By Constance ThompsonOctober 7, 2021
The American Council on Renewable Energy (ACORE) is delighted to share the next installment in our “Accelerating Renewables” blog series.
Each installation features industry leaders and topics related to accelerating an equitable and simply shift to a renewable resource economy. In acknowledgment of National Hispanic Heritage Month, ACORE is highlighting 3 Hispanic-owned member companies that are growing in the renewable resource sector.
Today, we are including Lyssy Energy Enterprises, a utility-scale eco-friendly energy 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 began with a favor to my dad. He asked me to put together an energy lease that would secure his land for ranching and farming while offering an extra source of earnings.
A couple years later, we began partnering with sustainable energy developers. There were certainly challenges and drawbacks, closed doors and unequal collaborations, however we used this time to really sharpen our craft. If we desired our business to grow and succeed then we would require to take a risk, we understood that. In 2020, when the world was required to decrease due to the pandemic, we decided to take that threat. We used 2020 to rebrand Lyssy Energy into the business we had actually always dreamed about. In 2021, we have 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 renewable resource tasks.
Inform us about Lyssy Energy.
Lyssy Energy Enterprises is an ingenious, independently held, utility-scale designer of solar, wind and battery energy solutions. Our prime directive is to add to the acceleration of the energy industrys transition to sustainable energy. We focus our operations in Texas, where flourishing population and company development mean a quickly growing need for energy. Lyssy Energy thinks that by releasing wind, solar and battery storage, we can maximize our efforts and offer all kinds of eco-friendly energy services. This state is our house, and the energy crisis unfolding in our yard is personal. We want to be a part of the option and assist our neighbors across the state establish much-needed sources of tidy power. We are well on our method, with 1.5 gigawatts (GW) of clean, reliable energy consisting of one wind and 3 solar tasks currently in development and a potential portfolio of 15 GW.
What difficulties do you deal with? Why?
Capital is one of the most significant obstacles we deal with at the minute. The wind and the sun provide electrical energy, however capital is what moves whatever and everyone else. We require capital for everyday operations, and to develop, construct and run our projects.
Protecting advancement capital early is necessary in supplying land control and affiliation studies to get tasks off the ground. We are striving to establish relationships with large investment companies that have a strong interest in renewables and can offer the capital required to produce an effective renewable resource project.
How can potential partners work with you?
Lyssy Energy Enterprises is open to partnerships or joint ventures. 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 interested in investing in renewable resource projects and business. Ideally, we want to deal with financial investment partners that can supply capital from the development phase through the building and construction phase. We are likewise open up to partners who are interested in buying the company.
How are you making an impact through Lyssy Energy?
Lyssy Energy Enterprises strives to continue developing a varied company. We wish to help balance the inequalities in our society by reaching out to individuals that are historically neglected and passed over. Females and individuals of color are essential to our success, and it is very important to promote their improvement to positions of management and management.
Hardship is another issue we wish to resolve. Lyssy Energy is working with bad neighborhoods in rural areas, and we intend to make a distinction by bringing eco-friendly energy jobs to locations with high rates of hardship and other susceptible communities. These jobs provide affordable and reliable electrical energy, and likewise bring task chances and facilities development 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 advancement so everyone shares the benefits.
How has your Accelerate membership assisted your organization?
Being able to take part in ACOREs Accelerate subscription program is a delight and a privilege. This program has supported our efforts to be a part of the service during this unsure time in our lives. The Accelerate Program has actually connected us to a few of the biggest and most prominent business worldwide, and these connections help give us the power to make a difference. Someday, we hope to return the favor.
To find out more about or contact Lyssy Energy Enterprises, go to https://www.lyssyenergy.com/.
In 2021, we have reintroduced ourselves to the world– no longer as an energy service business, but as eco-friendly energy designers with the hope of owning and running utility-scale renewable energy jobs.
Lyssy Energy Enterprises is an innovative, independently held, utility-scale developer of solar, wind and battery energy solutions. Lyssy Energy thinks that by releasing wind, solar and battery storage, we can optimize our efforts and provide all kinds of sustainable energy solutions. Lyssy Energy is working with bad neighborhoods in rural areas, and we hope to make a difference by bringing eco-friendly energy jobs to locations with high rates of hardship and other susceptible 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 development so everybody shares the benefits.