Thursday, July 26, 2012

Blue Earth, Inc. (BBLU) Set to Save 7-Eleven Stores Millions

Blue Earth is all about energy efficiency. The Nevada company’s wholly owned subsidiary, Castrovilla, Inc., recently underlined this fact when it announced that it had completed installation of an extensive set of energy saving components at 621 7-Eleven stores located in California, Washington, and Oregon.

Components included electronically commutated motors, anti-sweat heater controls, evaporator fan controls, gaskets, door closers, and strip curtains. On 7-Eleven’s behalf, the company also secured approximately $1.3 million in rebates from numerous West Coast utilities. These incentives effectively offset 100% of both material and installation costs. As a result, 7-Eleven experienced no out-of-pocket costs, and will receive energy benefits of approximately $1.2 million annually. Energy savings over the effective useful life of the installed equipment is expected to be approximately $9.5 million.

Blue Earth Energy President, John Pink, said of the project: “While this project has produced the results as anticipated by the utility incentive rebate programs, there are far more potential cost savings in 7-Eleven stores. We are proud of the work accomplished with 7-Eleven and applaud their commitment to reducing energy consumption and their carbon footprint.”

7-Eleven is the largest chain in the convenience retailing industry, operating, franchising, or licensing over 9,200 stores in North America. There are over 46,000 7-Eleven stores worldwide, covering 16 countries, generating over $76 billion in sales. It’s #2 on Forbes magazine’s list of Top Franchises for the Money.

Blue Earth Energy is engaged in the clean technology industry with a primary focus on the energy efficiency and renewable energy sectors. The company strives 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 their customers.

For additional information, visit the company’s website at www.BlueEarthInc.com

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