Abstract: Under the severe challenges of global climate change, the ‘dual carbon'goal has become the consensus and action guide for countries around the world.Traditional energy has long dominated the global energy structure, supporting the rapid development of the economy, but it has also brought about problems such as excessive carbon emissions and environmental pollution.Large traditional energy enterprises, with abundant resources, strong technical strength, and a huge industrial foundation, are the core force in energy production and supply and play a crucial role in the energy transformation.However, they also face enormous transformation pressure.As an innovative financial instrument, industrial funds can pool funds from all sectors of society and use leverage to provide substantial financial support for the transformation of energy enterprises.This paper mainly explores the paths of industrial funds promoting the transformation of large traditional energy enterprises through the combination of theory and practice.At the same time, the author points out the difficult points in the practical process of industrial funds, providing a reference for the transformation of traditional energy enterprises.