Is the below interpretation correct?
Hydrogen electrode is a given a standard potential of 0 V. So to carry out the reaction
2H+ + 2e- H2 successfully at standard conditions, suppose X Joules of energy is required. Obviously some Y joules of energy will be required if this were to happen several times and 1 coulomb of charge is used up(I know how to find Y in terms of X, but that is not the question). Li
+ has a standard reduction potential of -3.03 V. Does it mean that to carry out
Li+ + e- Li so that one coulomb of charge is used, Y+3.03 Joules of energy is required? If the above interpretation is true, then for very good oxidising agents, the required energy is Y-(its electrode potential's magnitude) Joules, which may turn out to be negative(I'm not sure about this). Supplying negative energy means what?