Dalrada Corporation Appoints Phil Marriott to Board of Directors
Dalrada Corporation would like to thank its investors and shareholders for their ongoing support as the Company announces the appointment of Phil Marriott to its Board of Directors. An accomplished businessman and noted professional partner, Mr. Marriott brings more than 50 years of hospitality and real estate industry experience to Dalrada; Marriott International has the world’s largest loyalty program. Phil Marriott’s influence within multiple industries enables Dalrada and its subsidiary, Dalrada Energy Services, to immediately positively impact the global hotel and hospitality industry through its Environmental, Sustainability, and Governance (ESG) compliance offerings.
Brian Bonar, Dalrada’s Chairman, and CEO, states, “Adding Phil Marriott – a visionary, proven leader, and trusted advisor – to our Board of Directors strengthens Dalrada’s position, especially with sustainable hospitality. Mr. Marriott’s guidance aids Dalrada in addressing one of its key goals; enabling hotels worldwide to become ESG compliant. Dalrada Energy Services is actively guiding hotels to adopt clean energy efficiencies with significant cost savings, and I am extremely pleased to welcome Mr. Marriott to our organization.”
Global net-zero initiatives reveal that burning fossil fuels undeniably increases the CO2 concentration in the atmosphere and the oceans’ surface. Research in the hospitality industry shows that electricity is the most significant utility expense, followed by water/service, utility cost, and gas/fuel.
To reduce reliance on fossil fuels, Dalrada deploys a unique methodology through Dalrada Energy Services (DES) that includes Dalrada’s proprietary Likido® heat pump technology. Likido®ONE heat pumps are powered by sustainable and renewable energy sources, boosting energy efficiencies by nine times more than traditional water heating methods with an estimated cost savings of 75% over fossil fuel sources.
In addition, DES’ end-to-end ESG compliance solutions upgrade existing properties or design new properties without capital outlay, leverage tax credits, significantly increase property values, and create new revenue streams, including carbon credits. Results produced by DES enable property owners to achieve substantial cost savings and actualize new growth opportunities while “going green” through the adoption of ESG compliance.
Tom Giles, Dalrada Energy Services’ President, states, “Mr. Marriott’s background in responsible sustainability in hotels and real estate will help guide Dalrada as it expands into several markets, including clean energy. Phil Marriott’s influence accelerates DES’ reach into thousands of hospitality properties, providing extreme value to property owners as each ‘goes green’ by implementing ESG solutions.”
Mr. Marriott’s namesake company has built long-lasting partnerships that enhance growth and expansion; these relationships include many hotel owners, private and public funds/REITs, and capital partners across many asset classes, including major real estate companies like Colliers International in Salt Lake City.
Currently, the Phil Marriott Company builds teams of experienced real estate experts, property owners, capital sources, and hospitality industry leaders who can privately manage acquisitions and dispositions and provide creative capital solutions worldwide. These solutions impact land development, data centers, self-storage, adult living centers, multi-family properties, and more.
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Mr. Marriott graduated from Brigham Young University with a degree in accounting. He is community-driven, with support given to Rotary International as a member. He serves on multiple boards, including Intermountain Hospital Foundation Board – Utah Valley Hospital and United Families International. Mr. Marriott has also served on boards of the following organizations:
- Brigham Young University Alumni Board
- University of Utah Marriott Library
- Utah Valley University (UVU) Foundation Board (UVSC)
- Provo City School Foundation Board
Dalrada continuously creates innovative, impactful solutions to address the complex challenges of today and the future. To learn more about Dalrada Corporation, please visit www.Dalrada.com.
Source: Dalrada Corporation