The Trump administration announced the maintenance of federal hydrogen and carbon capture funding on April 16, 2026. The U.S. Department of Energy will continue to oversee billions in allocated capital.
The agency plans to retain or modify approximately 2,000 funding awards. These awards support projects led by energy giants Exxon Mobil, Chevron, and Occidental Petroleum.
The federal funding secures two direct-air capture facilities. The allocation also supports one carbon-capture cement plant.
This decision continues initiatives originally established by the previous administration. The move provides a competitive advantage for oil and gas producers navigating the evolving energy landscape.