WASHINGTON, Aug. 24, 2026 /PRNewswire/ -- Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Energy (DOE) announced a Memorandum of Agreement (MOA) establishing a strategic partnership to advance President Donald J. Trump's American energy dominance agenda. Signed by SBA Administrator Kelly Loeffler and Energy Secretary Chris Wright at an event today in Pennsylvania, the agreement establishes the Small Business Investment Company-Energy (SBIC-E) Initiative, intended to help attract and scale private investment into technology areas, components, and production processes critical to American energy production.

"President Trump is establishing American energy dominance, ending the Green New Scam, and putting our nation's producers and innovators back in control at the dawn of a new era of energy reliability and abundance," said SBA Administrator Kelly Loeffler. "Through this partnership, the SBA and Department of Energy are strengthening access to capital in the private sector to ensure America's fossil fuels, nuclear, and electric power technology and infrastructure are the most advanced and plentiful in the world. By aligning investment from the proven Small Business Investment Company Program with the DOE's strategic priorities, this Administration will fuel the producers that deliver affordable energy to families and small businesses across our great nation."

"America's small businesses drive American innovation and affordable, reliable energy access." said U.S. Secretary of Energy Chris Wright. "By partnering with the Small Business Administration, the Energy Department is committing to invest its resources in American small businesses that will create jobs, strengthen our domestic manufacturing base, and unleash American energy production."

The SBIC-E Initiative builds on the SBA's broader push to restore domestic manufacturing and supply chain independence, complementing initiatives such as the SBA's 90% Loan Guarantee for small businesses across the energy production supply chain. The initiative also mirrors a similar effort the SBA launched alongside NASA earlier this year to enable targeted SBIC investment in support of strategic aerospace priorities.

Through the MOA, the Department of Energy's Office of Technology Commercialization and the SBA's Office of Investment and Innovation will align DOE's strategic energy priorities with SBA's Small Business Investment Company Program, which currently boasts $58 billion in combined portfolio value. The DOE will identify critical technology, energy production, and supply chain needs, while the SBA will license and oversee participating SBIC investment funds that commit capital into priority focus areas, including:

• Traditional energy production, infrastructure, and storage
• Next-generation nuclear power and baseload power systems
• Advanced materials, metals, and critical minerals
• Energy systems resilience and grid equipment
• Specialized supply chain technologies vital to national and economic security

The initiative focuses on the foundational technologies and industrial capabilities that support DOE's mission priorities and President Donald J. Trump's energy dominance agenda. DOE priorities will be reviewed and updated regularly as requirements evolve, helping direct investment toward technologies that are most essential to maintaining a resilient domestic energy supply chain.

About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

Contact: SBA Media Team

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SOURCE U.S. Small Business Administration (SBA)