Siemens Energy is a member of the four-party consortium that introduced the Green Vein Egypt-Italy HVDC interconnection at COP28 in Dubai in December 2023, alongside K&K Group (lead initiator and sponsor), CESI (engineering consultancy) and Prysmian Group (subsea cable). The four parties signed a Memorandum of Understanding at COP28 to take the project from a successful initial study into a comprehensive detailed-feasibility phase. Siemens Energy contributes its HVDC grid-technology expertise to the consortium, expected to underpin the design of the 3 GW HVDC converter substations at the two route termini — West Sohag in Egypt and the Dolo substation near Mestre/Venice in Italy. Both stations are onshore, in keeping with the back-to-back HVDC topology of a long-distance submarine point-to-point link of this kind. Speaking at COP28, Elyes San Haji, Head of Grid Technology for the Middle East at Siemens Energy, framed the project as a vital supply of clean energy connecting Europe with the Middle East and Africa, stressing the role of grid interconnections in enabling sustainable, affordable and reliable access to electricity. As of May 2026 no formal converter-supplier selection has been announced and Siemens Energy's role remains at the MoU / feasibility-partner stage rather than a contracted onshore-converter-station supply award.