A galvanic cell is an electrochemical cell that converts chemical energy from spontaneous redox reactions into electrical energy. It consists of two electrodes, an anode and a cathode, immersed in an electrolyte solution, allowing for the flow of electrons from the anode to the cathode through an external circuit. This process is fundamental to electrochemistry and relates closely to the Nernst Equation, which helps predict the cell's voltage under non-standard conditions.