Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
  Lies David J
 2. Date of Event Requiring Statement (Month/Day/Year)
04/25/2012		 3. Issuer Name and Ticker or Trading Symbol
Blue Earth, Inc. [bblu]
(Last)
(First)
(Middle)
1701 E. LAKE AVENUE, SUITE 260		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

GLENVIEW, IL 60025		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 128,000
D
 
Common Stock 79,368
I
Owned by Remanco Inc., of which reporting person is a control person

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant 10/29/2009 10/29/2012 Common Stock 50,000 $ 2 (1) D  
Class A Warrant 12/31/2010 12/31/2013 Common Stock 50,000 $ 3 D  
Class A Warrant 09/29/2011 12/31/2013 Common Stock 500,000 $ 3 D  
Class A Warrant 12/16/2011 12/31/2013 Common Stock 155,000 $ 3 D  
Class A Warrant 02/10/2012 12/31/2013 Common Stock 50,000 $ 3 D  
Class A Warrant 02/29/2012 12/31/2013 Common Stock 100,000 $ 3 D  
Series A Preferred Stock   (2)   (2) Common Stock 1,610,000 $ 1 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lies David J
1701 E. LAKE AVENUE
SUITE 260
GLENVIEW, IL 60025		     X    

Signatures

David J. Lies 08/31/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These warrants were issued to all shareholders of record of the issuer on December 31, 2010, on the basis of one warrant for each two shares of Common Stock then owned. The warrants will be distributed following the effective date of the Registration Statement, as amended, filed by the issuer on May 14, 2012.
(2) N/A

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.