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It is frustrating that Couchfucker doesn't want this and for the wrong reasons.
Hydrogen powered shit is dumb. Like, super dumb. It is nearly impossible to store the shit without it corroding the tanks, fittings, whatever. So maintenance cost will be a killer in the long run. Nevermind the whole Hindenburg-esque possibility of the plant. Worse than that, unless that hydrogen is coming from renewable sources (aka. "green" hydrogen), it will actually be way worse for the environment. Most of the shitty sources are actually fossil fuels (aka. "blue" hydrogen). And guess who would love to make and sell hydrogen from fossil fuels and is therefore lobbying for government projects for this kind of shit? That's right, our "friends" Big Oil.
Hossenfelder discusses this in her video Hydrogen Will Not Save Us. Here's Why. https://youtu.be/Zklo4Z1SqkE
So yeah. I hate agreeing with Couchfucker about this one very specific point.
I had the same skepticism, so I looked into it. The TL;DR is that this isn't that. It's not using the hydrogen as a fuel source; it's using it as reactant in the reduction reaction that produces metallic iron from iron oxide, so that it does { Fe~x~O~y~ + H~2~ ⟶ Fe + H~2~O } instead of { Fe~x~O~y~ + CO ⟶ Fe + CO~2~ }.
(For the record: I completely agree with everything you wrote, except for the small mistake of assuming "hydrogen powered shit" was an accurate description of this particular project.)
TIL!
Thanks for the links