Here's a minor dilemma of my recent experience. I can acquire 3TB NAS HDDs with 5-year warranties and low power-on hours for $50 to $80. Running these drives 24/7 means an addition to my annual power expenses of $85.
TeamGroup now sells a 4TB NVME gen 3 for approximately $160 from the right reseller. You could buy three of them for $480, matching the capacity of my 4x 3TB HDDs, and using about a Watt. It could be an eighth to a tenth of the total wattage for the HDDs. And in about six years, they would pay for themselves. But I'm spending less than $200 on the HDDs, which should also last for several years.
Of course I am NOT going to buy the TeamGroup drives, but it's nice to know you can get 4TB NVME drives for that price -- if you needed one, or if you just wanted one badly enough.