stored energy that an object has due to its position in relation to a fixed. horizontal plane.

Merriam-Webster Online Dictionary
potential energy (noun)
the energy that a piece of matter has because of its position or nature or because of the arrangement of parts
potential energy (Wikipedia)

In physics, potential energy is the energy held by an object because of its position relative to other objects, stresses within itself, its electric charge, or other factors. The term potential energy was introduced by the 19th-century Scottish engineer and physicist William Rankine, although it has links to the ancient Greek philosopher Aristotle's concept of potentiality.

Potential energy
Mediaeval archery reenactment.jpg
In the case of a bow and arrow, when the archer does work on the bow, drawing the string back, some of the chemical energy of the archer's body is transformed into elastic potential energy in the bent limb of the bow. When the string is released, the force between the string and the arrow does work on the arrow. The potential energy in the bow limbs is transformed into the kinetic energy of the arrow as it takes flight.
Common symbols
PE, U, or V
SI unitjoule (J)
Derivations from
other quantities
U = mgh (gravitational)

U = 12kx2 (elastic)
U = 12CV2 (electric)
U = −mB (magnetic)

U =

Common types of potential energy include the gravitational potential energy of an object, the elastic potential energy of an extended spring, and the electric potential energy of an electric charge in an electric field. The unit for energy in the International System of Units (SI) is the joule, which has the symbol J.

Potential energy is associated with forces that act on a body in a way that the total work done by these forces on the body depends only on the initial and final positions of the body in space. These forces, whose total work is path independent, are called conservative forces. If the force acting on a body varies over space, then one has a force field; such a field is described by vectors at every point in space, which is in-turn called a vector field. A conservative vector field can be simply expressed as the gradient of a certain scalar function, called a scalar potential.

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