By Constance ThompsonOctober 7, 2021
The American Council on Renewable Energy (ACORE) is pleased to share the next installment in our “Accelerating Renewables” blog site series.
Each installment includes market leaders and topics connected to accelerating an equitable and just transition to a renewable resource economy. In acknowledgment of National Hispanic Heritage Month, ACORE is highlighting 3 Hispanic-owned member companies that are thriving in the renewable resource sector.
Today, we are featuring Lyssy Energy Enterprises, a utility-scale renewable resource designer 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 daddy. He asked me to put together an energy lease that would secure his land for ranching and farming while providing an additional source of earnings.
A couple years later, we began partnering with renewable resource developers. There were definitely imperfections and challenges, closed doors and unequal partnerships, but we utilized this time to actually hone our craft. We recognized that if we desired our organization to grow and prosper then we would need to take a risk. In 2020, when the world was required to decrease due to the pandemic, we decided to take that threat. We utilized 2020 to rebrand Lyssy Energy into the company we had actually constantly dreamed about. In 2021, we have actually reintroduced ourselves to the world– no longer as an energy service business, however as renewable resource developers with the hope of owning and operating utility-scale eco-friendly energy jobs.
Tell us about Lyssy Energy.
Lyssy Energy Enterprises is an ingenious, independently held, utility-scale developer of solar, wind and battery energy options. Our prime regulation is to contribute to the acceleration of the energy industrys transition to sustainable energy. We concentrate our operations in Texas, where flourishing population and business growth suggest a quickly growing demand for energy. Lyssy Energy thinks that by releasing wind, solar and battery storage, we can maximize our efforts and offer all kinds of renewable energy services. This state is our home, and the energy crisis unfolding in our backyard is individual. We wish to be a part of the service and help our neighbors throughout the state develop much-needed sources of tidy power. We are well on our way, with 1.5 gigawatts (GW) of clean, reliable energy including one wind and three solar projects currently in development and a possible portfolio of 15 GW.
What challenges do you face? Why?
Capital is one of the greatest obstacles we deal with at the moment. The wind and the sun supply electrical power, however capital is what moves whatever and everyone else. We require capital for everyday operations, and to establish, construct and operate our jobs.
Securing development capital early is essential in providing land control and affiliation research studies to get jobs off the ground. We are working hard to establish relationships with large financial investment firms that have a strong interest in renewables and can provide the capital necessary to develop an effective renewable resource task.
How can potential partners do service with you?
Lyssy Energy Enterprises is open to collaborations or joint endeavors. We are available to talk about the need for all types of capital stack with various equity, tax and debt companies that run in this market and those thinking about buying renewable resource tasks and business. Ideally, we wish to deal with investment partners that can offer capital from the development phase through the construction stage. We are also open to partners who have an interest in buying the business.
How are you making an impact through Lyssy Energy?
Lyssy Energy Enterprises strives to continue building a diverse business. We hope to help stabilize the inequalities in our society by connecting to people that are historically overlooked and passed over. Ladies and individuals of color are essential to our success, and it is crucial to promote their improvement to positions of management and management.
Lyssy Energy is working with bad communities in rural areas, and we hope to make a difference by bringing eco-friendly energy jobs to areas with high rates of poverty and other vulnerable neighborhoods. It is essential for the energy shift to not only change how we produce energy, however to bring the disenfranchised to the center of this technological development so everybody shares the advantages.
How has your Accelerate membership assisted your business?
Being able to get involved in ACOREs Accelerate membership program is a pleasure and an opportunity. The Accelerate Program has actually linked us to some of the most significant and most prominent companies in the world, and these connections assist give us the power to make a difference.
To read more about or contact Lyssy Energy Enterprises, see https://www.lyssyenergy.com/.
In 2021, we have actually reintroduced ourselves to the world– no longer as an energy service business, but as sustainable energy designers with the hope of owning and running utility-scale sustainable energy projects.
Lyssy Energy Enterprises is an innovative, privately held, utility-scale designer of solar, wind and battery energy solutions. Lyssy Energy believes that by releasing wind, solar and battery storage, we can optimize our efforts and provide all kinds of sustainable energy services. Lyssy Energy is working with bad neighborhoods in rural locations, and we hope to make a difference by bringing sustainable energy projects to areas with high rates of poverty and other vulnerable communities. It is crucial for the energy shift 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.