Dalrada Corporation (OTCQB: DFCO) said it has appointed industry veteran Phil Marriott to the company’s board, to strengthen its position, particularly in the hospitality sector, as the industry hotel tries to meet energy saving and sustainability standards.
An accomplished businessman, Marriott has over 50 years of experience in the hospitality industry. The Phil Marriott Company has partnered with Colliers International to help existing hotel owners, REITs and financial partners enhance the growth and expansion of their operating partners.
Marriott’s influence within multiple industries enables Dalrada and its subsidiary, Dalrada Energy Services, to positively impact the global hotel and hospitality industry through its environmental compliance offerings, Sustainability and Governance (ESG), the company noted.
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In a statement, Dalrada CEO Brian Bonar said, “The addition of Phil Marriott – a visionary and proven leader and trusted advisor – to our Board of Directors strengthens Dalrada’s position, particularly with a sustainable hospitality.”
He added, “Mr. Marriott’s guidance is helping Dalrada achieve one of its primary goals; enabling hotels around the world to be ESG compliant. Dalrada Energy Services is actively guiding hotels to adopt clean energy savings with significant cost savings, and I am extremely pleased to welcome Mr. Marriott to our organization. »
Research for the hospitality industry shows that electricity is the largest utility expense, followed by water and gas/fuel. To reduce dependence on fossil fuels, Dalrada Energy Services (DES) offers its flagship product, the LikidoONE heat pump, which offers an innovative solution by having an all-in-one low emission heating and cooling pump design. carbon. This breakthrough technology has the potential to generate transformational energy savings for hotels.
The beauty of the LikidoONE system is that it operates in combined heating and cooling mode producing 160 kilowatts (kW) of high quality heat, while extracting 120 kW of cooling, delivering efficiencies of up to 800%, depending on the society. Likido ONE heat pumps are powered by sustainable and renewable energy sources, increasing energy efficiency nine times over traditional water heating methods with an estimated cost saving of 75% compared to conventional sources. fossil fuels, the company added.
In addition, Dalrada Energy Services’ end-to-end ESG compliance solutions improve existing properties or design new properties with no capital outlay, take advantage of tax credits, significantly increase property values and create new sources of revenue. income, including carbon credits. The results produced by DES enable owners to realize substantial cost savings and actualize new growth opportunities while “going green”.
Dalrada Energy Services President Tom Giles noted that Marriott’s experience in “responsible sustainability in hotels and real estate” will help guide Dalrada as it expands into multiple markets, including clean energy.
“Phil Marriott’s influence is accelerating the reach of ESD across thousands of hotel properties, delivering extreme value to owners as everyone ‘goes green’ by implementing ESG solutions,” Giles added.
Currently, Phil Marriott is building teams of experienced real estate experts, owners, capital sources and hospitality industry leaders who can privately manage acquisitions and divestitures and provide creative capital solutions globally. entire.
Marriott graduated from Brigham Young University with a degree in accounting. He supports Rotary International as an influential member and sits on several corporate boards.
Dalrada specializes in high-growth companies in three vertical sectors: healthcare, clean energy and information technology. The group accelerated its growth thanks to Dalrada Health, Dalrada Precision, Dalrada Technologies and its new division, Dalrada Energy Services in very high growth markets.
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