Orbiting Lasers for Hydrogen Power

DerekLyons writes: "Yahoo is carrying a story about a Japanese scientist who plans to use giant orbiting lasers to extract H2 from seawater. The interesting part of the scheme is that design uses solar pumped lasers, which avoid the loss of efficiency (and increased launch weight) from powering the laser with electricity from solar cells. Is the way to finally break the main dilemma of the hydrogen economy? (That it takes more energy to make the hydrogen than you gain in using it.)"