Before we get into the relationship between time and energy we need to first understand space and emptiness and what space and emptiness actually is.
This is because in actual reality, the reality of the universe, the reality of Nature, and the reality of the mystical transaction (you have read the first insight 'Self and other' haven't you?) time does not exist. There is no past or future. There is only the present. There is no relationship whatsoever between consciousness and time.
But if you remember from the Gestalt images in the previous insight, consciousness and space are one and the same thing. Consciousness is the fundamental basis for all existence. Consciousness is existence, because it is information. The clue is in the word 'IN-formation', i.e. capable of creating physical form through energy. This is what defines consciousness as the fundamental basis of existence.
Now please keep in mind that you are only as consciously aware as you are able to perceive existence and express yourself, or your consciousness through energy and physical form. If you cannot think it, feel it, say it, or do it, then it's not consciousness. It's space.
Therefore from your individual conscious perspective space is non-existence. Space is emptiness. Space is all the consciousness which lies beyond your ability to perceive. This is what defines space as reality. Actual reality is the context for everything you are able to perceive and be consciously aware of, because it's the space which defines existence from your individual perspective.
It is for this reason that actual reality - the reality of the universe, of Nature and the mystical transaction, cannot ever be fully understood, known, defined or explained. Space is all that what you cannot perceive and are ignorant of - in other words mysticism. It doesn't matter how much knowledge you acquire, how much you learn about existence, how consciously aware you become, there will always be space, there will always be ignorance, there will always be mysticism.
It's also important to remember that babies and small children also have no understanding of time. Your average infant, two year old, three year old, does not understand time. A small child has no concept of past or future. A small child lives completely within a natural state of mindfulness, completely in the present moment, consciously aware of everything what's going on in their environment, and usually totally focussed on what they are doing in the here and now.
This is what makes looking after small children so incredibly tiring and exhausting. Human adults don't see the world the same as small children. Adults are socially conditioned, their perception is slowed by thinking, knowing what's important and what isn't, constantly making choices, decisions, thinking stuff through. Small children never stop and think about anything, at least not until they're a few years old. They're totally spontaneous and reactive, often unpredictable, and life for them is full of mysteries, the unknown, things to explore, discover, find out, and bigger human beings who from the perspective of a small child are complete weirdos. Please keep this in mind if you're a parent or grandparent. Not only do you need to have eyes in the back of your head when looking after children. You are also the freak in the eyes of your child.
My point here is that time is a human concept. Time is something that you teach your child.
But what small children generally aren't taught, and what I feel is just as equally important as being able to tell the time using a clock, is the mystical principle of dependent arising or yin and yang.
I went into this a lot more in my previous insight 'Self and other' but suffice to say all physical existence is based on energy. This means that all physical existence is a matter of vibrations, resonances, energy cycles and energy waves. Energy is constant, cannot be created or destroyed, but merely changes in relationship to consciousness and space. We cannot understand either consciousness (defined as existence) or space (defined as reality) so all we have to work with is energy and physical form.
This is a massive subject, and I'm not for a single moment suggesting that you teach small children to be physicists. But the fundamental principle of energy is that it connects to everything. You cannot have the crest of a wave without a trough. You cannot have sound or noise without silence. You cannot have light without darkness. Just as everything is connected with everything else in existence, physical existence - and the kind of existence we human beings are able to perceive is 98% physical and based on energy - is based not only on vibrations and energy waves and cycles, it's also based on pulsation - now you see it, now you don't, hide and seek, peek-a-boo.
My point here is - if you're a parent or have contact with small children - please do what you can to preserve that small child's sense of wonder and curiosity about their environment. Try to answer their questions. Tell those stories. Have those long conversations. That sense of wonder and curiosity is fundamental to mindfulness and being able to seek out and create truth.
But anyway, back to the relationship between time and energy.