The document discusses the economics of green high-performance computing (HPC). It separates marketing buzzwords from real actions organizations can take to improve sustainability. Sustainability has costs and returns, so initiatives should provide a return on investment. Key drivers of total cost of ownership for data centers are discussed, including capital expenditures, space/footprint costs, infrastructure costs, energy costs, and maintenance costs. Methods to improve sustainability through energy efficiency, space efficiency, and reliability are outlined. Comparisons of investments and annualized total costs of ownership are provided for data centers with different power usage effectiveness values.