In classroom demonstrations of electrolysis of water a little salt (sodium chloride) or H2SO4 (sulphuric acid) is added to the water to make the process more efficient (and faster). The electrodes are often platinum, but they don't have to be. Stainless steel electrodes also work well.
Electrolysis - Wikipedia, the free encyclopedia
I think Malcolm hit the relevant points when he mentioned the storage issues with the O2 and H2. To store them at ambient pressure requires large containers; to compress them requires an input of energy, thereby reducing efficiency still further.
When the gases are recombined to extract the stored energy, a fuel cell will be required. Fuel cells are neither cheap nor simple. Unless the cost of fuel cells drops dramatically, I don't see how they would be a better option than batteries.
The article, and the accompanying video clip, seem to suggest that currently there is no way to store solar energy for later use. I think that we know that this is untrue.
Lastly, plants do not store energy in the manner described. Plants store solar energy in the form of simple sugars (glucose, fructose, & sucrose). Photosynthesis can be described chemically as follows:
6 CO2(g) + 12 H2O(l) +
photons →
C6H12O6(aq) + 6 O2(g) + 6 H2O(l)
carbon dioxide + water + light energy → glucose + oxygen + water
It is possible that the researchers at MIT are using the enzymes from the Photosystem II pathway:
Photodissociation - Wikipedia, the free encyclopedia
I had posted on the Tesla Founders blog several months ago (March 27th @ 1:47pm, "Focus Green") that I had some ideas related to energy harvesting and storage using biological systems, although I didn't elaborate at the time, I was thinking specifically of the electron transport chain in photosynthesis (which includes PS II). Anyway...