Liquid Fluoride Thorium Reactors will work both as Base Load and Load Following power plants. LFTR’s operate at a much higher temperature than conventional power plants and operate at about 45% electricity conversion efficiency, as opposed to 38% or lower for steam generators. In addition, because of the higher operating temperature it is ideal for hydrogen generation. The reactor would use the electricity generation to satisfy the current demand and produce hydrogen during times of low demand. This hydrogen would be temporarily stored and used for electricity production at peak demand. And hydrogen power produces only water when burned, no CO2 or polluting fumes are generated. With the objective of reducing the cost of hydrogen production, solid oxide electrolyser cells (SOECs) are especially well suited. SOECs operate at high temperatures, typically around 800 °C. At these high temperatures a significant amount of the energy required can be provided as thermal energy (heat), and as such is termed High temperature electrolysis.