Can someone please ELI5?
Consider a 25% efficient solar panel -> 50% electrical efficiency to convert H2O into H2 + O2 == 12.5% total efficiency (and a 25% efficient solar panel is a high-end panel). So this design discussed is probably better than the status quo.
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There are internet flame wars over the future of energy and energy storage.
Lithium Ion batteries are one form. Hydrogen is being proposed as a fuel of the future (with Japan showing off Hydrogen torches all over the Olympics earlier this year, as a lot of Japanese companies are pushing Hydrogen as a future fuel)