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Iron is not a true energy source like oil or coal to make electricity or heat. It is actually an element that is used in many types of construction work and materials.

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Interestingly Iron is the perfect element. All elements lighter than Iron can be fused together to release energy (this is what powers stars). All elements heavier than iron will tend to split apart releasing energy.

In stellar fusion when the Star makes iron in its core the star collapses in a supernova explosion and it is the energy in this explosion that actually makes the elements heavier than Iron.

Thus Iron is effectively the antithesis of an energy source, it is an energy sink!

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