Blue Sphere Forms Venture for North Carolina Waste-to-Energy Unit

Allan Gerlat, News Editor

February 10, 2015

1 Min Read
Blue Sphere Forms Venture for North Carolina Waste-to-Energy Unit

Blue Sphere Corp. has formed a joint venture with York Capital Management affiliates for its plan for a waste-to-energy facility in Charlotte, N.C.

Blue Sphere, a waste-to-energy company based in Even Yehuda, Israel, said in a news release the closing of the joint venture gives the company a 25-percent ownership of the project. Blue Sphere received an initial payment of $1.25 million in cash with a second payment coming this year of $1.175 million following project milestones.

The venture will develop, construct and operate the 5.2-megawatt biogas generation facility, which will convert food waste to energy. Blue Sphere expects the operation to begin production in fourth quarter of this year.

Blue Sphere has been working on the project since 2012.

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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