> Take a look at the structure of something like CMOS and you’ll see why running transistors in anything other than “on” or “off” is definitely not energy efficient. In fact, the transitions are where the energy usage largely goes. We try to get through that transition period as rapidly as possible because minimal current flows when the transistors reach the on or off state.

Sounds like you might be thinking of power electronic circuits rather than CMOS. In a CMOS logic circuit, current does not flow from Vdd to ground as long as either the p-type or the n-type transistor is fully switched off. The circuit under discussion was operated in subthreshold mode, in which one transistor in a complementary pair is partially switched on and the other is fully switched off. So it still only uses power during transitions, and the energy consumed in each transition is lower than in the normal mode because less voltage is switched at the transistor gate.