Glucose is the main energy substrate in the adult brain under normal conditions. Accumulating evidence, however, indicates that lactate produced in astrocytes (a type of glial cell) can also fuel neuronal activity. The quantitative aspects of this so-called astrocyte-neuron lactate shuttle (ANLS) are still debated. To address this question, we developed a detailed biophysical model of the brain’s metabolic interactions. Our model integrates three modeling approaches, the Buxton-Wang model of vascular dynamics, the Hodgkin-Huxley formulation of neuronal membrane excitability and a biophysical model of metabolic pathways. This approach provides a template for large-scale simulations of the neuron-glia-vasculature (NGV) ensemble, and for the first time integrates the respective timescales at which energy metabolism and neuronal excitability occur. The model is constrained by relative neuronal and astrocytic oxygen and glucose utilization, by the concentration of metabolites at rest and by the temporal dynamics of NADH upon activation. These constraints produced four observations. First, a transfer of lactate from astrocytes to neurons emerged in response to activity. Second, constrained by activity-dependent NADH transients, neuronal oxidative metabolism increased first upon activation with a subsequent delayed astrocytic glycolysis increase. Third, the model correctly predicted the dynamics of extracellular lactate and oxygen as observed in vivo in rats. Fourth, the model correctly predicted the temporal dynamics of tissue lactate, of tissue glucose and oxygen consumption, and of the BOLD signal as reported in human studies. These findings not only support the ANLS hypothesis but also provide a quantitative mathematical description of the metabolic activation in neurons and glial cells, as well as of the macroscopic measurements obtained during brain imaging. The brain has remarkable information processing capacity, yet is also very energy efficient. How this metabolic efficiency is achieved given the spatial and metabolic constraints inherent to the designs and energy requirements of brain cells is a fundamental question in neurobiology. The major cell classes in mammalian nervous systems include neurons, glia and the microvasculature that supplies the molecular substrates of energy and metabolism. Together, this neuron-glia-vasculature (NGV) ensemble constitutes the functional unit that underlies the cost infrastructure of computation. In spite of its importance, a comprehensive understanding of this dynamic system remains elusive. While it is well established that glucose feeds the brain, few of the details regarding the destiny of glucose intermediates in metabolic pathways are known. Controversy remains regarding the degree of cooperativity between glia and neurons in sharing lactate, the product of aerobic glycolysis (Warburg effect) and one of the substrates for further energy extraction by oxidative processes. Specifically, while experimental data support the occurrence of a flow of lactate from glia to neurons, the astrocyte-neuron lactate shuttle (ANLS), some theoretical considerations have been proposed to support the occurrence of lactate transport in the other direction (NALS). Our computational model is the first to integrate multiple timescales of the NGV unit. It provides a quantitative mathematical description of metabolic activation in neurons and astrocytes, and of the macroscopic measurements obtained during brain imaging that uses metabolism as a proxy for neuronal activity.