Potential energy is the stored energy of an object due to its position in a force field, such as gravitational or electrostatic. It has the potential to do work when released.
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Potential energy is often calculated using the formula $PE = mgh$ for gravitational potential energy, where $m$ is mass, $g$ is acceleration due to gravity, and $h$ is height.
In thermochemistry, potential energy changes are crucial in understanding endothermic and exothermic reactions.
Potential energy can be converted into kinetic energy when the object's position changes.
Chemical bonds store potential energy; breaking and forming these bonds involve changes in this stored energy.
The unit of measurement for potential energy in the International System (SI) is Joules (J).