At the 2022 Labour Party Conference, Labour unveiled plans for a National Wealth Fund (NWF) and Great British Energy (GBE) to drive economic growth and achieve net zero targets in the UK. The NWF, capitalized at £7.3 billion, aims to invest in vital sectors like ports, giga-factories, hydrogen, and the steel industry to support the country's transition to a greener economy. However, policymakers need to carefully consider how the NWF aligns with the existing UK Infrastructure Bank to avoid overlap and competition. On the other hand, GBE, with an initial funding of £8.3 billion, focuses on co-investing in new technologies, scaling up existing ones, and promoting municipal and community energy projects. While GBE's long-term vision as a state-owned multinational energy company is promising, policymakers must ensure clear coordination with NWF and UKIB to prevent duplication of efforts. The article discusses the importance of strategic planning and collaboration among these bodies to maximize their impact and avoid inefficiencies. It also highlights the need for clarity on funding mechanisms and long-term goals of GBE in addressing challenges in the UK's energy market. Overall, Labour's initiatives present opportunities for economic transformation and sustainability, but effective implementation and coordination will be crucial for their success.