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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.
If it takes more energy to break the original bonds than is released when the new bonds are formed, then the net energy of the reaction is negative. This means that energy must be pumped into the system to keep the reaction going. Such reactions are known as endothermic.