Next Utility Operating System®

Search documents
NextNRG to Host Second Quarter 2025 Financial Results Conference Call on August 15, 2025 at 9:00 a.m. ET
Globenewswire· 2025-08-14 22:00
Core Insights - NextNRG, Inc. is a leader in AI-driven energy innovation, focusing on transforming energy production, management, and delivery through its Next Utility Operating System®, smart microgrids, and wireless EV charging solutions [1][5][6] - The company will host a conference call on August 15, 2025, to discuss its financial results for Q2 2025 [1][8] Company Overview - NextNRG integrates AI and machine learning into renewable energy and next-generation energy infrastructure, including battery storage and mobile fuel delivery [4][5] - The Next Utility Operating System® aims to enhance energy management efficiency for existing utilities [5] - Smart microgrids developed by NextNRG utilize AI-driven management alongside solar power and battery storage to improve energy efficiency and grid resiliency [5] Recent Developments - NextNRG is expanding its fleet of fuel delivery trucks and has acquired Yoshi Mobility's fuel division and Shell Oil's trucks, strengthening its position in the on-demand fueling industry [6] - The company is integrating sustainable energy solutions into its mobile fueling operations and aims to assist fleet customers in transitioning to electric vehicles [6]
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 Announces Completion of Strategic Financial Restructuring Reducing Monthly Burn by Approximately $1 Million
Globenewswire· 2025-07-21 13:05
Core Viewpoint - NextNRG, Inc. has completed a financial restructuring that significantly reduces its monthly cash burn by approximately $1 million, enhancing its cash flow position and supporting its growth strategy [1][3]. Financial Restructuring Details - The restructuring includes a debt conversion agreement that converts existing debt into equity at a premium to market, and a refinancing of high-cost short-term debt with an 8-month $2 million note [2]. - On July 11, 2025, NextNRG issued 1,081,395 shares of restricted common stock at $2.15 per share to an existing lender, eliminating its obligations to that lender [2]. - The newly issued shares cannot be sold for a minimum of six months, and the overall result of these transactions is a nearly $1 million reduction in the company's monthly cash burn [2]. Strategic Implications - The restructuring is viewed as a transformative moment for NextNRG, providing the financial stability necessary to execute its growth strategy and focus on scaling its AI-driven energy platform [3]. - The company aims to convert a lender into a long-term investor, which is expected to further support its expansion across multiple energy sectors and geographic markets [3]. Company Overview - NextNRG, Inc. is focused on integrating artificial intelligence (AI) and machine learning (ML) into renewable energy and next-generation energy infrastructure, including battery storage and wireless electric vehicle (EV) charging [4]. - The company's strategy revolves around its Next Utility Operating System®, which enhances energy management efficiency and supports the deployment of smart microgrids [5].
NextNRG Signs Letter of Intent for Two Healthcare Facility Smart Microgrid Projects in Los Angeles County
Globenewswire· 2025-07-16 13:15
Core Insights - NextNRG is strategically expanding into the healthcare sector by developing energy infrastructure for two facilities in Los Angeles, demonstrating its energy-agnostic technology and own-and-operate model [1][2][4] Company Overview - NextNRG, Inc. is focused on AI-driven energy innovation, utilizing its Next Utility Operating System®, smart microgrids, and mobile fuel delivery to transform energy production and management [1][10] - The company aims to establish itself as a dedicated energy provider under long-term contracts, particularly in sectors requiring continuous power [1][4] Project Details - NextNRG has signed 28-year Power Purchase Agreements (PPAs) with Sunnyside Nursing and Topanga Terrace Rehabilitation, ensuring predictable revenue streams [2][5] - The PPA for Sunnyside will generate revenue at $0.25 per kWh with a 2% annual escalator, while Topanga will generate revenue at $0.22 per kWh with a similar escalator [2][5] Technology and Infrastructure - The energy infrastructure will include solar generation, battery storage, and smart microgrid systems, enhancing reliability and compliance with healthcare regulations [3][4] - Each facility will feature up to 830 kWh DC of solar capacity and 2.2 MWh of battery