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If energy is stored in chemical bonds, and bond formation is always an exothermic process, doesn't that imply that bond formation both stores and releases energy? How is this possible? I'm clearly not understanding some basic tenet of chemistry. For example, H+ and OH- neutralize to form H2O.
However, formation reactions often do require energy of activation to rearrange bonds and get reactions over activation barriers (which usually involves breaking bonds first before forming new ones). Stable bond formation is always exoergic.