---
title: "Trump set to preserve billions of dollars in funding for hydrogen ventures"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283024957.md"
description: "The Trump administration is set to maintain billions in funding for hydrogen ventures and projects supported by major companies like Exxon Mobil and Chevron. This includes reviving direct-air capture projects previously selected by the Biden administration, which will share $1.2 billion. Additionally, funding for a carbon-capture cement plant in Indiana led by Heidelberg Materials has been reinstated. A detailed list from the U.S. Department of Energy outlines around 2,000 funding awards that will be retained or modified."
datetime: "2026-04-16T15:13:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283024957.md)
  - [en](https://longbridge.com/en/news/283024957.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283024957.md)
---

# Trump set to preserve billions of dollars in funding for hydrogen ventures

The Trump administration plans to preserve billions of dollars in funding previously awarded by the Biden administration for hydrogen ventures and other projects backed by companies such as Exxon Mobil (XOM), Chevron (CVX), Exelon (EXC), EQT (EQT), and Bloom Energy (BE), Bloomberg reported Thursday. Also reportedly revived were a pair of direct-air...

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