to speak at a purely physical level, it is impossible to have an infinite amount of energy. at least by what we know today. normal molecular physics does not allow for an infinite supply of energy. you can have an infinite loop of a given amount of energy, that will continuously loop without end, but you can never extract energy from any given loop, and just keep extracting it. a source of energy, no matter how great, has a limit. a kilo of uranium can only give so much energy. granted, it will last for a couple hundred years, but it is still finite. the sun also has its limits, wherein it will stop emitting light/energy.
however. the amount of energy that exists in the universe is constant, or has a constant limit. they say that a nuclear blast forces mass into pure energy, but we already have alot of it. if all matter in the universe were converted into energy, then there would be a limit to it. what we could do, is simply take better advantage of the existing supply of energy, that would otherwise be wasted. one way of doing so is to literally encapsulate an entire sun with solar panels. that should give us more than enough energy to last the rest of mankinds existance.
as for what it can be used for, i say nothing but biological engineering. before long, we will learn how to manipulate our genes to whatever state we want, and will be able to achieve immortality. we are already close to achieving that goal, as we are starting to find out most of what makes us age. we will, eventually, become so powerful that we can perform telekinetic abilities at free will. at that point, we will no longer need jobs, but will be home tutored for many years, while we learn to control our abilities, and how to manipulate matter to make the essentials of life, furniture, shelter, alloys and vehicles with only what recources we find in our surroundings. in essence, we can create whatever paradise we want, where ever we want, and change it on a whim. redecorating could be done in a second, so if you are in a bad mood, you can change your entire home to reflect this, or make it the opposite. babble about what color your curtains should be can be solved in about 3 seconds, and undone in a heartbeat. toys, tools, luxuries, all will be freely available for anyone to create on the spot. copyright laws will vanish, but the inventor/creator of an item will still be recognized for his work.
i cant wait…