- Energy is the ability to do work and exists in various forms such as potential and kinetic energy. Potential energy is the stored energy of an object due to its position or state.
- Gravitational potential energy is the energy possessed by an object due to its height and is calculated as PE = mgh. Elastic potential energy is the energy stored in stretched or compressed springs and is calculated as PE = 1/2kx^2.
- Examples are provided to demonstrate calculating the gravitational and elastic potential energy of various objects based on their mass, height, spring constant, and displacement from equilibrium.