A kilogram of hydrogen holds 39.4 kWh of energy, but typically costs around 52.5 kWh of energy to create via current commercial electrolyzers. Australian company Hysata says its new capillary-fed electrolyzer cell slashes that energy cost to 41.5 kWh, smashing efficiency records while also being cheaper to install and run. The company promises green hydrogen at around US$1.50 per kilogram within just a few years. Efficiency is one of the big knocks against hydrogen as we move toward a clean energy future. It can store far more energy per weight or volume than batteries, and it supports fast refueling, making it useful in applications where batteries just don’t have the energy density to compete. But where batteries are a highly efficient way to store and release energy, hydrogen seems to throw energy away at every step: electrolysis, storage and transport, conversion back into…