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The formula for calculating Potential energy is P.E. = m * g * h, where 'm' is the mass of an object, 'g' is the acceleration of gravity, 'h' is the height of the object. 1  Stored mechanical energy: The energy which is possessed by an object due to its stored energy of position. 2  E.g., rubber bands, springs.
Kinetic energy is the energy in the movement. Potential energy is stored energy, ready to be used. Kinetic energy is the energy found in every object in motion . Gravitational Potential Energy is the enegry stored in an object because of its height.