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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. Kinetic energy is energy of motion. The kinetic energy of an object is the energy it possesses because of its motion. Kinetic energy is an expression of the fact that a moving object can do work on anything it hits; it quantifies the amount of work the object could do as a result of its motion.