Story perspectives

Quest One Cuts Workforce Amid Struggling Green Hydrogen Market

12/19/2025

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Summary

Story summary

Quest One reduced its workforce by 20% earlier this year due to weak demand for green hydrogen electrolysers in northern Germany.
Nima Pegemanyfar, a Quest One executive, notes that the market is not growing organically.
Green hydrogen remains costly compared with fossil fuels.
Low-emissions hydrogen production accounts for less than 1% of global output.
Quest One intends to reduce production costs to €4 per kilogram while scaling remains a challenge.

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Story summary

Quest One reduced its workforce by 20% earlier this year due to weak demand for green hydrogen electrolysers in northern Germany.
Nima Pegemanyfar, a Quest One executive, notes that the market is not growing organically.
Green hydrogen remains costly compared with fossil fuels.
Low-emissions hydrogen production accounts for less than 1% of global output.
Quest One intends to reduce production costs to €4 per kilogram while scaling remains a challenge.