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This is not true at all. The cost of storage scales very well for hydrogen, must better than any other alternative. Transportation is context dependent. If you can build transmission lines, then do so. But hydrogen and synthetic fuels allow you to ship energy half way around the world. It is still the second best option even in that case.

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You need to compress hydrogen and storage containers need to be specially built for H2. It requires more energy and specific tankers to be able to handle it under pressure.

It is a fuel which has that advantage in that is it does transport around the world and can utilized on the specific site intentioned.

That said it is expensive specifically for hydrogen relative to other fuels that don't need special handling/containers/pressurizing.

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