If you wanted to calculate the energy supplied by a battery in time $t$ you would use $E=VIt$ where $I$ is the current through the battery. If the internal resistance is $r$ we could also use $E=\frac{V^2}{r}t$. So it must be that $\frac{V^2}{r}=VI$ or $V=Ir$. But this is false in general (as an example, take emf $12V$, current $0.5A$ and load resistance $15\Omega$) and I am wondering why it doesn't work.
Thanks!