The excitement back in 2020 surrounding the potential for hydrogen, and the green energy sector as a whole, reached a fever pitch. Companies and governments around the world invested billions of dollars into various green energy initiatives, with the US and European nations leading the way. The hype came to a screeching halt in the following years due to high costs, a lack of current demand, regulatory and political uncertainty, and slower than expected development of necessary infrastructure.
The tides are indeed turning and a renewed energy behind hydrogen is emerging. The companies remaining stand to see substantial upside over the next few decades. Companies that weathered the storm of the past few years could make a killing as the hydrogen market is expected to balloon to $1.4 trillion annually by 2050.
Of the companies still forging the path forward in the hydrogen space, here are three top picks to succeed long-term for investors.
This post originally appeared at The Motley Fool.