The energy efficiency of buildings can be greatly improved by decreasing the energy embodied in installed materials. In this contribution, we investigated the possibility of foaming waste bottle glass in the air atmosphere with the addition of water glass, which would reduce the energy used in the production of foamed glass boards. The results show that with the increased addition of water glass, the crystallinity and the thermal conductivity decrease, however, the remaining crystal content prevents the formation of closed-porous foams. The added water glass only partly protects the carbon from premature oxidation, and the foaming mechanism in the air is different than in the argon atmosphere. The lowest obtained foam density in the air atmosphere is 123 kg m−3, while the lowest thermal conductivity is 53 mW m−1 K−1, with an open porosity of 50% for the sample obtained in the air, containing 12 wt% of water glass, 2 wt% of B2O3, 2 wt% AlPO4 and 2 wt% K3PO4.