$ echo '(32 * 2^40) / (8 * 2^30) * 3' | bc
12288Here is the datasheet for a 128GB dimm from 2017 [1], which shows 3.4A IDD0 (normal operation) on the 1.2V rail at the highest speed of DDR4-2666, and 0.2A on the 2.5V precharge rail for a total of just over 6W. Also worth noting is that is a LRDIMM, which draws more power from the DC rails due to the additional buffering. A normal RDIMM draws a bit less static power.
Compare to a manual for a similar vintage 32GB stick [2], which consumes 2A on the 1.2V rail and 0.1A on the precharge rail for a total of a bit under 3w. One quarter the capacity, but still half of the power draw.
[1] https://www.samsung.com/semiconductor/global.semi/file/resou... [2]https://static6.arrow.com/aropdfconversion/d3b3ce1d78b0ad7d3...
Thanks for doing the math on the power story. I didn't realize about the scaling.