1) A capacitor is used to store electric charges by doing work to deposit the charges, and this work done is stored as electric potential energy. 2) The potential energy stored in a capacitor is calculated as one-half of the capacitance C multiplied by the voltage V squared. 3) When a dielectric material is placed in a capacitor, the charges in the dielectric polarize and slightly displace, which decreases the voltage across the capacitor but increases its capacitance.