As it would relate to equipment like a heater, N-1 would mean the 75kW system is comprised of multiple units working to attain 75kW and if you lose one unit, the spare for it is already there, ready to be added in as a replacement to the failed component. So for example if the 75kW capacity of your heater was comprised of 3 x 25kW heater elements, N-1 would mean that you actually had 4 x 25kW heater elements, but normally only used 3. So if you lost one, you have a spare 25kW heating element on standby ready to connect to replace the failed component.
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