Statement 1: Energy can neither be created nor destroyed.
Statement 2: Energy cannot be converted from one form to another.
Only statement 1 is correct.
The law of conservation of energy states that energy can neither be created nor destroyed. However, energy can be converted from one form to another. For e.g. our electric heater converts electrical energy into heat energy, electric bulb converts electrical energy into light energy, the turbine converts rotational energy into electrical energy, etc. There are many such phenomena occurring around us in which energy is transformed from one form to another.