By Constance ThompsonOctober 7, 2021
The American Council on Renewable Energy (ACORE) is happy to share the next installment in our “Accelerating Renewables” blog series.
Each installation features market leaders and subjects connected to speeding up a fair and just transition to a renewable resource economy. In acknowledgment of National Hispanic Heritage Month, ACORE is highlighting 3 Hispanic-owned member business that are thriving in the renewable energy sector.
Today, we are including 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 began 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 offering an extra source of earnings.
A couple years later on, we began partnering with renewable resource developers. There were definitely obstacles and shortcomings, closed doors and unequal partnerships, but we used this time to actually refine our craft. We understood that if we desired our service to grow and succeed then we would require to take a risk. In 2020, when the world was forced to slow down due to the pandemic, we chose to take that danger. We utilized 2020 to rebrand Lyssy Energy into the company we had actually always dreamed about. In 2021, we have reintroduced ourselves to the world– no longer as an energy service company, but as sustainable energy designers with the hope of owning and operating utility-scale renewable resource jobs.
Inform us about Lyssy Energy.
Lyssy Energy Enterprises is an ingenious, privately held, utility-scale designer 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 focus our operations in Texas, where booming population and organization growth suggest a rapidly growing need for energy. Lyssy Energy believes that by deploying wind, solar and battery storage, we can maximize our efforts and provide all kinds of sustainable energy solutions. This state is our house, and the energy crisis unfolding in our backyard is individual. We desire to belong of the service and assist our next-door neighbors throughout the state develop much-needed sources of tidy power. We are well on our method, with 1.5 gigawatts (GW) of clean, reputable energy consisting of one wind and 3 solar tasks presently in development and a prospective portfolio of 15 GW.
What obstacles do you face? Why?
Capital is among the most significant challenges we deal with at the moment. The sun and the wind offer electrical power, but capital is what moves whatever and everyone else. We require capital for everyday operations, and to develop, construct and operate our jobs.
Protecting advancement capital early is important in offering land control and affiliation studies to get projects off the ground. We are working hard to develop relationships with big financial investment firms that have a strong interest in renewables and can provide the capital required to produce a successful sustainable energy task.
How can potential partners work with you?
Lyssy Energy Enterprises is open to partnerships or joint ventures. We are readily available to go over the requirement for all types of capital stack with numerous equity, tax and debt business that run in this market and those interested in buying renewable resource projects and companies. Preferably, we want to work with financial investment partners that can supply capital from the development stage through the building phase. We are also open up to partners who are interested in investing in the company.
How are you making an impact through Lyssy Energy?
Lyssy Energy Enterprises strives to continue developing a varied business. We hope to assist balance the inequalities in our society by reaching out to individuals that are historically overlooked and passed over. Females and individuals of color are crucial to our success, and it is necessary to promote their development to positions of management and leadership.
Lyssy Energy is working with bad neighborhoods in rural areas, and we hope to make a difference by bringing eco-friendly energy tasks to areas with high rates of poverty and other vulnerable communities. It is important 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 everybody shares the advantages.
How has your Accelerate membership assisted your business?
Being able to participate in ACOREs Accelerate membership program is a delight and a benefit. The Accelerate Program has linked us to some of the biggest and most influential business in the world, and these connections help offer us the power to make a distinction.
To find out more about or contact Lyssy Energy Enterprises, check out https://www.lyssyenergy.com/.
In 2021, we have reintroduced ourselves to the world– no longer as an energy service business, but as renewable energy developers with the hope of owning and running utility-scale renewable energy projects.
Lyssy Energy Enterprises is an ingenious, privately held, utility-scale designer of solar, wind and battery energy options. Lyssy Energy believes that by releasing wind, solar and battery storage, we can maximize our efforts and offer 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 tasks to locations with high rates of hardship and other vulnerable neighborhoods. It is essential for the energy transition to not only change how we produce energy, but to bring the disenfranchised to the center of this technological development so everyone shares the advantages.