> you're carrying all that dead weight for the rest of the flight
If you're recharging the batteries for extra go-arounds during landing, they are as dead weight as the fuel you would otherwise reserve for that purpose. And if you have 30% more efficient engines, meaning less fuel and smaller engines, it's possible you could come out ahead, weight-wise.
> what if you need two go-arounds
I assume that a go-around requires less sustained power output than a full climb from takeoff, so you will probably get more than one go-around anyway, and we don't know how much over-capacity they're designing for. In any case, any design will require tradeoffs in safety, and having more engine-out capabilities might improve safety enough to overcome the higher risk with go-arounds.
Not saying this project is will work out or that you're even wrong necessarily (this could be the equivalent of a concept car for Pratt & Whitney).
> I assume that a go-around requires less sustained power output than a full climb from takeoff,
No.
Source 1: PE = mgh
Source 2: am pilot
Due to various penalties, wind resistance. gear down and aircraft configuration. A go-around consumes a huge amount of fuel, not as much as climbing to cruise but its alot