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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.
These can be categorized in two main classes: potential energy and kinetic energy. Kinetic energy is the movement energy of an object. Kinetic energy may be best understood by examples that demonstrate how it is transformed to and from other forms of energy.