Blue Sphere Corporation (OTCMKTS: BLSP) has seen a spectacular rise in recent months off its triple zero lows to recent highs well into penny land. Along the way the stock has attracted legions of new new shareholders and regularly tops $10 million in daily dollar volume.
BLSP management has been working hard behind the scenes acquiring a new project in May of last year; the Company’s subsidiary Blue Sphere Brabant B.V., is the developer and owner of the Sterksel Project, the financial closing of its waste-to-energy project in Sterksel, Netherlands. The Sterksel Project was designed to generate upgraded gas to the grid, with an hourly capacity of approx. 3,500 standard cubic meters equal to more than 10 Mw/h of electrical power. The total expected project capital expenditure is approximately €29,631,439 or USD $33,542,922.
Blue Sphere Corporation (OTCMKTS: BLSP) is a private equity firm managing over $1.5 billion in committed capital. With offices in Cleveland, Charlotte, Seattle and Shanghai, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors, while providing the perspectives and resources of a global organization. The Blue Point partner group has a 21-year track record of partnering with lower middle-market businesses to build processes and capabilities to achieve dramatic growth. Blue Point focuses on opportunities where it can leverage its collective experience, extensive network of operating resources and unique toolkit, which includes supply chain / Asian capabilities, data and digital strategies, human capital and focused add-on acquisition efforts. Blue Point typically invests in businesses that generate between $25 million and $300 million in revenue.
Last year BLSP reported revenues for the twelve-month period ending December 31, 2017 increased to $17.4 million, as compared to $12.8 million for the twelve-month period ending December 31, 2016. The increase is attributable to the consolidation of the four operating facilities in Italy (SPVs) by our wholly-owned subsidiary, Bluesphere Pavia as well as the increase in revenue from these four facilities, the revenues generated by our Futuris Papia S.p.A. facility in Udine, Italy which was acquired in September of 2017, the development fee in the amount of $563 thousand which was received during the third quarter of 2017 due to the commercial completion of the biogas facility Blue Sphere developed in Johnston, Rhode Island and the Equity Income from Nonconsolidated Affiliates.
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Microapdaily was reporting on BLSP in December when the stock was triple zeroes stating at the time: Blue Sphere Corporation (OTCMKTS: BLSP) is on the rise since reversing off $0.0004 lows. Blue Sphere Corporation bills itself as a diversified independent power producer that develops, owns, and operates clean-tech, biogas cogeneration and waste-to-energy facilities in the globally. 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, Israel and Europe. Operating out of Charlotte, North Caroline, the Company has a facility in Johnstone Rhode Island, and 5 projects in Italy.
This is very old news: The Sterksel Project Overview. Blue Sphere Brabant has contracted with three separate providers of feedstock that will provide manure and green waste to fuel the digesters over a period of 12 years. As previously stated on September 19, 2017, Blue Sphere filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission disclosing that the Company has entered into a material definitive agreement for the Purchase and Supply of biomethane with GasTerra B.V., a leading Dutch gas wholesaler based in the Netherlands (the “September 2017 Form 8-K”). Blue Sphere Brabant and GasTerra have agreed to sell & purchase, biogas that has been processed into biomethane from the Sterksel Project for a period of twelve (12) years, with a possible extended period upon mutual consent once the term of the agreement has come to an end. Under the Gas Off-Take Agreement, Blue Sphere Brabant will supply a maximum of 3,500 cubic meters of biomethane per hour. Blue Sphere Brabant has also entered into an agreement with PitPoint Clean Fuels and with Gas Terra B.V to sell them the Green Certificates to be generated by the Sterksel Project PitPoint is an international provider of clean fuels which aims to prevent harmful emissions. PitPoint designs, builds, finances, maintains, operates and services public and private fueling stations for LNG, CNG, biomethane, hydrogen, as well as electric charging points, for companies and governments. With more than 10 years of experience as a systems integrator, PitPoint has the data, know-how and resources to make clean fuels available and affordable.
— JMO (@jm_owen) January 15, 2021
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BLSP has seen a spectacular rise in recent months off its triple zero lows to recent highs well into penny land. Along the way the stock has attracted legions of new new shareholders and regularly tops $10 million in daily dollar volume. BLSP management has been working hard behind the scenes acquiring a new project in May of last year; the Company’s subsidiary Blue Sphere Brabant B.V., is the developer and owner of the Sterksel Project, the financial closing of its waste-to-energy project in Sterksel, Netherlands. The Sterksel Project was designed to generate upgraded gas to the grid, with an hourly capacity of approx. 3,500 standard cubic meters equal to more than 10 Mw/h of electrical power. The total expected project capital expenditure is approximately €29,631,439 or USD $33,542,922. Microacpdaily has been reporting on BLSP sinc the stock was triple zeroes. We reported on the last time BLSP filed the Company had $2.4 million in the treasury and revenues of $17.4 million for the last twelve-month period . We will be updating on BLSP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with BLSP.
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Disclosure: we hold no position in BLSP either long or short and we have not been compensated for this article.