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

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