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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 energy that is in motion and causing changes. Any object or particle that is in motion has kinetic energy based on its mass and speed. Kinetic energy can be converted into other forms of energy, such as electrical energy and thermal energy.