Directly? Hell no. Piping hydrogen to homes is a nightmare.
As a method to bank excess energy (like a form of gas battery) in the form of H2 in off-peak generation hours, to use later during peak consumption? It absolutely will upturn the industry in a few years.
Got a windmill and a water source? You got Hydrogen production when you are at anything under 100% capacity. And unlike batteries, expansion only requires you add another tank, not more rare metals.
But why hydrogen? I'm asking from ignorance here, but hydrogen is volatile, corrosive, and notoriously hard to store. What is the advantage over gravity/hydrological batteries, molten salt, compressed air etc?
Because it is not as difficult as you think it is. A lot of gas infrastructure can be converted to use hydrogen and we have the technology to handle hydrogen. That basicly means new seals and pumps for pipelines and some storage sites can be converted as well. With that you get a massive storage site. Even more importantly a lot of chemical processes use hydrogen and some steel production processes as well.
The problem is that hydrogen is going to be more expensive then electricity and electrolysis units are very expensive today. So if you can electrify something it propably is smarter to do that then to use hydrogen.
Since 95% of current hydrogen production is from fossil fuels with no foreseeable scalable replacement, the benefit is profits for fossil fuel companies who wouldn't make money off those of those proven methods.
I think there's more to it than that. Much of the UK's existing housing stick will find it difficult to switch to heatpumps in the short-medium term to replace existing gas boilers, so as part of netzero, the UK government did pilots to see if piping hydrogen could be a viable alternative.
Hydrogen is less efficient than electricity, and takes more energy to produce. Unless the process improves significantly, I can understand why it won't be the major source of heat for home use.
It's not their effectiveness that's in question, just their efficiency.
Obviously the conversion of electricity > heat is always the same (100%) but induction is better at getting more of that heat into the food rather than the surroundings.
Most of the time when people suggest heat pumps they mean ground source ones. District cycle heat pumps would be the best solution from a cost and efficiency perspective, but require common action to install new infrastructure and so are harder to get than building level solutions.
Outside of that, unfortunately geothermal electricity tends to be very location and geology dependent. We absolutely should be taking full advantage of it where we can, but there are unfortunately limits on where is practical.