The question is really “what problem is hydrogen solving?”
As medium for energy transport it is pretty terrible. Volumetric inefficiency and hazard management are big problems. It is extremely hard to beat electricity for most needs. Domestic energy use can be totally electricity, and a huge number of households already are. One might feel suspicious that efforts to push hydrogen gas as a domestic energy component is more about existing industries desperately trying to find a role in the future.
One area we need hydrogen is in ammonia synthesis- not for energy transport but simply to replace the black ammonia used in fertiliser production. That gets you 1% of global GHG in one hit.
As a short term energy buffer it might have value. Pumped hydro is the poster child for this, but not everywhere has the geography to do this. Batteries are really expensive and there is no reasonable prospect they will be able to bridge the gap anytime soon.
So if the efficiency and capital costs can be sorted out hydrogen may become a player here. That might enable it to springboard into other areas, but given the advantages other technologies have in most of the big energy delivery markets those inroads will still probably be quite niche.
One amusing idea comes to me. There are industries where CO2 emission is intrinsic to operation. Carbon capture is all well and good but long term sequestration is fraught. Combining hydrogen and the CO2 can yield a green methane which would be useful for other industries. Running furnaces for a start. Capture that CO2, rinse and repeat. There is still net carbon coming into the system from steel manufacturing, but most others just need the heat. So using hydrogen as an energy transport medium as an adjunct to carbon capture could yield a closed carbon cycle. Volumetric efficiency would still favour moving the CO2 to the hydrogen, but if the CO2 is pretty hot exiting the industrial process that additional heat may swing the balance to on the spot conversion. Just me pulling random ideas out of the proverbial. I doubt I’m the first to think of this, I just haven’t heard it before.
