Energy exists in different forms including potential, kinetic, and chemical. Potential energy is stored energy due to an object's position or state. Kinetic energy is the energy of moving objects and depends on an object's speed. Chemical energy is stored in the bonds of compounds and is released during chemical reactions like combustion. Examples of energy transfers include a moving hammer losing kinetic energy and transferring it to a nail as heat and sound when striking. Food stores chemical energy which organisms use for functions and movement.