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 speeding up an equitable and simply shift to a renewable energy economy. In acknowledgment of National Hispanic Heritage Month, ACORE is highlighting 3 Hispanic-owned member companies that are thriving in the eco-friendly energy 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 began with a favor to my father. He asked me to put together an energy lease that would safeguard his land for ranching and farming while providing an additional source of income.
A couple years later, we started partnering with renewable resource designers. There were definitely obstacles and imperfections, closed doors and unequal partnerships, but we utilized this time to truly refine our craft. If we desired our organization to grow and prosper then we would need to take a risk, we understood that. In 2020, when the world was required to decrease due to the pandemic, we chose to take that risk. We utilized 2020 to rebrand Lyssy Energy into the company we had always 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 running utility-scale renewable resource jobs.
Tell us about Lyssy Energy.
Lyssy Energy Enterprises is an ingenious, privately held, utility-scale developer of solar, wind and battery energy options. Our prime instruction is to contribute to the acceleration of the energy markets shift to sustainable energy. We concentrate our operations in Texas, where thriving population and service growth imply a rapidly growing demand for energy. Lyssy Energy thinks that by deploying wind, solar and battery storage, we can optimize our efforts and supply all kinds of eco-friendly energy solutions. This state is our home, and the energy crisis unfolding in our yard is personal. We desire to belong of the service and help our neighbors throughout the state establish much-needed sources of tidy power. We are well on our way, with 1.5 gigawatts (GW) of clean, dependable energy consisting of one wind and three solar tasks presently in development and a prospective portfolio of 15 GW.
What difficulties do you face? Why?
Capital is among the biggest obstacles we face at the moment. The sun and the wind offer electricity, however capital is what moves everything and everybody else. We require capital for everyday operations, and to develop, construct and run our tasks.
Securing advancement capital early is important in offering land control and affiliation research studies to get tasks off the ground. We are working hard to establish relationships with large investment companies that have a strong interest in renewables and can supply the capital necessary to develop an effective renewable resource job.
How can prospective partners work with you?
Lyssy Energy Enterprises is open to partnerships or joint ventures. We are readily available to discuss the requirement for all types of capital stack with different equity, tax and debt companies that run in this market and those interested in investing in renewable energy jobs and companies.
How are you making an effect through Lyssy Energy?
Lyssy Energy Enterprises makes every effort to continue building a varied business. We hope to help balance the inequalities in our society by connecting to people that are historically ignored and passed over. Ladies and individuals of color are key to our success, and it is essential to promote their development to positions of management and management.
Hardship is another concern we hope to deal with. Lyssy Energy is dealing with bad communities in rural locations, and we intend to make a difference by bringing renewable resource jobs to locations with high rates of hardship and other vulnerable neighborhoods. These tasks provide reputable and budget friendly electrical energy, and also bring task opportunities and infrastructure advancement to bad neighborhoods. It is essential for the energy transition to not only modification 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 helped your organization?
Being able to participate in ACOREs Accelerate subscription program is a delight and an advantage. The Accelerate Program has linked us to some of the biggest and most influential companies in the world, and these connections help give us the power to make a difference.
To find out more about or contact Lyssy Energy Enterprises, visit https://www.lyssyenergy.com/.
In 2021, we have reestablished ourselves to the world– no longer as an energy service business, however as sustainable energy designers with the hope of owning and operating utility-scale renewable energy tasks.
Lyssy Energy Enterprises is an innovative, 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 offer all kinds of renewable energy services. Lyssy Energy is working with bad neighborhoods in rural areas, and we hope to make a distinction by bringing eco-friendly energy projects to areas with high rates of hardship and other susceptible neighborhoods. It is crucial for the energy transition to not only modification how we produce energy, however to bring the disenfranchised to the center of this technological development so everyone shares the advantages.