Uncontained disk failure
I really hope this project succeeds, however, it will be interesting to see how they manage the higher loading on the engine compared to a "standard" gas turbine.
If the text of the article is right, the plan is to compress air that is almost already in a liquid state, so there's not much more compressing that can be done before it becomes a liquid and is therefore almost incompressible.
i.e. the "relatively conventional turbo compressor" is going to be a pretty exotic design, relatively speaking...