For comparison gasoline has about 9000 Wh/L of raw chemical energy, of which maybe 30-40% gets converted to useful work.
Almost half way there
ICE engines outsource half of the reactants to the atmosphere, so this comparison isn't as useful as it appears at first.
https://en.wikipedia.org/wiki/Energy_density
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.