Exploring successful global energy transition trends in Kazakhstan

During the workshop at Nazarbayev University, experts from the Massachusetts Institute of Technology shared successful experiences in modernizing the Texas power grid with Kazakh specialists. These included discussions on geothermal energy production, carbon capture technologies, and environmentally friendly green and blue hydrogen generation. The event focused on modern trends and global best practices in energy transition that could benefit the domestic industry sector. With the data provided by the Kazakh Ministry of Energy, MIT researchers prepared a draft roadmap, which could serve as a basis for the most effective policy for the development and improvement of the country’s energy sector in the future.

“It is crucial for us as regulators to select the right technological policy in these areas. In this regard, we are creating a format for the collaboration of innovative ideas, and such an event will be held on a regular basis. There is an opportunity to attract private capital for infrastructure modernization, and our task is to scrutinize the proposed mechanisms. If they meet our criteria, we will implement them accordingly,” Kazakh Vice Minister of Energy Bakytzhan Ilyas said.

“We involved top MIT professors to work on the projects. As part of the MIT program, we analyzed major trends and best global practices in the energy sector. We offer information on current global trends, not just recommendations. Then, together with the country’s Ministry of Energy, we will thoroughly develop each scenario,” said the workshop organizer Aizhan Balabatyrova.

It is worth mentioning that organizers invited representatives from the Kazakh business community to the two-day seminar. Foreign mentors shared successful case studies from different countries, offering guidance for domestic entrepreneurs, startups, and private investors on generating income from energy production. The workshop also discussed the topic of capital attraction in the industry, including through venture funds.