On-demand Fueling

Search documents
NextNRG Appoints Growth Leader and Fintech Pioneer Michael Weisz to Strategic Advisory Board
Globenewswire· 2025-08-13 14:15
Core Insights - NextNRG, Inc. has appointed Michael Weisz to its Strategic Advisory Board, bringing extensive experience in scaling investment platforms and executing strategic M&A [1][3][4] - Weisz previously founded Yieldstreet, which deployed over $6 billion across various asset classes and became the largest direct-to-consumer alternative investment platform in the U.S. [2][5] - NextNRG aims to leverage AI and machine learning to transform energy production and management, focusing on smart microgrids and wireless EV charging solutions [7][8][10] Company Overview - NextNRG is focused on AI-driven energy innovation, implementing solutions like the Next Utility Operating System® and smart microgrids to enhance energy efficiency and reduce costs [7][8] - The company is expanding its operations in multiple energy sectors and geographic markets, including the acquisition of Yoshi Mobility's fuel division and Shell Oil's trucks [10] - NextNRG's technology aims to support the transition to electric vehicles (EV) and improve energy accessibility while contributing to decarbonization efforts [9][10] Leadership and Strategy - Michael Weisz's appointment is expected to strengthen NextNRG's go-to-market strategy and growth initiatives, leveraging his expertise in capital markets and strategic partnerships [3][4] - The company is positioned at the intersection of the AI revolution and the global energy transition, aiming to create significant value through disciplined execution and intelligent capital deployment [3][10] - NextNRG's Strategic Advisory Board is chaired by Gary M. Goldfarb, enhancing the company's strategic direction as it continues to grow [3]
NextNRG Reports Preliminary July 2025 Revenue Growth of 236% Year-Over-Year
Globenewswire· 2025-08-07 12:45
Core Insights - NextNRG achieved a significant milestone by exceeding $8 million in monthly revenue for the first time, marking the seventh consecutive record month [2][3] - The company reported a 236% year-over-year revenue growth, indicating strong market position and successful execution of its multi-state expansion strategy [2][8] - Financial restructuring has reduced monthly burn by $1 million, positioning the company for sustainable profitability [2] Financial Performance - July 2025 revenue reached $8.19 million, reflecting a 236% increase year-over-year and a 17% increase month-over-month [8] - Year-to-date revenue through July 2025 is approximately $44.1 million, significantly higher than the full-year 2024 revenue of approximately $27 million [8] Strategic Developments - The company is advancing deployment timelines for its Next Utility Operating System®, AI-powered microgrid systems, and wireless EV charging solutions [2] - NextNRG has formed a strategic partnership with Hudson Sustainable Group and is included in the Russell 2000® and Russell 3000® indexes [3] - The company is expanding its fleet of fuel delivery trucks and integrating sustainable energy solutions into its mobile fueling operations [7]
NextNRG Reports Preliminary May 2025 Revenue Growth of 148% Year-Over-Year
Globenewswire· 2025-06-24 12:00
Core Insights - NextNRG, Inc. reported a record revenue month in May 2025, marking the fifth consecutive month of strong revenue growth, driven by operational expansion and increased demand from partners nationwide [2][9] - Year-to-date revenue through May 2025 reached approximately $28.89 million, surpassing the total revenue for the entire year of 2024, which was approximately $27 million [9] Company Overview - NextNRG is focused on AI-driven energy innovation, implementing technologies such as the Next Utility Operating System®, smart microgrids, and wireless EV charging to transform energy production, management, and delivery [1][4] - The company aims to enhance energy efficiency, reduce costs, and improve grid resiliency through its AI-powered microgrid systems, which are designed for various commercial and public applications [5] Strategic Developments - NextNRG is expanding its fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility's fuel division and Shell Oil's trucks, solidifying its leadership in the on-demand fueling industry [6] - The company is integrating sustainable energy solutions into its mobile fueling operations and plans to assist fleet customers in transitioning to electric vehicles (EVs) through innovative wireless EV charging solutions [6]
