amount of food waste, or organic substrate as the Environmental Protection Agency (EPA) calls it, is vast and growing in the United States. In 2010 about 250 million tons of municipal solid waste was generated, 14% of which was organic substrate, 8% of the 250 million tons was commercially derived organic substrate according to the EPA. The commercial organic substrate is waste generated from grocery stores, fast food restaurants, full service restaurants and large hotels as well as commercial food processers, growers and manufacturers. In 2010 less than 3% of these waste streams were utilized to produce energy, the rest went to landfills. Anaerobic Digestion facilities in addition to producing biogas, electricity and fertilizer, act as endless landfills, providing significant environmental benefits by reducing waste delivered to landfills. By reducing the organic waste in landfills, there is a large reduction in green house gas production at those sites, some estimates are as high as a 13 million metric tons per year reduction in CO2 equivalent gas can be achieved through AD technology.

Renewable Waste Intelligence put out a report in March 2013 titled "Business Analysis of Anaerobic Digestion in the USA." The opening paragraph tells the story of a US market that has the potential of substantial growth in the use of Anaerobic Digestion for energy production. The report states:

Business Analysis of Anaerobic Digestion in the USA Market conditions are looking increasingly favourable for the growth of the anaerobic digestion industry in the US. While this form of biogas production has historically been limited to agricultural and wastewater uses, it is growing in favour as a method of managing and extracting value from food wastes. The feasibility of anaerobic digestion projects varies state-to-state, however advances in technological application and favourable legislative developments are driving investment interest in the space.

According to the EPA, as of September 2012, there are 197 anaerobic digestion systems operating at commercial livestock farms in the US. The Innovation Center of U.S. Dairy had a report produced by Informa Economics in February 2013 titled "National Market Value of Anaerobic Digester Products," and this report stated the dairy industry alone could product 2,647 digesters for installation on large dairies in the US. These digesters can be economically viable if they combine the feedstock of manure with food waste in a 30% to 70% combination. The report estimates that these digesters could produce current market values for the following production by-products:

- Electricity -- $894 million
- Pipeline Biomethane -- $413 million
- Compressed Natural Gas (CNG) -- $733 million
- Fertilizer nutrients – over $700 million

This indicates substantial value can be created by AD within the Dairy Industry. It is anticipated that the economics for AD could even improve with a move into more populated areas where food waste and organic waste is more readily available and the landfill relief is greatly needed.

Germany is a leader in utilization of AD systems with over 4,000 plants in operation. Germany also boasts the highest utilization rate of greater than 90% efficiency in their plants. With 31 states now passing renewable energy standards and regulating the amount of food waste allowed to be delivered to landfills, the opportunity and necessity for advanced AD technology in the United States is growing. There are estimates of market availability for upwards of 25,000 AD systems in the US.

The market is ready for growth and there are several projects in the planning stage. In Charlotte, North Carolina, a 5.2 mega watt (MW) plant has been announced and is expected to break ground within the next couple of months. The Charlotte Plant has attracted over $25 million of financing including a loan for over $17 million from Caterpillar Financial Services, a division of Caterpillar Inc. A German company that has built over 400 Anaerobic Digestion plants worldwide, BioGas Nord AG, is providing state-of-the-art flow-through AD technology and manufacturing expertise to the project. The project developer of the Charlotte Plant is a small public company with big plans, Blue Sphere Corp. The CEO of Blue Sphere stated in an interview that his company is planning to build, own and operate over 60 MW of electricity production generated from Anaerobic Digestion plants. Blue Sphere has a second project that is expected to break ground in Johnson, Rhode Island by the end of this year.

These two AD plants are a couple of just a handful of AD plants that are either operating or in the planning stages for non-farm Anaerobic Digestion energy production. These projects suggest that the race is on in the development of this new clean energy production market. This AD driven clean energy market delivers environmental benefits of less greenhouse gas emissions and less waste for landfills while producing clean energy and fertilizer. As depicted in the Charlotte Plant, large and small companies are planning and investing in these economically viable clean energy generators. Anaerobic Digestion technology looks to be the next big thing in the United States clean energy market.

