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.
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