SOURCE: Blue Earth, Inc.

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November 14, 2013 05:30 ET

Blue Earth Completes $12 Million Equity Raise Providing the Project Financing Equity Component for Several CHP Projects

HENDERSON, NV--(Marketwired - November 14, 2013) - Blue Earth, Inc. (OTCQB: BBLU) an alternative/renewable energy and energy efficiency services company, announced that BBLU raised $12 million in equity capital through the exercise of approximately four million registered Class A warrants at $3 per share. The primary use of the capital raise will be to provide the equity component of project financing for up to seven initial combined heat and power ("CHP") projects for a substantial international customer.

Pre-construction activities for air quality permits, interconnect and project financing are progressing toward completion. Permits and interconnect activities are expected to be final for the first site this quarter and the remaining sites during the first quarter of 2014. BBLU management expects the first CHP power plant to begin producing power in the third quarter of 2014. 

"We are delighted and thankful to have the continued support from our shareholders. They understand that this equity raise is an important step for BBLU to become a significant independent power producer with recurring revenues through long term power purchase agreements," stated Johnny R. Thomas, CEO of Blue Earth, Inc.

About BBLU
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.

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