storage [3] Market Opportunity - The healthcare sector presents a significant market opportunity for NextNRG, with an addressable market of approximately $3.2 billion in annual revenue, projected to grow to $7–8 billion by the early 2030s [7][8] - There are 15,300 nursing homes and 32,231 assisted living facilities in the U.S., all requiring reliable energy solutions [7] Strategic Positioning - NextNRG's energy-agnostic technology allows it to serve as a complete energy solution provider, optimizing power from various sources [5][6] - The company is well-positioned to replicate its ownership and energy sales model across thousands of healthcare facilities nationwide [8] Recent Developments - NextNRG has experienced record-breaking revenue growth, with preliminary May 2025 revenue of $6.6 million, representing a 148% year-over-year increase [8]
NextNRG Reports Preliminary June 2025 Revenue Growth of 231% Year-Over-Year
Globenewswire· 2025-07-10 12:45
Core Insights - NextNRG, Inc. reported its sixth consecutive record month with a 231% year-over-year revenue growth in June 2025, indicating strong market demand for its AI-driven energy solutions [2][8] - The company is on track to achieve a $100 million revenue run-rate, bolstered by the pending acquisition of ReFuel Mobile in Canada, which is expected to close by August 1, 2025 [3][2] - NextNRG's operational efficiency and recurring revenue contracts are projected to lead to profitability in 2026, transitioning the company from a high-growth phase to a sustainable cash-generating enterprise [2] Financial Performance - June 2025 revenue reached $6.98 million, reflecting a 231% increase year-over-year and a 6% increase month-over-month [8] - Year-to-date revenue through June 2025 totaled approximately $35.87 million, a 33% increase compared to the full-year 2024 revenue of approximately $27 million [8] - The company delivered over 2.04 million gallons of fuel in June 2025, marking a 270% year-over-year increase and a 4% month-over-month increase [8] Strategic Initiatives - The acquisition of ReFuel Mobile, which has experienced a 1,166% revenue growth over three years, will enhance NextNRG's recurring revenue base and support international expansion [3] - NextNRG is expanding its fleet of fuel delivery trucks and operations across six U.S. states, with 144 active fuel delivery trucks [2][7] - The company is integrating sustainable energy solutions into its mobile fueling operations and plans to deploy its AI-powered microgrid systems and wireless EV charging products in key markets [2][6][7]
NextNRG Signs LOI to Acquire ReFuel Mobile, Preparing for International Expansion with Canadian Mobile Fueling Leader
Globenewswire· 2025-06-30 12:50
Core Insights - NextNRG, Inc. has signed a letter of intent to acquire ReFuel Mobile, a Canadian mobile fueling company, marking its entry into international markets and expanding its operations in Ontario's commercial and industrial sectors [1][2][5] - ReFuel Mobile has shown exceptional growth, ranking 36 on Globe and Mail's fastest-growing companies list with a 1,166% revenue growth over three years, and is currently profitable [3][10] - The acquisition is expected to enhance NextNRG's mobile fueling leadership and contribute to its recurring revenue base, with projected forward 12-month revenues of $100 million [5][9] Company Overview - NextNRG, Inc. specializes in AI-driven energy solutions, including smart microgrids and mobile fuel delivery, aiming to transform energy production and management [1][11] - ReFuel Mobile, founded in 2016, focuses on direct-to-vehicle and direct-to-equipment fuel delivery, serving various sectors including transportation, construction, and logistics [2][10] - The acquisition will integrate ReFuel's proprietary software platform with NextNRG's technology, enhancing operational efficiency and service delivery [5][9] Financial Performance - NextNRG reported preliminary revenue of $6.6 million for May 2025, representing a 148% year-over-year growth, marking its fifth consecutive record month [8] - Year-to-date revenue through May reached approximately $28.89 million, surpassing the full-year 2024 revenue of approximately $27 million [9] Strategic Goals - The acquisition aligns with NextNRG's strategy to scale AI-optimized energy solutions globally and expand its geographic reach [5][7] - ReFuel plans to enhance its service offerings and expand into additional regions in Ontario and Quebec, including Ottawa and Montreal [6][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 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]