Hydrogen is rapidly becoming one of the most prevalent energy sources of the 21st century. In the coming years, it is expected to drive massive shifts in the way our world works, from possibly transforming the auto sector to providing reliable clean energy.
As one of the cleanest and most abundant zero-emission energy sources, hydrogen has a promising potential to revolutionize our economy. Hydrogen stocks are becoming increasingly attractive to investors, as many of the biggest companies in the world are showing an increased interest in pursuing hydrogen fuel cell technology.
Investing in hydrogen stocks gives investors the opportunity to reap the potential rewards associated with the hydrogen revolution. To help investors gain a better understanding of the hydrogen sector, we’ve put together a comprehensive list of the nine biggest hydrogen companies in the world in 2023.
Air Liquide is one of the pioneers in hydrogen production and distribution in Europe, the Middle East, and Africa. As a global powerhouse, it employs over 60,000 people in 80 countries and has a market cap of over $90 billion. Its activities include providing energy solutions and industrial gases and buildingfuel cells and other hydrogen-based products.
ITM Power is a prominent British hydrogen energy company. It produces and sells green hydrogen and provides hydrogen refueling infrastructure. With a market cap of over $4 billion, it is set to become hydrogen-infrastructure leader in the coming years.
Ballard Power Systems is a leading provider of hydrogen-based solutions. It is a Vancouver-based company with a market cap of over $2 billion. Ballard Power Systems primarily services the automotive, stationary power, and automotive sectors.
McPhy Energy is a France-based company specializing in hydrogen production, storage, and distribution. It is also engaged in the research and development of hydrogen-fuel cell solutions. With a market capitalization of over $1 billion, McPhy Energy has global ambitions to become the global leader in hydrogen energy technology.
FCA (Fiat Chrysler Automobiles) is a global automobile manufacturer. It has a market cap of over $26 billion and is an innovator in hydrogen fuel cell technology. FCA is investing heavily in hydrogen vehicles and is committed to developing the hydrogen-fuel-cell technology for large-scale commercial use.
Total S.A. is one of the largest oil and gas companies in the world, with a market capitalization of over $108 billion. It is looking to capitalize on the hydrogen revolution, and recently acquired EC-OG, a European supplier of small-scale electrolysers and related green hydrogen production equipment.
Toyota Motor Corporation is one of the largest automobile manufacturers in the world. With a market cap of over $212 billion, it has the financial resources to pursue its hydrogen-fuel-cell ambitions. Toyota is investing heavily in hydrogen-regenerative propulsion systems and making great strides in developing commercial hydrogen-powered vehicles.
Airbus is another prominent participant in the hydrogen sector. It has a market capitalization of over $87 billion and is actively involved in research and development of hydrogen fuel cell technology. Airbus is targeting hydrogen-capable launches in 2024.
Hydrogenics Corporation is a global leader in the hydrogen sector. It has a market cap of over $100 million and is actively engaged in the research and development of hydrogen infrastructure and the production of renewable energy with hydrogen-fuel-cell technology.
These are some of the biggest hydrogen companies in the world right now. Knowing which investments are more likely to yield results is key to making smart investments in hydrogen stocks. While there are many exciting opportunities to be had with hydrogen, always remember to make informed decisions when investing.