The Pentagon’s Office of Strategic Capital is preparing to award nearly $1 billion in loans to jump-start technologies critical to national security.
Defense Secretary Lloyd Austin established the office in December 2022 to attract private investment in key technologies. OSC focuses on component-level technologies with broad commercial applications that are also relevant to national security.
The US is at risk of falling behind in developing emerging technologies such as battery storage that are vital to national security, according to OSC’s first investment strategy published earlier this year. The strategy seeks to incentivize investors to provide greater access to capital for ...