No, production cost in terms of energy, as energy efficiency could be good for useage, but if it costs far far more energy to produce then it is not practical/efficient in the larger scheme of things. Meyer claimed a lot of things I've heard, not seen any substantiated though.
You don't understand still, electrical generation, means a net gain of electricity; it is not possible to gain it with hydrogen electrolysis because you have to put more in than you get out. That is why I keep saying it is only of some use as energy transport, and none as generation.
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