NextNRG Secures 28-Year Microgrid Power Purchase Agreement with California Healthcare Facility, Expanding into a Multi-Billion-Dollar Healthcare Resilience Market

Core Insights - NextNRG has executed a 28-year Power Purchase Agreement (PPA) with Sunnyside Nursing and Post-Acute Care Center, marking a significant transition into long-term ownership of revenue-generating energy assets, expected to generate approximately $5.0 million in gross revenue over the agreement's lifespan [1][2][7] Company Developments - The PPA positions NextNRG in the long-term care and assisted living sector, which has a total addressable market exceeding $3.2 billion annually, projected to grow to $7–8 billion over the next decade [2] - NextNRG will develop a multi-source microgrid at Sunnyside, incorporating 409 kW of rooftop solar, a 300 kW battery energy storage system, and gas-powered backup generation, expected to produce around 627,000 kWh in its first year [5][6] Industry Context - Regulatory pressures are increasing demand for on-site resiliency solutions in healthcare facilities, with states like California mandating backup power systems capable of operating for 96 hours during outages [3] - The PPA reduces financial risk for healthcare facilities by providing predictable energy pricing and eliminating the need for high capital expenditures on resiliency infrastructure [4]