For Italy to benefit from renewable energy in the future, the islands of Sardinia, Sicily and the Italian mainland must be able to flexibly exchange electricity. Siemens Energy will make this possible by providing the high-voltage direct current (HVDC) transmission technology to a 970 km long power link. Italian transmission system operator Terna has awarded the consortium of Siemens Energy and Italy's FATA (part of Danieli group) a contract to supply four converter stations for the "Tyrrhenian Link" project. The HVDC link will enable more efficient use of renewable energy, increase stability of the power grids, and enable the close down of coal-fired power plants on the two islands to reduce CO 2 emissions. The order volume for Siemens Energy amounts to just under one billion euros.
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs around 92,000 people worldwide in more than 90 countries and generated revenue of €29 billion in fiscal year 2022.