Blue sphere Projects Development Progress

Facilities to Connect to Grid in 2015

CHARLOTTE, NC--(Nov 2, 2015) - Blue Sphere Corp. (OTCQB: BLSP) (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: 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.

Featured Product

TRA SNOW AND SUN - SOLAR TILE MOUNT

TRA SNOW AND SUN - SOLAR TILE MOUNT

You haven't installed a tile mount that is easier to install than the Solar Tile Mount manufactured by TRA Snow and Sun. Solar Tile Mount is used on all tile roof profiles: flat, mid, and high. It is made in the USA of aluminum alloy for strength and excellent corrosion resistance. Solar Tile Mount is built to allow more ease in installation with more rise from the tile surface to the rail for better air flow below panels. The adjustable base is longer than most allowing attachment 6" to the left or right to have the bracket in the base of the pan of the tile and still fasten to the rafter. Solar Tile Mount is adjustable for counter batten systems from ¾" to 3". The horizontal rail is directly above base fasteners giving greater uplift resistance than any other system. For superior waterproofing apply TRA Snow and Sun's butyl backed VersaFlash aluminum flashing. No tile flashing is needed on top of the tile for greater labor and material cost savings.