This document defines and provides examples of different types of potential energy including elastic, chemical, and gravitational potential energy. It explains that potential energy is the stored energy of an object due to its position or condition. Gravitational potential energy specifically refers to the energy stored in an object due to its vertical position or height and is calculated using the formula: PE = mgh, where m is mass, g is gravity, and h is height. Worked examples are provided to demonstrate calculating gravitational potential energy.