For comparison gasoline has about 9000 Wh/L of raw chemical energy, of which maybe 30-40% gets converted to useful work.
Gunpowder is 4-10 times less energy dense than gasoline. The difference is that gunpowder includes fuel and oxygen-producing substances, much like most of Li-ion batteries.
This thing is in gunpowder energy density range.
[1]: https://en.wikipedia.org/wiki/Metal%E2%80%93air_electrochemi...