Which of the following statements is correct?

Scottish physicist William Rankine coined the term "potential energy" in the 19th century, and it has remained a pillar of physics ever since. This type of energy is stored in objects that, due to their position, have the potential to release it, making them position relative. As the altitude rises, so does the potential energy. From the potential energy (PE) equation:

$\mathrm{PE}=\mathrm{m}\times \mathrm{g}\times \mathrm{h}$

The potential energy is directly proportional to height.

So we can say that As the altitude rises, potential energy rises with it.