In essence brewing process is a hell of a lot about moving heat around: You heat water to mash the grain to make wort, you boil the wort, then you remove the heat (via heat exchanger) as quickly as possible to get the wort down to where the yeast is happy. What are you going to do with all that energy you've pumped in to the fluid in the first place and have just pumped out again? If you're clever (energy conscious) you find a way to cycle that back into the process. There are lots of opportunities to optimise and conserve the energy that gets shunted back and forth in a brewery and it's a whole art/science in itself.
It's a collaboration with a local university to test the technique on industrial scale. According to the researchers there the goal is to grow to grid-scale and convert coal-fired power plans in the coming decade.
So having ships, planes or even cars powered by burning iron seems to be unfeasible (at least from energy production standpoint). Albeit iron has much higher density, so if weight is not a problem then it may work. Iron has energy density of about 40 MJ/liter which is comparable with coal, diesel, petrol, which have ~34-40 MJ/liter.
Most cars run on the Otto cycle, less efficiently. (It is named after the person, not the vehicle.:-)
aluminum of course. It is cheap too and has higher specific energy than iron. Using aluminum-air fuel cell instead of burning makes the efficiency about 2 times higher. The actual cars powered by aluminum have range up to 2000km per refueling.
Although we could have really fast nuclear powered container ships and the whole problem goes away
Edit: Made me day dream about Iceland exporting iron powder for burning, electrolysed with their geothermal energy.
The brewery is like lots of other industrial processes. They need a lot of heath which typically coal produce today. Metal powder can replace coal in all these industrial settings.
This is just a way for the brewery to get cheap heat, with a level of indirection from the source coal so it can be advertised as green.
It's a shame the journalist that did this article didn't think to research how iron is typically made...
Then there would be NOx pollutants either.