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Blue Earth Selects DCO Energy, LLC as EPC Contractor for the Alberta Co-Generation Energy Plant
DCO Is a Preferred Engineering, Procurement and Construction Partner (EPC) for Our Brooks Alberta Project
|By Marketwired .
|September 3, 2014 09:45 AM EDT
HENDERSON, NV--(Marketwired - September 03, 2014) - Blue Earth, Inc. (NASDAQ: BBLU) a renewable energy and energy efficiency services company, announced today it selected DCO Energy, LLC (DCO) to help procure and construct the Company owned Alberta, Canada co-generation energy plant announced last week.
Blue Earth's strategy and budgets for co-generation have always included partnering with an experienced engineering, procurement and construction (EPC) partner to ensure that projects are built on time and to the highest professional standards. An experienced EPC partner should ensure the retention of a long-term recurring revenue stream from our Company owned and operated, co-generation energy plants. DCO has been working with our CHP team on the Alberta project to ensure that the two teams work well together.
Frank Dicola, P.E. and CEO of DCO Energy, said, "We are excited to be selected to work on the Brooks Alberta Project with Blue Earth. We have worked with the Blue Earth CHP team and they have a great project using turbine equipment that we have installed for other companies. We look forward to building the co-generation project with the BE CHP team."
"DCO is a very experienced EPC contractor and was recommended by our turbine manufacturer as being one of the best teams to work with. Their involvement should give comfort to our shareholders, our project finance partners for co-generation projects and to the host companies that depend upon our co-generation plants for their energy needs," said Dr. Johnny R. Thomas, CEO of Blue Earth, Inc. "DCO's experienced team enables Blue Earth to ramp up the number of Company owned co-generation energy plants, without the delays associated with increasing our employee base. Our CHP team has been working with the excellent DCO team prior to the project announcement and have been very pleased with the interaction and technical expertise they have to offer. DCO will do a great job on building the Brooks Alberta Project."
DCO Energy, LLC is an independent energy development company specializing in the development, engineering, construction, start-up, commissioning, operation maintenance and management, as well as, ownership of Central Energy Centers (CEC), Renewable Energy projects and Combined Heat, Chilling and Power (CHCP) Production Facilities. DCO was formed in 2000 with a core team of energy experts. Our mechanical, electrical controls, structural engineers and system experts are among the best in the business. Collectively, DCO team members have been independently developing projects or have developed and operated approximately 275 MW of electric, 400 MMBtu/hr of Heat Recovery, 1,500 MMBtu/hr of Boiler Capacity and 130,000 tons of Chilled water capacity of energy producing facilities totaling over $1 billion of assets. DCO provides financing, engineering and design, construction management, start-up and commissioning resources, and long-term operating and maintenance services for its own CEC, CHCP and Renewable Energy projects as well a third party clients. DCO is a P4P partner and approved Energy Savings Company (ESCO) for Energy Savings Improvement Plan (EIP).
BBLU is engaged in the clean technology industry with a primary focus on the energy efficiency and alternative/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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