Final answer:
The statement is true; latent heat is released when water vapor condenses to form clouds. This release of energy is a significant part of atmospheric processes like the formation of thunderheads and hurricanes, and it transfers heat from the ocean to the atmosphere.
Step-by-step explanation:
The statement that latent heat is stored when water vapor condenses to form clouds in the sky is True. During the phase change from vapor to liquid, energy is released into the atmosphere. This process involves the heat that was absorbed by the water during vaporization being released as latent heat when condensation occurs. Specifically, when water vapor in the atmosphere cools down and condenses into liquid droplets to form clouds. Latent heat is crucial in various atmospheric processes, including the formation of thunderheads and hurricanes. It also plays a significant role in the earth's climate system by transferring heat from the surface of the oceans to the atmosphere. Moreover, this energy release upon condensation is equivalent to the energy required for water to undergo the phase change in the opposite direction, from liquid to vapor. This concept of latent heat is essential to understanding weather patterns and ocean-atmosphere interactions.