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A Thévenin equivalent voltage source $V_s$ with positive source resistance $R_s$ supplies load power $P_L=V_s^2{R}_L/(R_s+R_L{)}^2$ to a real resistive load. Differentiating gives its maximum at $R_L=R_s$. With reactive impedances and fixed source impedance, conjugate matching maximizes the average delivered power. Maximum delivered power is distinct from maximum efficiency; at a real resistive match half of the source's internally generated power is dissipated in $R_s$.

Connect one physical resistor $R$ across an ideal lossless capacitor $C$, with no applied source and an ideal readout that draws no electric current. Represent the resistor by its noisy Thévenin equivalent. The resulting RC low-pass frequency response gives the stationary capacitor voltage power spectral densityIts mean square follows by the effective noise bandwidth calculation:This is also the equipartition theorem: the mean capacitor energy is $\frac{1}{2}C⟨v_C^2⟩=\frac{1}{2}{k}_{\mathrm{B}}T$. Raising $R$ makes the low-frequency spectrum taller and its width narrower in exactly compensating proportions. It changes the equilibration time $RC$, not the final variance.

The integral to infinity belongs to the ideal classical model. For a physical electrical circuit, assume thermal equilibrium, linear components with negligible extra dissipation, and a corner far below the frequencies where parasitic effects, frequency-dependent electrical resistance, or $hf\sim k_{\mathrm{B}}T$ invalidate the model; the omitted high-frequency tail must be negligible. A finite-bandwidth instrument measures only part of this variance. Its input capacitance contributes to the total $C$, and its finite input electrical resistance introduces both loading and its own thermal electrical noise.

For $T=300\mathrm{K}$ and $C=1\mathrm{nF}$, the predicted equilibrium variance is $4.141947\times 10^{-12}{\mathrm{V}}^2$ and the root mean square voltage is $2.0352\mu \mathrm{V}$. At $R=10\mathrm{k}\Omega$, $RC=10\mu \mathrm{s}$ and $B_{\mathrm{n}}=25\mathrm{kHz}$. At $R=100\mathrm{k}\Omega$, $RC=100\mu \mathrm{s}$ and $B_{\mathrm{n}}=2.5\mathrm{kHz}$; the equilibrium root mean square voltage is identical.

To obtain the growth curve, prepare $v_C(0)=0$ exactly and connect the resistor at $t=0$ while maintaining its temperature. The RC low-pass filter's causal impulse response is $h(t)=e^{-t/(RC)}/(RC)$ for $t\ge 0$. Classical ideal white noise with two-sided power spectral density $2k_{\mathrm{B}}TR$ givesThe factor $2k_{\mathrm{B}}TR$ here is the two-sided time-domain noise intensity; the equilibrium spectral integral above used the one-sided $4k_{\mathrm{B}}TR$. They give the same long-time limit. The variance approaches equilibrium with time constant $RC/2$, although a deterministic initial voltage decays with time constant $RC$. If the capacitor already starts in thermal equilibrium, its initial variance supplies the missing exponentially decaying term and the total variance stays constant.

An external electrical load changes the terminal noise. Connecting a purely resistive load $R_L>0$ to the noisy resistor gives the voltage divider ratio $R_L/(R+R_L)$. The source resistor's contribution at the load isIn a rectangular signal bandwidth $B$, the power delivered by that source contribution to the load isbecause $(R-R_L{)}^2\ge 0$. Equality occurs at $R_L=R$: this is matched available noise power. Matching halves the voltage, quarters its power spectral density, and gives $P_{\mathrm{av}}=k_{\mathrm{B}}TB$. Dividing the squared open-circuit voltage by $R$ would instead give four times this available power.

These expressions isolate the source resistor's contribution. A real load resistor also generates thermal electrical noise. At the same temperature its independent contribution produces the equal reverse power flow, so the net thermal power transfer is zero at thermal equilibrium. For example, two equal resistors at the same temperature have total terminal power spectral density $2k_{\mathrm{B}}TR$, equivalent to $4k_{\mathrm{B}}T(R/2)$. One contribution alone is $k_{\mathrm{B}}TR$. The fictitious noiseless series $R$ in the Thévenin equivalent is not an additional physical source: adding its noise again would double count the original resistor.

Model an ideal resistor of constant electrical resistance $R>0$ at uniform absolute temperature $T$ by its Thévenin equivalent: a zero-mean random voltage source in series with a noiseless $R$. In the classical range its one-sided, open-circuit voltage power spectral density, per hertz, iswhere $k_{\mathrm{B}}$ is the Boltzmann constant. Thus a positive-frequency interval of width $df$ contributes $4k_{\mathrm{B}}TRdf$ to the mean square voltage. This is approximately white noise only where the electrical resistance is effectively constant and $hf\ll k_{\mathrm{B}}T$, with $h$ the Planck constant. The ideal constant spectrum cannot describe arbitrarily high frequencies.^[ref]

For a real voltage, an equivalent two-sided power spectral density is $S_v^{(2)}(f)=2k_{\mathrm{B}}TR$ over signed frequencies. With a real linear time-invariant system of frequency response $H(f)$, the same output mean square isAngle brackets denote an expected value; for this zero-mean noise the mean square is its variance. Do not integrate $4k_{\mathrm{B}}TR$ over both signs of frequency: that counts the same fluctuations twice. All integrals here use frequency $f$ in hertz, not angular frequency $\omega =2\pi f$. The amplitude spectral density is $\sqrt{4k_{\mathrm{B}}TR}$ in $\mathrm{V}/\sqrt{\mathrm{Hz}}$, whereas the root mean square voltage requires a specified measurement signal bandwidth.

A Thévenin equivalent represents a network at two terminals by a voltage source in series with its Thévenin resistance. It reproduces the terminal relation under the assumptions of Thévenin's theorem.