The problem with hydrogen is the storage cost. Improving wire to to wire efficiency can help only so much. Have you calculated the electricity cost with those efficiency rates when you include the cost of storage? "Overall cost of renewable hydrogen in 2030 varies from €2.80–15.65/kgH2." improves with scale. https://www.sciencedirect.com/science/article/pii/S036031992...
Quick and dirty math, may contain errors:
Lightcell target is 0.5 kWh/L. Hydrogen weighs 0.09kg/L.
-> storage cost alone: ~ €0.5/kWh in large scale, €2.5/kWh in small scale.
Average electricity cost in the EU has been €0.289 per kWh.