|By Marketwired .||
|March 11, 2014 05:30 AM EDT||
HENDERSON, NV--(Marketwired - March 11, 2014) - Blue Earth, Inc. (OTCQB: BBLU) an alternative/renewable energy and energy efficiency services company, announced that its wholly owned subsidiary, BE CHP, has ordered generators, costing approximately $17.6 M for three combined heat and power (CHP) systems. The capacity for these three power plants will be about 35.1 MW and the three facilities are expected to be operational in the fourth quarter of 2014. The total cost for these three sites is expected to be approximately $67 million. BE CHP has now ordered generators for five of the seven initial systems, which represent about 45.9 MW of the initial seven CHP projects. The first site is expected to be operational during the third quarter of 2014.
Blue Earth CHP will install and operate these newly ordered three CHP systems at three food-processing facilities. BE CHP sells the thermal and electric power to the host customer and the local utility under multi-year power purchase agreements.
"The BE CHP team is excited to place these equipment orders, since the lead time for generator equipment deliveries is the primary gating factor that determines completion dates for these two CHP power plants," stated Rob Potts, COO of Blue Earth, Inc. "We are moving forward on additional sites and expect seven power generating systems to be operational in the last half of 2014 and the first quarter of 2015." Completion of the CHP projects are contingent upon multiple business factors including but not limited to timely delivery of equipment, weather conditions, financing and regulatory approvals.
BBLU is engaged in the clean technology industry with a primary focus on the energy efficiency and renewable energy sectors. We strive to participate in the global movement for a sustainable planet by offering products and services that will optimize energy use, reduce harmful environmental emissions and substantially reduce energy costs to our customers. For more information about Blue Earth, Inc., please visit www.blueearthinc.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.