If we build out our GHG-free power capacity beyond our electricity demand, efficiency isn’t an issue. We need fresh water. We need hydrogen and oxygen. I’m sure there are other convenient things to produce whenever electricity demand falls off. These energy storage and reselling schemes are just destroying value.
I’m not sure what you mean. Natural fresh water supplies are stressed in many regions. We need hydrogen to fuel vehicles and for the production GHG-free steel and fertilizer. Oxygen of course is necessary for medical and industrial applications. Safely handling hydrogen and oxygen is a solved problem and these gases are not polluting if you have to vent to atmosphere. It only makes sense from a wasteful, financially extractive perspective to store extra electricity by environmentally questionable means instead of actually using that energy right away.