Air Liquide, a French company, has selected two out of the six hydrogen projects with the U.S. Department of Energy as most likely to progress following President Trump's freeze on clean energy project funding. The projects were part of a $7 billion allocation under a bipartisan infrastructure law. While Trump's actions have halted various approved expenditures, Air Liquide's CEO anticipates the prioritization of hubs focusing on hydrogen from natural gas with carbon capture. The future of the remaining four hubs is uncertain and contingent on the new administration's stance on renewable energy policies. Air Liquide, a recipient of funding from Biden's Inflation Reduction Act, has invested significantly in the U.S. clean energy transition. This includes collaborations like enhancing low-carbon hydrogen production with ExxonMobil in Texas. The final decision on this project is expected in the latter half of 2025. Despite the focus on hydrogen, Air Liquide's U.S. operations also involve industrial gas supplies to companies like Micron Technology and support for LG Chem's electric vehicle battery plant. The CEO expressed confidence in ongoing projects with customers. Additionally, potential tariffs by Trump are projected to have minimal impact on Air Liquide's U.S. business due to local sourcing of materials.