Basically, the idea is to take excess energy from the A/C condenser unit (heat dissipation in cooling mode) and extract hydrogen and carbon from the air and produce a hydrocarbon fuel. Sounds cool enough. And surprisingly not way-out there futuristic because some of the basic technologies are already developed. This is a great application of Carbon Capture and Sequester (CCS) technologies. It is extremely local, and would create a local fuel that could be portable (hydrogen and/or synthetic oil).
Personally, I like the fuel cell concept where the fuel cell uses hydrogen and can go basically instant-on, thereby serving as a backup generator. Energy (from any source) can be used to make hydrogen from air, water and other sources including methane and alcohol. As an example, a miniature fuel cell can be implanted into the human body with hydrogen as the fuel, and recharged through the skin (reversing the fuel cell process with hydrogen and oxygen on one side and water on the other); thereby creating a low toxic battery solution.
Implied in this article is the idea of using centralized power plants and then at the point of use, home or business, creating a CCS which also creates a local, portable fuel. This brings us back to industrial solutions where the CCS is done at the plant where about half of all the energy produced is lost (heat from turbines) and CO2 is intense vs the 410 (to 900) parts per million in the atmosphere (and in buildings).
Hidden in this whole discussion is that scenario that is here and now, not futuristic. Renewable energy is cheaper and massively cleaner than conventional energy, and it can be located anywhere. Storage, in some form, is really the bottleneck; and storage in the form of synthetic fuels is a really, really cool (partial) solution.