JPMorgan Commits $10 Billion to Boost U.S. Energy Security

JPMorgan Chase has announced a significant investment of up to $10 billion in U.S. companies linked to national security. This move targets key sectors such as energy, nuclear power, grid infrastructure, and critical minerals. The initiative is part of a broader $1.5 trillion capital commitment aimed at reinforcing the United States’ industrial base, as reported by Reuters.

The initiative, known as the “Security and Resiliency Initiative,” focuses on four strategic areas: energy independence, defense manufacturing, critical minerals, and advanced technologies. Within the energy sector, JPMorgan plans to prioritize nuclear power generation, battery storage, and distributed power systems designed to enhance grid stability.

To implement this ambitious plan, JPMorgan will employ a combination of direct lending, equity stakes, and advisory services. Additionally, the bank will recruit new bankers who specialize in these strategic industries. This effort aligns with JPMorgan’s 2023 Energy Supercycle outlook, which predicts a global oil market deficit of approximately 1.1 million barrels per day in the current year. The report warns that ongoing underinvestment could exacerbate this gap through 2030.

In a client note from June 2025, JPMorgan reiterated its base-case forecast for Brent crude oil prices, projecting them to remain in the low-to-mid $60s for the year, and around $60 in 2026. The bank also cautioned that under extreme supply-disruption scenarios, prices could surge to between $120 and $130 per barrel. The report anticipates that Brent prices will average about $66 per barrel in 2025, as OPEC+ continues to manage supply and demand from Asia remains robust.

JPMorgan’s recent analysis further highlights the importance of securing access to critical minerals, which has become a central component of global economic strategy. The competition for vital resources such as lithium, nickel, and rare earth elements is reshaping trade and investment patterns, particularly as the U.S. and its allies aim to reduce their dependence on China.

The bank’s new investment strategy signifies a proactive approach to energy security and industrial strategy, reflecting themes emphasized during the Trump administration regarding the need to rebuild domestic capacity across critical sectors. By channeling fresh capital towards these forecasts, JPMorgan aims to position itself at the forefront of this evolving landscape in energy and national security.