Step 2: Recall the relationship between Gibbs free energy and the standard electrode potential (E°). The equation ΔG° = -nFE° connects Gibbs free energy (ΔG°) to the standard electrode potential (E°), where n is the number of electrons transferred, F is the Faraday constant, and E° is the standard electrode potential. A more negative ΔG° corresponds to a higher E° for reduction reactions.