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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.
Types of Energy. There are two types of energy: Potential (or stored energy) Kinetic (or energy in motion) Kinetic Energy is energy in motion. Moving water and wind are examples of kinetic energy. Electricity is kinetic energy because, even though you can't see it happen, electricity involves electrons moving in a conductor. Potential Energy is stored (or latent). Energy can be stored in many ways. A gallon of gasoline or a barrel of oil contains stored energy that can be released when we burn it.