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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.
The similarities and differences between kinetic and potential energy. Differences. Potential energy is stored energy in an object or system. Kinetic energy is when the object is in motion. Potential energy can not be transferred. Kinetic energy could be transferred. Potential energy is not relative to an objects environment. Kinetic energy is relative to other moving and stationary objects in its main environment.