I am not convinced that the video shows a sustained flight. The plane was launched from a raised platform using a catapult. Without proper measurements, it's hard to tell if it maintains both airspeed and altitude, or just uses the initial kinetic energy from the catapult to fly for those few seconds of the video.
In any case, not only energy storage tech is nowhere near the needed level for full scale applications, this seems to be a very low efficiency approach to thrust generation.
There have been talks about battery powered airliners using conventional ducted fans, but even those, while realistically possible, are facing issues that make them non competitors to jets, mainly due to the need to haul all those heavy batteries during the entire flight, reducing the autonomy and negatively affecting safety during landing.
I call it a gimmick.