Gilbert company gets energy funds - East Valley Tribune: Business

Gilbert company gets energy funds

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Posted: Wednesday, July 11, 2007 6:20 am | Updated: 7:20 pm, Fri Oct 7, 2011.

U.S. Department of Energy said Tuesday it will fund research on a process developed by a Gilbert company that turns coal into synthetic gas.

Diversified Energy’s process, called HydroMax, was chosen on behalf of The Small Business Innovation Research Phase 1 program. The selsection is designed to provide HydroMax funding for development that may lead to significant public benefit.

Phillip Brown, oresident and CEO of Diversified Energy, said the the funding for the gasification technology can solve problems to provide the industrail sector with a clean alternative of natural gas.

“The industrial sector can realize substantial benefit from energy cost stabilization,” Bown said.

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