NextNRG Partners with $13 Billion Renewable Energy Investor Hudson Sustainable Group to Accelerate U.S. Energy Infrastructure Buildout
Globenewswire· 2025-06-12 12:30
Core Insights - NextNRG, Inc. has formed a strategic partnership with Hudson Sustainable Group to enhance capital access for developing renewable energy projects, including solar, battery storage, microgrids, and wireless EV charging [1][2][3] Company Overview - NextNRG is focused on AI-driven energy solutions, aiming to revolutionize energy production, management, and delivery through its Next Utility Operating System and smart microgrids [1][7] - The company is expanding its operations in on-demand mobile fuel delivery and wireless EV charging, positioning itself as a leader in the energy transition [9][10] Partnership Details - The partnership allows Hudson Sustainable Group to prioritize funding for selected projects within NextNRG's national pipeline, facilitating the development of utility-scale energy assets [2][3] - Hudson Sustainable Group has mobilized over $13 billion in capital for renewable energy and clean transport infrastructure, indicating strong financial backing for the partnership [4] Strategic Goals - The collaboration aims to scale AI-optimized energy infrastructure to meet the increasing demand for resilient power solutions, enhancing project execution and commercial pipeline [5] - NextNRG's strategy includes deploying smart microgrids that utilize AI for energy management, targeting various sectors such as commercial properties and healthcare [8]
NextNRG to Be Added to Russell 2000® and Russell 3000® Indexes
Globenewswire· 2025-06-11 12:00
Core Insights - NextNRG, Inc. has been included in the Russell 2000® and Russell 3000® Indexes, marking a significant milestone in its growth and recognition in the market [1][3] - The reconstitution of the Russell indexes will take effect after market close on June 27, 2025, with trading in the new indexes starting on June 30, 2025 [2] - The inclusion in these indexes is expected to enhance institutional engagement and long-term value creation for NextNRG as it scales its projects across the country [3] Company Overview - NextNRG is focused on AI-powered energy innovation, utilizing advanced technologies such as the Next Utility Operating System®, smart microgrid infrastructure, and wireless EV charging [1][5] - The company aims to create an integrated ecosystem for renewable energy, energy infrastructure, battery storage, and on-demand mobile fuel delivery [5] Strategic Developments - NextNRG has experienced strong quarterly growth and strategic advancements, including new state expansions and enterprise partnerships [4] - The company is expanding its fleet of fuel delivery trucks and has acquired Yoshi Mobility's fuel division and Shell Oil's trucks, reinforcing its leadership in the on-demand fueling industry [7] - NextNRG is integrating sustainable energy solutions into its mobile fueling operations and plans to assist fleet customers in transitioning to electric vehicles (EVs) [7] Technological Innovations - The Next Utility Operating System® employs AI and machine learning to enhance energy management efficiency [6] - NextNRG's smart microgrids utilize AI-driven energy management alongside solar power and battery storage to improve energy efficiency and grid resiliency [6]
NextNRG Expands Services into Oklahoma
Globenewswire· 2025-04-30 13:15
Core Insights - NextNRG, Inc. is expanding its mobile fueling operations into Oklahoma, targeting one of the largest in-house fleet operators under a long-term agreement, which supports its recurring revenue strategy [1][2] - The company identifies Oklahoma's growing infrastructure and logistics sectors as a significant opportunity, with over $9 billion in planned construction through 2030, aligning well with its customer profile [3] - NextNRG's strategy includes leveraging AI and machine learning to enhance energy management and deploying smart microgrids to improve energy efficiency and support decarbonization initiatives [6][7] Company Overview - NextNRG is focused on AI-driven energy innovation, including renewable energy, battery storage, and on-demand mobile fuel delivery, creating an integrated ecosystem [5] - The company operates a Utility Operating System that optimizes energy management for existing utilities and deploys smart microgrids for various commercial and governmental properties [6] - NextNRG is expanding its fleet of fuel delivery trucks and integrating sustainable energy solutions, including wireless EV charging, to assist fleet customers in transitioning to electric vehicles [7]