At most this is a more efficient way to liberate the hydrogen than electrolysis (electrolysis is about 50% efficient). It would be a useful result, although not earth shattering, if the efficiency of this process is better by 10 or 20 points. It’s definitely not a way to “create” energy.
But since they don’t appear to have actually done the calculations you can’t even be sure that this is more efficient than electroysis. (Said calculations apparently require large amounts of grant funding even though an honors science student in high school could get a good estimate in about 2 hours given one of the radio devices).
If it has a higher efficiency for obtaining and burning hydrogen than existing methods he likely would have publicized that fact. Ergo, it is likely no more efficient than other means so Federal funding is sought to research marketable applications which would result in proceeds to his university. The univeristy isn't funding it so that's a clue....