[Finnster]

Its a little short on details, but I do not see how it creates any energy. You are splitting a H-O bond to burn the hydrogen, ie oxidize it back to a H-O bond. You can only lose energy in the process.

I think the only point of it would be to be a more efficient means to create hydrogen that could later be used (in a fuel cell or direct combustion) other than hydrolysis or chemical reactions.