Media Contact: newseditor@equitybrief.net

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Even Yehuda, Israel -- (SBWIRE) -- 08/13/2013 -- Blue Sphere Corp.,is on the cusp of breaking ground on two significant electrical production plants in the United States, using Anaerobic Digestion technology. Blue Sphere's plants located in Charlotte, North Carolina and Johnston, Rhode Island are expected to produce 5.2 MW and 3.2 MW of electricity daily. Blue Sphere's management believes they are at the forefront of a technological shift that will change how the United States will process waste and produce a substantial amount of its energy. There are many practical and regulatory factors that point to success for Blue Sphere's initiatives.

The CEO of Blue Sphere, Shlomi Palas, had a good explanation of Blue Sphere's business plan in a recently published interview. "Blue Sphere develops, builds and operates facilities which use organic waste to produce clean energy. Blue Sphere is positioned in a multi-billion dollar arena which is currently serviced by very few and small-scale competitors. The endless supply of waste, which we call "the new oil fields", the new strict Federal and State legislation to divert organic waste from landfills, the already-in-force legislation to substitute fossil energy with renewable energy, the Federal and State incentives for the activities above, all these tectonic movements are the power behind Blue Sphere's raison d'etre. Blue sphere has an objective of building a portfolio of 60 MW high yield assets with an IRR greater than 15% with-in the next 5 years."

Anaerobic Digestion technology has been used for years in Europe to convert organic and food waste into electricity. There are approximately 8,000 anaerobic digestion plants functioning in Europe, but only a handful in the U.S. Most of the U.S. based plants are small and use manure waste on or near animal farming sites. The technology utilizes the waste product to extract methane gas and the methane is in turn injected into generators to produce electricity. The electricity is sold into the local grids and the remains of the waste are sold as a supplement to fertilizer. In the end, the waste is turned into usable and saleable products, thus there is nothing left after the process. Blue Sphere has partnered with one of the leading designers and manufactures of anaerobic digestion facilities out of Germany, Biogas Nord, to co-develop and build these facilities in the U.S. Biogas Nord has built approximately 400 anaerobic digestion facilities in Europe and worldwide, and had over $100 million in revenues in 2012.

Blue Sphere has other major partners on these projects as well. They have brought in a hedge fund that specializes in Cleantech investing as an equity partner. This equity partner has committed to up to $7.5 million for the Charlotte project and $5 million for the smaller Johnson plant. Caterpillar Financial Services, a division of Caterpillar Inc. is providing almost $18 million in debt for the construction of the Charlotte project. Both groups are expected to fund upon their respective commitments to the Charlotte project by the end of August, which will allow Blue Sphere and Biogas Nord to begin construction of the facility in September of this year. Blue Sphere's management has stated that they expect the Charlotte project to be complete and producing within 12 months of the beginning of construction.

With the beginning of construction expected in the next 6 weeks, investors should be looking at what Blue Sphere will be worth when their two projects are completed at the end of 2014. Management stated in their investor presentation, located on the company's website, that they expect the net present value of the Charlotte project to be $40 million upon completion. The Johnston project is about 60% smaller, thus it can be inferred that the Johnston plan will have a net present value of about $24 million. Blue Sphere will own 37.5% of each project, making its ownership positions worth $15 million for Charlotte, $9 million for Johnston and $24 million combined. Blue Sphere has about 910 million shares outstanding, making the value of the projects, on a per share basis, worth $0.026/share (2.6 cents per share) upon completion. If investors add in the value of future projects that management has alluded to, the total value at the end of 2014 could be worth over $0.03/share (3 cents per share). Blue Sphere's stock price closed at $0.0036/share (.36 cents per share) on Friday, August 9th, which means that Blue Sphere's stock could appreciate over 700 to 800% by the completion of the construction of both facilities at the end of 2014.

The aforementioned valuation facts suggest Blue Sphere is undervalued today. Once the financings close on the equity and debt for the Charlotte project at the end of this month, Blue Sphere will be paid back their expenses for planning the Charlotte project. Blue Sphere will be reimbursed over $500,000 and management will look to finalize the financing on the Johnston project. With asset value literally building and significant cash being added to Blue Sphere, it could be surmised that Blue Sphere should be trading about $0.01/share (1 cent per share) by early September to reflect the growing value of the company.

