[kidd]

Assuming that they can find an insurer willing to deal with large volumes of pressurized hydrogen storage, then it would be far more efficient to convert the hydrogen to electricity with fuel cells than to simply burn it. Molten carbonate fuel cells are cheap, work at these elevated temperatures and do well with pure hydrogen.

[thackney]

Assuming that they can find an insurer willing to deal with large volumes of pressurized hydrogen storage

That is not a problem. We already have hydrogen storage and hydrogen pipelines used in the Refining and Petrochem Industry.

http://www.airproducts.com/Microsites/h2-pipeline-supply.aspx

The issue is the cost. It is not more cost effective than other energy sources.