US · Washington, D.C. · Jun 06, 2026

Strategic Storage Partners Secures $1.4 Billion DOE Contract for SPR Management

The U.S. Department of Energy has selected Strategic Storage Partners, LLC to manage and operate the Strategic Petroleum Reserve under a $1.4 billion contract.

Single-source US Washington, D.C. Business Politics

Note: Single-source report; awaiting corroboration.

The U.S. Department of Energy announced that Strategic Storage Partners, LLC has been awarded a $1.4 billion contract to manage and operate the Strategic Petroleum Reserve. This award follows a competitive selection process by the DOE.

The contract highlights the DOE’s commitment to the efficient operation of the SPR, which is essential for maintaining U.S. energy security.

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