Volts is not power (power = volts x amps) ... in the ole days we could control fan speeds w/ 3 position switches which supplied the fan w/ 12, 7 or 5 volts ... later came adjustable voltage which could take fan speeds down to 25% or so. Below that they may continue to spin but below a certain point, they may not have enough voltage. So you may need say 5 volts to get a fan started but it might, once running be able to maintain its speed down to a lower voltage
This applies to 3 pin DCV fans. PWM fans require 12 volts.
You can buy rheosatats to control fan speeds from a molex connector
https://www.coolerguys.com/products/zalman-fan-mate-2-fan-rpm-controller?utm_medium=cpc&utm_source=googlepla&variant=17666483781&gclid=EAIaIQobChMIspqNqbrz1QIVHrnACh3pTAYnEAYYASABEgJwMPD_BwE
Fan Controllers basically function the same way.
Some fan controllers (Phanteks) can even provide 3 pin fan speed control via a PWM signal.
But those days are like so "last millenium". Today fan speeds are controlled by plugging the fans ino MoBo headers which provide far more flexible control and do so automatically in response to CPU or other temps.