About Blue Sphere
Blue Sphere is a small company working to become a leader in the clean energy production area. They have a business plan that fits the changing regulatory standards for waste and energy, and have two facilities about to begin construction. Blue Sphere's management believes they will have several more facilities in various stages of construction and planning by 2015. The above quote from the CEO states they want to have a portfolio of facilities producing 60 Megawatts of electricity in 5 years. That equates to 11 facilities the size of the Charlotte project. If Blue Sphere manages to fulfill this goal while maintaining their 37.5% ownership position, they will have created $165 million of net present value for the company, if Blue Sphere can increase their ownership to the stated desired levels of over 50%, they will exceed $200 million in value. These valuations are several years off, but investors looking for a Cleantech investment that has longevity and tremendous upside potential owe it to themselves to research and consider and investment in Blue Sphere.

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Even Yehuda, Israel -- (SBWIRE) -- 08/09/2013 -- Blue Sphere Corp., a company in the cleantech sector which develops waste-to-energy and other renewable energy projects has been attracting the attention of investors and media as they ramp up their innovative projects in the U.S. The Company aspires to become a key player in the global waste-to-energy and renewable energy markets and CEO Shlomi Palas, took time to answer questions about his firm.

Q: Briefly explain to investors who may not be familiar with Blue Sphere, what your company does and why an investment in your company is a good opportunity right now?

Shlomi Palas, CEO of Blue Sphere: Blue Sphere develop-build and operate facilities which use organic waste to produce clean energy. Blue Sphere is positioned in a multibillion arena which is currently serviced by very few and small scale competitors. The endless supply of waste, which we call "the new oil fields", the new strict Federal and State legislation to divert organic waste from land fields, the already in force legislation to substitute fossil energy with renewable energy, the Federal and State incentives for the activities above, all these tectonic movements are the power behind Blue Sphere raison d'etre. Blue sphere has an objective of building a portfolio of 60 Mw/h high yield assets with IRR greater than 15% with-in the next 5 years. Our projects have multiple sources of 15-20 years secured revenues including power purchase agreements from tier 1 electricity companies in the US. If you understand the new immense business that is developing, you might want to consider investing in it, either in Blue Sphere or in our competition. We believe we are the best.

Q: What is anaerobic digestion and how big is this technology in other parts of the world? Do you think it will catch on in the U.S. and why?

Shlomi Palas, CEO of Blue Sphere: Anaerobic Digestion is a well-established and proven technology, which has been perfected along the years, to extract from organic waste the methane gas, in a relatively speedy way. The methane gas which has been extracted out of the organic waste is being injected into generators which are being used to produce electricity which is then supplied to the grid. There are about 8,000 facilities in Europe and more in other parts of the world. In the US there are only several hundred small ones mainly for manure. Anaerobic digestion is the optimal solution for many types of organic waste management and production of different energy sources (heat, steam, gas and electricity). We have no doubt that in the future there will be thousands of AD projects in the US. For a more detailed answer just have a look at what the relevant US authorities say.

Q: Briefly tell us about the projects you currently have in development and Blue Sphere's roll? When will they be ready for ground breaking? When will they be up and running?

Shlomi Palas, CEO of Blue Sphere: Blue Sphere is in very advanced stages of 2 immediate large projects in the U.S. The first project is a 5.2 Mw/h project in NC and the second one of 3.2 Mw/h in RI. Both projects are expected to start construction this year and will start producing energy in Q3-Q4 2014. We are developing additional projects in the US, with a focus on the North East side of the country where the legislation is supportive of such projects. We expect these projects to start construction in 2014.

Q: What kind of revenue streams these projects will generate? What are the financials expected from these projects, revenues and cash flow? What will be Blue Sphere's ownership in the projects?

Shlomi Palas, CEO of Blue Sphere: Each one of these projects has 4 revenues sources: Tipping fee, Feed in Tariff, Carbon Credit and Compost. Blue Sphere is going to manage these projects and generate direct revenues for its management services. The projects are expected to generate profits in the range of $1.5m to $3m per year, depending of the specific site and size of the project. Blue Sphere is expected to own 30%-60% from each one of these projects.

Q: You have several larger companies partnered with you and financing your projects, why are they interested in working with Blue Sphere?

Shlomi Palas, CEO of Blue Sphere: The companies we partnered with are very familiar with the Anaerobic Digester market and the huge potential of this business. They want to contribute to a better environment for us and the generations to come, this is truly important for them. Not less important, they believe as we do that the business potential is huge and that we are best positioned to benefit from it. They believe in our capability to develop the business, bring the right solution, tailor the required components for each of these projects, make these projects happen and generate good business for them.

