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Charley, hydrogen isn't the answer to climate change any more than gasoline is the answer to climate change. Pure hydrogen doesn't exist in nature - it's always attached to another atom to form a molecule. That "other" atom, for 95% of the industrial hydrogen manufactured worldwide, is carbon. Separating the two always requires more energy than they give back. Separating the two always...
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This project makes sense for high volume, long duration energy storage. It could support grid integration of higher levels of renewable resources, or provide peaking power to complement baseload nuclear. It also sounds environmentally friendly in that it will use a constructed reservoir atop a plateau that won't involve damming any existing river or flooding of sacred sites.