A solid has an infinite number of allowed bands, just as an atom has infinitely many energy levels. However, most of the bands simply have too high energy, and are usually disregarded under ordinary circumstances.
Conversely, there are very low energy bands associated with the core orbitals (such as 1s electrons). These low-energy core bands are also usually disregarded since they remain filled with electrons at all times, and are therefore inert.
Likewise, materials have several band gaps throughout their band structure.
The most important bands and band gaps—those relevant for electronics and optoelectronics—are those with energies near the Fermi level.
The bands and band gaps near the Fermi level are given special names, depending on the material:
* In a semiconductor or band insulator, the Fermi level is surrounded by a band gap, referred to as the band gap (to distinguish it from the other band gaps in the band structure). The closest band above the band gap is called the conduction band, and the closest band beneath the band gap is called the valence band. The name "valence band" was coined by analogy to chemistry, since in semiconductors (and insulators) the valence band is built out of the valence orbitals.
* In a metal or semimetal, the Fermi level is inside of one or more allowed bands. In semimetals the bands are usually referred to as "conduction band" or "valence band" depending on whether the charge transport is more electron-like or hole-like, by analogy to semiconductors. In many metals, however, the bands are neither electron-like nor hole-like, and often just called "valence band" as they are made of valence orbitals. The band gaps in a metal's band structure are not important for low energy physics, since they are too far from the Fermi level.