Q: Give us the biggest risk you see in the company and what might be done to mitigate it.

Shlomi Palas, CEO of Blue Sphere: What we do is a complicated task, people and companies identify with the changes, want to contribute, but it is all new. There are many parameters that have to be taken care of and you need to have the ability to adjust quickly and overcome hurdles. We have a great team and we work hard and we believe nothing will stop us. So far we have proven it.

Q: What will it take for you to be able to establish yourself as a leader in your space?

Shlomi Palas, CEO of Blue Sphere: We have identified a couple of good companies in the US which do Anaerobic Digesters. They are not big and they have a slightly different approach to the business. Our projects are on a substantially larger scale and address mainly the organic food waste segment which represents the largest potential. The potential is too big anyway for all of us right now. We truly wish our competitors success and we hope to lead the pack.

Q: Are there any upcoming catalysts that investors should be looking forward to? If so, what are they?

Shlomi Palas, CEO of Blue Sphere: The changing regulation regarding the treatment of organic waste and the shutdown of landfill in different states in the US will push the need for alternative solutions for organic waste which is a big driver for our industry.

Q: Would you say that you are "on time" or "ahead of schedule" when it comes to where the company is positioned today?

Shlomi Palas, CEO of Blue Sphere: The legal infrastructure, incentives and direction of the market are all set. We need to do the hard work of integrating it all together. The whole infrastructure for business in this field is ready but it is not easy to integrate the many components that create a project. It is a rare case that changes are so big and so fast and businesses are not ready yet to exploit it. But we are.

About Blue Sphere Corp.
Blue Sphere Corp. is a company in the cleantech sector as a waste-to-energy project Integrator. Blue Sphere 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

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Even Yehuda, Israel -- (SBWIRE) -- 07/23/2013 -- Blue Sphere Corp. (the "Company" or "Blue Sphere"), a company in the Cleantech sector as an organics-to-energy and clean energy project integrator, is pleased to announce that it has received a signed term sheet from a leading environmental finance fund (the "Fund"), to provide $7.5 million in equity financing for its Charlotte, North Carolina project. The Charlotte project is a 5.2 MW organics-to-energy anaerobic digester, which will utilize food waste to produce electricity. Blue Sphere has counter-signed and accepted the commitment for equity financing in the term sheet. This commitment, along with the recently announced debt commitment from Caterpillar Financial Services Corp., constitutes 100% of the financing required for the project.

Blue Sphere, along with its partner, Biogas Nord, AG of Germany, is acting as the integrator of the Charlotte project through its Joint Venture company, Bino Sphere. Biogas Nord has designed and built almost 400 waste-to-energy plants in Europe, Africa and the Middle East. With full project financing now committed, Blue Sphere is in the process of completing all closing conditions, including investment tax credit monetization, feedstock supply and permits. Blue Sphere expects to break ground on the Charlotte project in the 3rd quarter of 2013. Upon the completion of the Charlotte project, expected in the third quarter of 2014, Blue Sphere will continue as project manager and, when the Fund achieves a 20% internal rate of return, retain a 37.5% ownership position in the Charlotte project.

Shlomi Palas, CEO of Blue Sphere commented, "The equity commitment from the Fund means that, together with the debt commitment from Caterpillar Financial Services, 100% of the project financing is now committed to our 5.2 MW organics-to-energy project. We are now working on finalizing the definitive agreements to begin the disbursement of cash and commence construction. We are required to close the equity financing by the beginning of September 2013. Commencement of construction will allow Blue Sphere to begin earning revenue pursuant to the terms of our joint venture with Biogas Nord. Once the project is commissioned, approximately 12 months from the start of construction, Blue Sphere will earn operating revenue from the sale of contracted electricity into the local grid owned by Duke Energy, Inc., tipping fees for the organic waste the project will receive, as well as ongoing management fees. Blue Sphere is also making progress on the implementation of its second project, a 3.2 MW organics-to-energy anaerobic digester project in Rhode Island. Blue Sphere could break ground on this second project by the end of 2013."

About Blue Sphere Corp.
Blue Sphere Corp. is a company in the cleantech sector as a waste-to-energy project Integrator. Blue Sphere 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. Among these are: 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.

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