Bioenergetics is the quantitative study of energy transformations that occur in living cells. It concerns the initial and final energy states of biochemical reactions, not reaction rates. The goal is to describe how organisms acquire and transform energy to perform biological work. Reactions are classified as exergonic (energy releasing) or endergonic (energy consuming). Gibbs free energy determines the direction of reactions. It is related to enthalpy, entropy, and temperature based on the equation ΔG = ΔH - TΔS. Redox potential is a quantitative measure of an element or compound's ability to oxidize or reduce. It indicates the tendency of chemical species to gain or lose electrons in redox reactions.