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Re:Water Out of the Tailpipe: A New Class of Electric Car Ga... by hendler on Tuesday July 26, 2016 @06:29PM (#12169220)
Electrolysis can be made more efficient. [0][1][2]

For commercialization efforts see See also http://www.bloomenergy.com/ and http://ballard.com/.

Also - if the power source (like geothermal or solar) is remote, energy transport via high tension line can be inefficient. Hydrogen can be seen as cheaper transport of energy.

[0] - https://en.wikipedia.org/wiki/Polymer_electrolyte_membrane_e...

[1] - http://www.sciencedirect.com/science/article/pii/S0360544206...

[2] - https://en.wikipedia.org/wiki/Proton_exchange_membrane_fuel_...

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