Water in a typical closed steam system is managed with various chemicals, and not simply pure water. That is because even with pure water, you will always get some interaction with the system elements and oxygen or whatever gases are present. Methods for managing that have been optimized for large steam plants. Who knows what would "get into the water" even in a closed system with this material and whatever others are required.
I wouldn't assume you can produce high pressure steam with any velocity through this foam. It appears very fragile, and would probably get torn apart by even a low flow approach. If true, that makes a direct closed system approach unlikely. If not true, it still would appear to require a huge exposure area to produce any usable output, which presents significant flow management and collection problems.
So, not all slashdotters are as lost on the matter as you may suppose.