Lipids are energy-rich organic compounds made up of carbon, hydrogen and oxygen. They contain less oxygen than carbohydrates. Some lipids also contain nitrogen and phosphorus. Lipids are non-polar and insoluble in water but soluble in non-polar solvents. Major types of lipids include fats, oils, waxes, phospholipids and steroids. Lipids function to store energy, form cell membranes, act as metabolic water sources, and reduce water evaporation. Fats and oils are triglycerides formed from glycerol and fatty acids bonding through esterification, removing three water molecules. Fats often contain saturated fatty acids while oils contain unsaturated fatty acids.