By Constance ThompsonOctober 7, 2021
The American Council on Renewable Energy (ACORE) is happy to share the next installation in our “Accelerating Renewables” blog site series.
Each installment features market leaders and topics associated with speeding up a fair and simply shift to a sustainable energy economy. In recognition of National Hispanic Heritage Month, ACORE is highlighting 3 Hispanic-owned member business that are prospering in the sustainable 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 started 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 income. Prior to we understood it, my partner and I were assisting others in the same circumstance. So, we made it main, got and started a company to work.
A couple years later, we started partnering with eco-friendly energy designers. We used 2020 to rebrand Lyssy Energy into the business we had constantly dreamed about. In 2021, we have actually reestablished ourselves to the world– no longer as an energy service business, however as eco-friendly energy designers with the hope of owning and running utility-scale renewable energy projects.
Inform us about Lyssy Energy.
Lyssy Energy Enterprises is an innovative, independently held, utility-scale designer of solar, wind and battery energy options. Our prime regulation is to add to the velocity of the energy markets transition to sustainable energy. We focus our operations in Texas, where booming population and organization growth imply a quickly growing demand for energy. Lyssy Energy thinks that by deploying wind, solar and battery storage, we can maximize our efforts and supply all sort of renewable resource solutions. This state is our house, and the energy crisis unfolding in our backyard is personal. We desire to belong of the solution and assist our neighbors throughout the state establish much-needed sources of clean power. We are well on our method, with 1.5 gigawatts (GW) of clean, reputable energy including one wind and 3 solar tasks presently in advancement and a potential portfolio of 15 GW.
What difficulties do you face? Why?
Capital is one of the biggest obstacles we face at the moment. The sun and the wind supply electrical power, but capital is what moves everything and everyone else. We require capital for everyday operations, and to develop, construct and operate our projects.
Protecting development capital early is necessary in supplying land control and affiliation research studies to get projects off the ground. We are working hard to establish relationships with big investment companies that have a strong interest in renewables and can offer the capital essential to develop a successful sustainable energy job.
How can possible partners work with you?
Lyssy Energy Enterprises is open to partnerships or joint endeavors. We are available to go over the need for all types of capital stack with numerous equity, tax and financial obligation companies that run in this industry and those interested in investing in renewable energy tasks and business.
How are you making an impact through Lyssy Energy?
Lyssy Energy Enterprises makes every effort to continue constructing a diverse business. We intend to assist stabilize the inequalities in our society by reaching out to individuals that are historically disregarded and passed over. Females and people of color are crucial to our success, and it is necessary to promote their advancement to positions of management and management.
Poverty is another issue we wish to attend to. Lyssy Energy is dealing with poor neighborhoods in rural locations, and we hope to make a distinction by bringing renewable resource projects to locations with high rates of poverty and other vulnerable neighborhoods. These tasks provide trusted and budget friendly electrical power, and also bring job opportunities and infrastructure 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 advancement so everybody shares the benefits.
How has your Accelerate subscription assisted your company?
Having the ability to take part in ACOREs Accelerate subscription program is an advantage and a delight. This program has supported our efforts to be a part of the solution throughout this unsure time in our lives. The Accelerate Program has actually linked us to a few of the biggest and most prominent business worldwide, and these connections assist provide us the power to make a distinction. Someday, we intend to return the favor.
To find out more about or contact Lyssy Energy Enterprises, see https://www.lyssyenergy.com/.
In 2021, we have reestablished ourselves to the world– no longer as an energy service company, however as renewable energy developers with the hope of owning and running utility-scale eco-friendly energy jobs.
Lyssy Energy Enterprises is an innovative, privately held, utility-scale developer of solar, wind and battery energy services. Lyssy Energy thinks that by deploying wind, solar and battery storage, we can maximize our efforts and provide all kinds of sustainable energy services. Lyssy Energy is working with poor neighborhoods in rural areas, and we hope to make a distinction by bringing sustainable energy projects to locations with high rates of poverty and other vulnerable communities. It is crucial for the energy shift to not only change how we produce energy, but to bring the disenfranchised to the center of this technological evolution so everybody shares the benefits.