Author – Atty. Angel Puente Reyes (KaspaIntern)
Dii Desert Industrial Initiative Conference. Nov 6-7 2025, Dubai
Background: On behalf of LehmanBush HK Limited, I had the opportunity to join the 15th DII Desert Energy Leadership Summit in Dubai last week.
The first day of the conference was opened by Paul van Son, as President of Dii Desert Energy, who also serves as Chairman of Kaspa Industrial Initiative KII.
The conference was co-organized by the Government of the United Arab Emirates. During the second day of Agenda H.E. Eng. Sharif Salim Al-Olama open the ceremony. He serves as the Undersecretary of Energy and Petroleum Affairs of the Ministry of Energy and Infrastructure of the UAE.
The core subjects of the two-day conference analyzed the importance of resilience, sustainability, energy trading and energy efficiency in the Region. Including the high demand of energy generation and energy trading infrastructure in the context of the development of existing systems and the current AI and infrastructure necessity for data center to match market demands.
During the second day Rory O’Neill board member of Kaspa Industrial Initiative KII and Member of Dii Advisory Board & Director presented a keynote on “Kaspa’s BlockDAG Technology: Solving the Blockchain Trilemma”. The main takeaway of this presentation was precisely brief to the audience on the existing infrastructure and the benefits for using Kaspa as a carrier and settlement layer for energy trading and real utility in the Energy sector for Dii stakeholders in a global context.
In the table below I have listed some relevant corporations that partook the event. These industrial leaders represent Trillions in combined market value and play central roles in global energy, hydrogen, infrastructure, and industrial transformation.
| Company | Market Cap | Annual Revenue | Age |
| Linde PLC | ~$200B | ~$34B | 145 yrs |
| EDF Group | ~$65–70B | ~$140B | 78 yrs |
| GE Vernova | ~$45–50B | ~$33B | <1 yr (but GE legacy) |
| Siemens Energy | ~€18–20B | ~€31B |
Energy division 5y Group 150+years |
| Air Products | ~$55–60B | ~$13B | 84 yrs |
| thyssenkrupp | ~€4–5B | ~€38B | 25 yrs (220+ legacy) |
| Jinko Solar | ~$1–2B | ~$15–20B | 18 yrs |
| State Grid SGCC | ~500B | 22 yrs | |
| MASDAR Abu Dhabi Future Energy Company | ~30-40B | 18 yrs | |
| ADNOC Abu Dhabi National Oil Company | ~85-90B | 53 yrs | |
| ENOC Emirates National Oil Company | ~25-30B | 31 yrs |
Comment on Installed Capacity and Kaspa’s Potential: The companies at the DII Summit collectively account for hundreds of gigawatts of global energy infrastructure. This includes everything from nuclear, gas, wind, and solar capacities managed by giants like Siemens, EDF, GE Vernova, and Jinko Solar. In total, their footprint easily surpasses 700 gigawatts of installed energy capacity worldwide.
Conversations around ZETA, GIGAWAT Coin and ZET-EX represents a settlement tool to exchange energy instruments permissionless. If even a fraction of that energy infrastructure’s trade flows were settled using Kaspa’s digital infrastructure as a carrier, it would represent a groundbreaking integration of decentralized finance into the global energy market, adding unprecedented speed and transparency to energy settlement and trade.
At the events dinner hosted by Siemens, I shared the table with Charles and Rory from KII, next to me was the Vicepresident of structure finance at SMBC Middle Eeast, a major Japanese Bank and we shared directly insights about Kaspa infrastructure and the feedback was positive.
Reflections: The Dii Desert Energy Leadership Summit brings together the world’s most established and influential energy and industrial companies.
Not every day an Undersecretary of the UAE opens a conference. If you take a look at the protocol, where he is sitting during the event (same table as Paul van Son) and for the Dii members picture he is placed in the center next to no other than Paul.
Kaspa currency, represented by the Kaspa Industrial Initiative (KII), presented alongside these global heavyweights, is definitely a strategic milestone that signals strong institutional positioning for real‑world energy, digital infrastructure, AI‑powered systems, and hydrogen value‑chain opportunities.
Now, it’s worth noting that both Rory and Paul carry sterling reputations in a sector dominated by just a handful of serious global players.
This alignment with Fortune‑500 level industrial actors demonstrates the increasing relevance of decentralized, high‑throughput digital settlement technologies in the next generation of clean‑energy markets.
Reflections for the normal crypto bro out there: Take the largest BTC holder for a second. MicroStrategy is a company that does not sell a product or at least had declining revenue before start purchasing BTC (We are talking about a company that not generated considerable cashflows on a real product or service at least not for what is trade now). MSTR became relevant only by purchasing BTC and building now financial products around it.
Now, take two steps backward and consider companies that have been in existence for over a century and are established industrial giants in the Energy field. This is why Dii is considered to be the “network of networks”.
These presentations were delivered to top executives and decision makers of this industries. The initiatives presented by KII are part of their current piloting and project developments that are build for their stakeholders with a clear market fit.
Kaspa was not mentioned in the context of cryptocurrency. It was presented as infrastructure tool for delivering a solution to this industrial sector.
For me was a privilege to join. Also, worth mentioning that we discussed with Rory and Paul and they are willing to cooperate with LehmanBush in our upcoming endeavor for incorporating a 3C licensed fund manager company in the UAE for managing a Kaspa Qualified Investment Fund QIF before the ADMG.
Further steps: Currently, I am dealing the incorporation process of LehmanBush Capital in the UAE. LehmanBush the firm I represent for the Baltics and Latam, is an investment advisory firm based in Hong Kong, founded by Dr. Edward Lehman American attorney living in China for over three decades and Neil Bush brother and son of former US Presidents.
LehmanBush Capital in the UAE will be a licensed fund manager at ADGM in Abh Dhabi. Under our fund manager I am in charge of an energy portfolio which comprise traditional private equity in the Baltic countries, and our Kaspa Qualified Investment Fund. We have retained legal services for this matter in Abu Dhabi, and we are currently filling the documentation for the In-Principle-Approval IPA; after which the legal vehicles will be incorporated by Q1 2026.
We are discussing with various stakeholders, not only for joining as limited partners or anchor investor but also to be part of our board and management. In this sense, we have discussed with both KII and KEF for bringing together support in our board, and we are considering also incorporating an advisor in the future coming from the community as an expert to discuss governance matters.
I’m convinced Kaspa is a powerhouse of innovation, research, and revolutionary tech that will impact the world. But when this tech meets industrial players who’ve spent centuries building the backbone of global infrastructure… that’s when the impact becomes exponential.
Kind Regards,
Atty. Angel Puente Reyes (KaspaIntern)
Director to Baltics and Latin America
LehmanBush
apuente@lehmanbush.com
www.lehmanbush.com
