The explanation of energy conservation on the cosmic scale requires an understanding of two sets of processes. (1) The set of processes by which electromagnetic energy, the energy of photons in the free state or in the confined state, is gained or is diminished. (2) The set of processes
by which the vacuum, i.e., aether, is generated or is lost—processes by which it emerges/expands and by which it suffers contraction and vanishment. At the heart of the explanation is a straightforward definition of energy at the fundamental level: Any process in which there is a quantitative
change in the units of aether (the discretized medium that permeates all space) constitutes, in and of itself, a manifestation of energy. The workings of the long-overlooked mechanism are revealed. Cosmic-scale energy conservation is maintained by balancing the relevant processes of two distinct
realms—the physical and the subphysical. The physical realm achieves balance by means of a harmony between processes of photon energy gain and energy loss. The subphysical realm achieves balance through the harmony between aether emergence and aether consumption/vanishment. Needless
to say, the implications for cosmology are profound.