Headquartered in Henderson, Nevada, Blue Earth is an energy efficiency and renewable energy services company. They offer products and services that will optimize energy use, reduce harmful environmental emissions, and substantially reduce energy costs to their customers. Blue Earth engages in a mergers and acquisition strategy in the clean-tech industry. The company's primary focus is acquiring companies and innovative technologies that serve the multi-billion dollar energy efficiency services and renewable energy market sectors.
Blue Earth's targeted technologies normally include different measures designed for a specific customer or facility in their target market of small commercial businesses and residences to improve the efficiency of building systems (refrigeration, lighting and heating, ventilation, and air conditioning). The company's management plans to accelerate the introduction of the acquired technology/products by offering and installing them by way of energy management service companies and manufacturers representatives that have an established base of customers at the local, state, regional, and national levels.
Castrovilla, a subsidiary of Blue Earth, is expanding their energy efficiency retrofit model into Southern California, Oregon, Washington, Nevada, Arizona, Utah, and Idaho. The business expansion will use the Blue Earth Energy Management Services (BEEMS) trade name. The expectation is that the Castrovilla expansion will generate more than $20 million in revenues and EBITDA in excess of $3 million in 2012.
Blue Earth has an agreement with Genesis Fluid Solutions, Ltd. (GFS), which has patented technology that removes different types of debris, sediments, and contaminants from waterways and industrial sites. The agreement is to receive a 6 percent royalty on all gross revenues derived from dewatering operations and the sale, lease, or licensing arrangements of the RDS and/or any of the dewatering boxes of their affiliates. This is until Blue Earth receives $4 million and a royalty of 3 percent of gross revenues; after that not to exceed a cumulative royalty of $15 million.
In addition, Blue Earth acquired the exclusive private label and manufacturing rights to a cutting-edge and patented lighting controls technology. The basis of the technology is on distributed intelligence that embeds a microprocessor to control the "Switch" inside a fluorescent ballast. The microprocessor controls each individual fluorescent tube in either "on/off" state using the existing wall switch to send instructions to the "smart ballast" that controls the on/off state of each tube.
Blue Energy also has their Xnergy acquisition. Xnergy provides a wide spectrum of comprehensive energy solutions. These include the design and implementation of energy savings projects, energy conservation, energy infrastructure outsourcing, power generation, and energy supply and risk management.
Last week, Blue Earth announced that their wholly owned subsidiary, Castrovilla, d/b/a Blue Earth Energy Management Services™ (BEEMS™), is in the process of implementing an additional $1.1 million in utility funded refrigeration rebate incentives under their highly successful "Keep Your Cool™" Program. The design of the proprietary "Keep Your Cool™" Program is to give electric utilities an efficiency program targeting their business customers who operate commercial refrigeration equipment.
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