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What is the scientific term for stored energy an object has due to its position or shape?

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potential energy

Why do charges flow in an electric current? The answer has to do with electric potential energy. Potential energy is stored energy that an object has due to its position or shape. An electric charge has potential energy because of its position in an electric field. For example, when two negative charges are close together, they have potential energy because they repel each other and have the potential to push apart. If the charges move apart, their potential energy decreases. Electric charges always move spontaneously from a position where they have higher potential energy to a position where their potential energy is lower. This is similar to water falling over a dam from an area of higher to lower potential energy due to gravity.

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