Renewable Power Perspectives Q&A with Katie Garza, Co-Founder and COO, Lyssy Energy
By Constance ThompsonOctober 7, 2021
The American Council on Renewable Energy (ACORE) is happy to share the next installment in our “Accelerating Renewables” blog site series.
Each installation features industry leaders and topics connected to accelerating a fair and simply shift to a renewable energy economy. In recognition of National Hispanic Heritage Month, ACORE is highlighting 3 Hispanic-owned member business that are growing in the renewable resource sector.
Today, we are featuring Lyssy Energy Enterprises, a utility-scale renewable resource developer in Texas. The following is a Q&A with Lyssy Energy Co-Founder and COO Katie Garza and Constance Thompson, ACOREs Vice President of Diversity, Equity and Inclusion Programs.
What inspired you to start Lyssy Energy?
Lyssy Energy Enterprises all started with a favor to my father. He asked me to assemble an energy lease that would secure his land for ranching and farming while supplying an extra income source. Before we understood it, my hubby and I were helping others in the exact same circumstance. So, we made it main, started a company and got to work.
A couple years later, we began partnering with renewable energy designers. We used 2020 to rebrand Lyssy Energy into the company we had constantly dreamed about. In 2021, we have reintroduced ourselves to the world– no longer as an energy service business, however as eco-friendly energy developers with the hope of owning and running utility-scale renewable energy jobs.
Tell us about Lyssy Energy.
Lyssy Energy Enterprises is an innovative, privately held, utility-scale developer of solar, wind and battery energy options. Our prime instruction is to add to the velocity of the energy industrys transition to sustainable energy. We concentrate our operations in Texas, where flourishing population and service growth mean a rapidly growing demand for energy. Lyssy Energy thinks that by releasing wind, solar and battery storage, we can maximize our efforts and provide all type of renewable resource solutions. This state is our house, and the energy crisis unfolding in our yard is individual. We desire to belong of the option and assist our next-door neighbors throughout the state establish much-needed sources of tidy power. We are well on our method, with 1.5 gigawatts (GW) of tidy, reputable energy including one wind and 3 solar projects currently in development and a potential portfolio of 15 GW.
What obstacles do you face? Why?
Capital is among the biggest challenges we deal with at the moment. The sun and the wind supply electrical energy, however capital is what moves everything and everybody else. We require capital for daily operations, and to develop, construct and run our projects.
Protecting development capital early is necessary in supplying land control and affiliation research studies to get projects off the ground. We are striving to develop relationships with big investment companies that have a strong interest in renewables and can supply the capital needed to develop a successful renewable energy task.
How can potential partners do business with you?
Lyssy Energy Enterprises is open to partnerships or joint ventures. We are available to talk about the requirement for all types of capital stack with different equity, tax and financial obligation business that run in this industry and those thinking about purchasing eco-friendly energy tasks and companies. Preferably, we would like to work with financial investment partners that can provide capital from the development phase through the construction phase. We are also open up to partners who are interested in investing in the business.
How are you making an effect through Lyssy Energy?
Lyssy Energy Enterprises makes every effort to continue developing a varied business. We wish to help stabilize the inequalities in our society by reaching out to individuals that are historically disregarded and passed over. Ladies and individuals of color are key to our success, and it is necessary to promote their advancement to positions of management and leadership.
Hardship is another problem we intend to attend to. Lyssy Energy is working with poor neighborhoods in backwoods, and we want to make a distinction by bringing renewable resource jobs to locations with high rates of poverty and other susceptible communities. These tasks supply budget-friendly and reliable electricity, and also bring task opportunities and facilities advancement to bad neighborhoods. It is very important for the energy transition to not only modification how we produce energy, but to bring the disenfranchised to the center of this technological evolution so everybody shares the benefits.
How has your Accelerate membership assisted your service?
Being able to get involved in ACOREs Accelerate subscription program is an advantage and a pleasure. The Accelerate Program has actually connected us to some of the most significant and most prominent companies in the world, and these connections assist provide us the power to make a distinction.
To read more about or contact Lyssy Energy Enterprises, check out https://www.lyssyenergy.com/.
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In 2021, we have reintroduced ourselves to the world– no longer as an energy service company, however as sustainable energy developers with the hope of owning and running utility-scale renewable energy tasks.
Lyssy Energy Enterprises is an ingenious, independently held, utility-scale designer of solar, wind and battery energy options. Lyssy Energy believes that by deploying wind, solar and battery storage, we can optimize our efforts and provide all kinds of renewable energy solutions. Lyssy Energy is working with poor neighborhoods in rural areas, and we hope to make a distinction by bringing sustainable energy jobs to areas with high rates of poverty and other vulnerable neighborhoods. It is essential for the energy transition to not only change how we produce energy, however to bring the disenfranchised to the center of this technological evolution so everyone shares the benefits.