It'll prevent those from killing you for a turn, after which you'll die to them immediately as the next turn begins
However, the Energies are specifically a Water, Lightning, and Fire Type Energy, and will be discarded when the move is used
This infamously led to decks without creatures playing Umezawa's Jitte, an equipment that doesn't do anything without creatures, just to kill their opponent's copies of Umezawa's Jitte
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Lastly, the 5/5 mode might not matter the bigger your creatures get, but when you use it on a creature that relies on +1/+1 counters, it's basically a kicked Might of Murasa