Dalrada Energy Services Appoints William Probst as VP of Energy Management

Rhea-AI Summary

Dalrada Corporation (OTCQB: DFCO) appointed William Probst as Vice President of Energy Management for Dalrada Energy Services. Probst brings over 25 years of experience in the Energy Services Company (ESCO) industry, enhancing the company’s capabilities in energy efficiency and renewable applications. His expertise may lead to significant cost savings for clients, with past projects showing up to 80% savings.

Dalrada aims to improve client sustainability goals and reduce carbon emissions through advanced technology solutions and comprehensive energy audits.

Positive

• William Probst brings over 25 years of ESCO industry experience.
• Expertise in achieving up to 80% cost savings for clients through energy efficiency.
• Expected enhancement of Dalrada's capabilities in sustainability and ESG initiatives.
• Probst's leadership is likely to improve client access to innovative energy solutions.

Negative

• None.

SAN DIEGO--(BUSINESS WIRE)-- Augmenting executive leadership teams to facilitate global sustainability and ESG (Environmental, Social, and Governance) are key topics within every company. Accordingly, Dalrada Corporation (OTCQB: DFCO, "Dalrada") announces William "Bill" Probst as Vice President of Energy Management of Dalrada Energy Services.

Dalrada's Chairman and CEO, Brian Bonar, states, "Dalrada welcomes Mr. Probst, who holds more than 25 years of dedicated experience in the Energy Services Company (ESCO) industry. His intellectual property and vast network of resources significantly optimizes energy use cases. Dalrada Energy Services' clients will gain a tremendous positive advantage while achieving their clean energy sustainability goals and actualizing associated cost savings."

The former Principal of Energi Pros, LLC, Mr. Probst's background shows specialized experience in energy efficiency, water conservation, and renewable energy applications. His expertise in conducting "green" energy audits and tax benefit assessments determines new construction and retrofit cost savings with commercial and residential buildings. In certain instances, efficiency improvements by Mr. Probst have resulted in up to 80% cost savings across wind, solar, electric, gas, and water utilities.

Tom Giles, Dalrada Energy Services’ President, states, "Mr. Probst has been helping companies with ESG before ESG was part of any discussion. We are excited to add Bill and his experience to our team, leading Dalrada into the next wave of ESG. We now have ways to place all that information at our customers' fingertips, allowing them to do things they could not do less than a year ago – such as trading carbon credits and real-time energy use monitoring."

Dalrada Energy Services' comprehensive commercial solutions reveal unmet energy savings for clients while reducing the environmental impact of harmful carbon and greenhouse gas emissions. Green energy audits led by Mr. Probst include LED lighting, HVAC, chillers, air handling, power factor/peak demand reduction, motor and phase controllers, capacitor banks, and more. Additionally, these efforts have resulted in substantial tax savings for affordable housing geothermal tax incentive projects, particularly in the government sector.

Dalrada Energy Services leads with disruptive advanced technology solutions, including Likido^®, Dalrada's clean energy subsidiary, to reduce time and expense to market for its clients that are implementing long-term clean energy and sustainability initiatives.

Dalrada continuously creates innovative, impactful solutions to address the complex challenges of today and the future. More information about Dalrada Energy Services will be available soon at www.DalradaEnergy.com. To learn more about Dalrada Corporation, please visit www.Dalrada.com.

About Dalrada (DFCO)

With perseverance, valor, dedication, and vision, Dalrada Corporation is dedicated to tackling worldwide challenges of today and tomorrow.

Dalrada is a global company that operates under the tenet of creating impactful innovations that matter for the world. The Company works continually to produce disruptive solutions that bridge the gap of accessibility and accelerate positive change for current and future generations.

Established in 1982, the Company has since grown its footprint to include the business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Each of Dalrada's subsidiaries actively produces affordable and accessible world-class solutions to global problems. For more information, please visit www.dalrada.com.

Disclaimer

Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations regarding these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the US Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220321005228/en/

Denise Mahaffey

858.283.1253

inquiries@dalrada.com

Source: Dalrada Corporation

FAQ

What is the significance of William Probst's appointment at Dalrada Corporation?

William Probst's appointment as Vice President of Energy Management is significant as he brings over 25 years of experience in the ESCO industry, which is expected to enhance Dalrada's sustainability initiatives and client cost savings.

How might Probst's expertise impact Dalrada's clients?

Probst's expertise in energy efficiency and renewable applications may lead to substantial cost savings for Dalrada's clients, with previous projects achieving up to 80% savings.

What are Dalrada's goals for sustainability under the new leadership?

Dalrada aims to improve sustainability goals and reduce carbon emissions by leveraging advanced technology solutions and comprehensive green energy audits led by Probst.

What innovations can clients expect from Dalrada Energy Services?

Clients can expect innovative energy solutions, including the ability to trade carbon credits and real-time energy use monitoring, enhancing their sustainability efforts.