ATLANTIC SAPPHIRE FURTHER REDUCES CARBON FOOTPRINT BY JOINING ESTEEMED FPL SOLARTOGETHER PROGRAM

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Atlantic Sapphire ASA (OSE:ASA / OTCQX: AASZF), a leader in sustainable aquaculture, has joined the Florida Power & Light Company (FPL) SolarTogether program. This initiative will offset 45% of the company's total energy consumption with solar power, significantly reducing its carbon footprint. Since 2011, Atlantic Sapphire has transformed salmon farming with its proprietary BluehouseTM technology, sourcing water from the Floridian Aquifer and delivering fresh, ocean-safe seafood across North America. The FPL SolarTogether program allows participants to benefit from solar energy without upfront costs, paying a fixed monthly subscription and receiving escalating bill credits. This move underscores Atlantic Sapphire's commitment to environmental sustainability and efficient energy use.

Positive

• Atlantic Sapphire will offset 45% of its total energy consumption with solar power.
• Joining the FPL SolarTogether program reduces the company's carbon footprint.
• The initiative aligns with the company's commitment to environmental sustainability.
• Atlantic Sapphire's BluehouseTM technology already lowers the carbon footprint by delivering fresh fish without airfreight.
• Participants in the FPL SolarTogether program benefit from escalating bill credits over time.

Negative

• Possible financial implications of the fixed monthly subscription cost for the FPL SolarTogether program.
• Any delays or issues in the implementation of the solar offset could impact operational efficiencies.

MIAMI, May 30, 2024 /PRNewswire/ -- Since 2011, Atlantic Sapphire ASA ("Atlantic Sapphire"; OSE:ASA / OTCQX: AASZF) has been revolutionizing the seafood industry with a proprietary aquaculture system to sustainably deliver ocean-safe seafood across North America. This month, the company is pushing the boundaries even further, announcing it will be joining the Florida Power & Light Company (FPL) SolarTogether^® Program in an effort to decrease its electric carbon footprint by offsetting 45% of its total energy consumption with solar.

The Norwegian-founded company has already transformed salmon farming with its innovative Bluehouse^TM technology. With water sourced from the Floridian Aquifer, the fish is sustainably raised and delivered fresh from the Sunshine State resulting in a lower carbon footprint than imported salmon, with no airfreight needed. Becoming part of the FPL SolarTogether community is another step the company is taking toward a more environmentally conscious production.

"Our company is committed to working with FPL to reduce carbon emissions derived from energy consumption from its operations," explains Johan Andreassen, CEO for Atlantic Sapphire. "We believe that the best way to place aquaculture at the forefront is by reaching efficiencies at every level."

FPL SolarTogether is a voluntary subscription program designed to give all FPL customers an opportunity to experience the financial and environmental benefits of homegrown solar energy, without having to put panels on their roof and with no upfront costs. Participants pay a fixed monthly subscription cost and receive escalating monthly bill credits based on the solar energy generated from FPL's community solar energy centers throughout Florida. While their subscription cost remains fixed, their credit increases every year, helping to lower customers' bills over time.

"We are excited to welcome Atlantic Sapphire to the FPL SolarTogether program to help them meet their energy and sustainability goals," said Tim Oliver, vice president of development for FPL. "We applaud their commitment to supporting the continued growth of diverse energy sources right here in Florida that help keep our air and water clean now and for years to come."

For more information visit atlanticsapphire.com. To learn more about FPL SolarTogether, visit FPL.com/SolarTogether. 

About Atlantic Sapphire ASA

Atlantic Sapphire (OSE:ASA / OTCQX: AASZF) is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire has been operating its innovation center in Denmark since 2011 with a strong focus on R&D and innovation to equip the Company with the technology and procedures that enable the Company to commercially scale up production in end markets close to the consumer. 

In the US, the Company has identified and obtained the requisite permits to construct its Bluehouse® in the ideal location in Homestead, Florida, just south of Miami. The Company has completed Phase 1 construction, which provides the capacity to harvest approximately 10,000 tons (HOG) of salmon annually. The Company completed its first commercial harvest in the US in September 2020. Atlantic Sapphire is currently constructing its Phase 2 expansion, which will bring total annual production capacity to 25,000 tons, and has a targeted harvest volume in 2031 of 220,000 tons.

FOR MORE MEDIA INFORMATION:
Bright Red Agency – 912 419 6906
atlanticsapphire@brightredagency.com

 

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SOURCE Atlantic Sapphire

FAQ

What is Atlantic Sapphire's stock symbol?

Atlantic Sapphire's stock symbol is OSE:ASA / OTCQX: AASZF.

How much of Atlantic Sapphire's energy consumption will be offset by solar?

45% of Atlantic Sapphire's total energy consumption will be offset by solar.

What program has Atlantic Sapphire joined to reduce its carbon footprint?

Atlantic Sapphire has joined the Florida Power & Light Company (FPL) SolarTogether program.

What is the FPL SolarTogether program?

The FPL SolarTogether program is a voluntary subscription that allows participants to benefit from solar energy without upfront costs, paying a fixed monthly fee and receiving escalating bill credits.

What technology does Atlantic Sapphire use for sustainable salmon farming?

Atlantic Sapphire uses its proprietary BluehouseTM technology for sustainable salmon farming.