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Embedding into Custom Application with Premium

I need clarification on what embedding features there are once Power Bi Premium is purchased, and the difference between Power BI Premium and Power BI embedded. 

 

My organization is looking at adopting Power Bi. We want the report server for sure to keep data behind the firewall. But primarily we want to integrate reports and individual report components into our custom application, so users without a power Bi account can interact with the report visual (or, to a lesser extent, the full report). 

 

Is Power BI Premium the way to go to achieve these goals? I have done some research but am struggling to find a clear answer on just how embedding works in a custom appliaction with power BI premium (and how it differs from embedding with Power BI embedded), and would be grateful for a clear summary.  

 

 

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