TITLE: What are Penrose Tilings, and how do they relate to Quasicrystals?
QUESTION [8 upvotes]: The question is in the title, but let me elaborate a little.
Background
Penrose Tilings are really pretty and satisfy some remarkable properties. For instance, I believe the following is true: even though a Penrose tiling is aperiodic by definition, given a point and an arbitrarily large neighborhood, there exists another point with precisely the same neighborhood (up to rigid motion). While many such fascinating properties are well-documented (see the linked Wikipedia article and the references therein), it is not so clear to me how the tilings themselves should be defined in the first place.
There are three specific tilings attributed to Penrose: P1 (generated by $5$ tiles), P2 and P3 (generated by two quadrilaterals each). My first question is purely one of terminology,

does the term "Penrose tiling" mean precisely one of these three specific constructions, or is it used as a blanket term for any aperiodic tiling that satisfies some axioms (such as the self similarity property mentioned above)?

Relationship with Quasicrystals
I am slightly tentative about mentioning Quasicrystals here since they may not lie within the strict purview of research-level math. However, it seems that MO has been kind to such questions before: see here and here. I'm not an expert on QCs beyond reading the odd survey article or two, so I am not too attached to any particular "definition". Here's the question:

What, if anything, is the precise mathematical connection between Penrose tilings and Quasicrystals?

In particular, it is just a question of using a mathematical object to model the (growth of the) physical object because of shared properties, or are there some concrete insights into the nature of Quasicrystals that can be attained by the study of Penrose tilings?

REPLY [4 votes]: Usually in the mathematics of long range aperiodic order, the Penrose Tiling refers to any tiling obtained from $P_2$ or $P_3$.
We don't differentiate between those, because they have a property called "mutually locally derivable", which says basically that there is a simple way of deriving one from the other. Basically they are the same tiling [the exact meaning of this is that dynamical systems of those tilings are topologically conjugate, which shows that most of their properties are the same]. 
The tiling $P_1$ is as far as I know not mentioned too often, but this is also "the same" (mutually locally derivable) as $P_2$ and/or $P_3$. This means that $P_1$ is harder to study physically, but it has the same long range properties of $P_2/ P_3$, so it can be studied by studying $P_2$ or $P_3$ instead. 
Relation to quasicrystals
If you mark a point in each of the two (or 5) Penrose tiles, you get a point set which you can think as the positions of atoms in an idealized (infinite) solid.
If you calculate the diffraction measure of this model, you get a diffraction diagram which is  discrete (i.e. consisting of sharp Bragg peaks) and with 10-fold symmetry. This is almost identical to the Diffraction of the first discovered quasicrystal, but as it was mentioned in another answer we don't know if there is any quasicrystal which is produced by the Penrose rules.
The mathematical models we have for quasicrystals (we don't know if this is the right model) are the model sets (or the larger class of Meyer sets if you also allow for a "small" diffuse background in the diffraction, as nothing in nature is perfect), produced by the cut and project schemes. Those models have diffraction properties identical to the discovered quasicrystals.
If by a "mathematical quasicrystal" you understand a model set, than it was shown by Ammann/de Bruijn that the Penrose tiling actually fits in this class. So in this sense there is a connection between the two concepts.