A Developing Standard for
Compute Energy
Measurement.
CEH, or Compute Energy Hour, is a developing measurement framework designed to help compare compute output, energy consumption, infrastructure efficiency, and related cost inputs across hardware, facilities, and energy environments.
Overview
What CEH Is
And What It Is Not
CEH is not a certified public benchmark, not an exchange-traded index, and not investment advice. It is a developing methodology intended to help create a more consistent way to discuss compute-energy efficiency.
The framework is designed to support comparison across different compute systems by linking power consumption and infrastructure conditions to output assumptions in a form that can be reviewed, challenged, and iterated.
CEH may provide a useful shared language for operators, researchers, and capital partners evaluating how energy, utilization, and hardware characteristics interact.
Formula
Core CEH Expressions
These expressions are designed to support discussion of compute-energy measurement. They should be read as a developing methodological framework, not as a finalized certified standard.
Example BTM assumptions such as $0.035/kWh are methodological benchmark inputs only. They are not guaranteed rates and may vary materially by generation type, geography, project structure, and contract vintage.
Benchmarks
Illustrative Benchmark Table
These rows are presented as benchmark examples within a developing framework. They are intended to support comparative discussion, not to represent certified market-wide rankings.
| Hardware | CEH-Base | Grid $/M tok | BTM $/M tok | Grade |
|---|---|---|---|---|
| NVIDIA H200 SXM5 141GB | 0.00191 | $0.153 | $0.067 | S |
| AMD MI300X 192GB | 0.00214 | $0.171 | $0.075 | S |
| NVIDIA H100 SXM5 80GB | 0.00243 | $0.194 | $0.085 | S |
| NVIDIA H100 PCIe 80GB | 0.00289 | $0.231 | $0.101 | A |
| NVIDIA A100 SXM4 80GB | 0.00412 | $0.330 | $0.144 | A |
| NVIDIA L40S 48GB | 0.00661 | $0.529 | $0.231 | B |
Market Context
“The demand for computing power is so large that a new asset class will spring up.”
— Larry Fink, Chairman & CEO, BlackRock
Bloomberg Television / Milken Institute
Bloomberg Television. Statement cited as independent market context. CEH is not affiliated with BlackRock or Larry Fink, and this statement does not constitute an endorsement of CEH.
Access
Intended Use Cases
CEH is being developed for readers evaluating compute-energy performance, infrastructure efficiency, benchmarking frameworks, and adjacent underwriting context.
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