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NextNRG Secures 28-Year Microgrid Power Purchase Agreement with California Healthcare Facility, Expanding into a Multi-Billion-Dollar Healthcare Resilience Market
Globenewswire· 2025-11-20 14:15
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]
NextNRG Reports Q3 2025 Revenues Up 232% Year-Over-Year
Globenewswire· 2025-11-17 13:00
Core Insights - NextNRG, Inc. reported its strongest financial performance to date for Q3 2025, with significant revenue growth and margin expansion [1][4][9] Financial Performance - Revenue for Q3 2025 reached $22.9 million, a 232% increase compared to $6.9 million in Q3 2024, and up from $19.7 million in Q2 2025 [2][9] - Gross profit increased to $2.4 million, with gross profit margins expanding from 8% in Q2 2025 to 11% in Q3 2025 [2][9] - The company reported a net loss of approximately $14.9 million for Q3 2025, primarily due to non-cash stock-based compensation and growth-related investments [2][9] Operational Highlights - The mobile fueling division achieved its highest revenues and margins to date, contributing to the overall financial performance [5] - NextNRG is advancing AI-driven smart microgrid projects, focusing on sectors such as healthcare and large-scale commercial facilities, which are generating increasing interest from customers [6] - Development of bidirectional wireless EV charging technology is progressing, with plans for a demonstration in the near future [7] Strategic Focus - The company is executing on a growing pipeline of projects that leverage its integrated energy platform, which includes mobile fueling, smart microgrids, predictive analytics, and wireless EV charging [9][10] - NextNRG aims to lead the transition to intelligent, distributed power by integrating AI and machine learning into its utility infrastructure and energy management systems [11][12]
NextNRG to Host Third Quarter 2025 Financial Results Conference Call on November 17, 2025 at 8:30 a.m. ET
Globenewswire· 2025-11-13 15:11
Core Viewpoint - NextNRG, Inc. is set to report its financial results for Q3 2025 on November 14, 2025, and will hold a conference call on November 17, 2025, to discuss these results and provide a corporate update [1]. Company Overview - NextNRG, Inc. integrates artificial intelligence (AI) and machine learning (ML) into utility infrastructure, battery storage, wireless EV in-motion charging, renewable energy, and mobile fuel delivery, creating a unified platform for modern energy management [3][4]. - The company operates one of the largest on-demand fueling fleets in the U.S. and is advancing wireless charging technology to support fleet electrification [4]. Strategic Focus - The core strategy of NextNRG is the Next Utility Operating System®, which utilizes AI to optimize both new and existing infrastructure across microgrids, utilities, and fleet operations [4]. - NextNRG's smart microgrids cater to various sectors including commercial, healthcare, educational, tribal, and government, providing cost savings, reliability, and decarbonization [4]. Conference Call Details - The conference call will take place on November 17, 2025, at 8:30 a.m. Eastern Time, with dial-in options available for U.S. and international participants [7][8]. - A live audio webcast of the call will be accessible and archived for 12 months [2]. Replay Information - A replay of the conference call will be available approximately one hour after the call and will remain accessible until November 26, 2025 [3].
NextNRG to Bring Advanced Microgrid and EV Charging Solutions to Gulfstream Development Corporation’s 300-Acre Florida Warehousing Development
Globenewswire· 2025-10-30 13:00
Core Insights - NextNRG Inc. has signed a Memorandum of Understanding (MOU) with Gulfstream Development Corporation to develop an integrated energy solution for a 300-acre warehousing project near Port St. Lucie, Florida, focusing on AI-driven energy infrastructure and mobility solutions [1][2] Company Overview - NextNRG Inc. specializes in AI-driven energy innovation, integrating artificial intelligence and machine learning into utility infrastructure, battery storage, wireless EV charging, and renewable energy [4][6] - Gulfstream Development Corporation is a premier developer of industrial, commercial, and mixed-use construction projects across the United States, focusing on sustainable developments [3] Project Details - The collaboration aims to optimize operations and reduce environmental impact at the Port St. Lucie site through advanced energy solutions [2] - Key components of the project include AI-optimized microgrids, an energy management platform, wireless EV charging infrastructure, and mobile fueling solutions [5][6] Technology and Solutions - NextNRG will implement smart microgrid systems combining solar photovoltaic arrays with advanced battery energy storage for reliable power [5] - The Next Utility Operating System® will be deployed to forecast energy loads and optimize usage [5][6] - The project will feature wireless electric vehicle charging systems and on-demand mobile fueling solutions [5][6] Strategic Importance - This partnership exemplifies how integrated energy ecosystems can transform large-scale commercial and industrial projects, enhancing operational efficiency and reducing costs [2][6] - The agreement highlights NextNRG's commitment to advancing sustainable mobility and energy solutions in commercial and industrial sectors nationwide [2]
NextNRG to Present at the ThinkEquity Conference
Globenewswire· 2025-10-29 21:00
Core Insights - NextNRG Inc. is a leader in AI-driven energy innovation, focusing on transforming energy production, management, and delivery [1][3] - The company will present at the ThinkEquity Conference on October 30, 2025, highlighting its advancements in energy technology [1] Company Overview - NextNRG integrates artificial intelligence (AI) and machine learning (ML) into utility infrastructure, battery storage, wireless EV charging, renewable energy, and mobile fuel delivery [3] - The company's strategy revolves around the Next Utility Operating System®, which optimizes infrastructure across microgrids, utilities, and fleet operations [4] - NextNRG's smart microgrids cater to various sectors, including commercial, healthcare, education, tribal, and government, providing cost savings, reliability, and decarbonization [4] Innovations and Services - NextNRG operates one of the largest on-demand fueling fleets in the nation and is advancing wireless charging technology to support fleet electrification [4]
NextNRG Reports Preliminary September 2025 Revenue Growth of 229% Year-Over-Year
Prism Media Wire· 2025-10-13 13:01
NextNRG Reports Preliminary September 2025 Revenue Growth of 229% Year-Over-Year MIAMI, October 13, 2025 – PRISM MediaWire (Press Release Service – Press Release Distribution) – NextNRG, Inc. (NASDAQ: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered, today announced preliminary unaudited financial results for September 2025.September 2025 Highlights:Revenue: $7.07 million, up 229% year-over-year from $2.15 million in September 2024Gallons Delivered ...
NextNRG Reports Preliminary August 2025 Revenue Growth of 222% Year-Over-Year
Prism Media Wire· 2025-09-10 13:00
Core Insights - NextNRG reported a preliminary revenue growth of 222% year-over-year for August 2025, reaching $7.51 million compared to $2.33 million in August 2024 [6][4] - Year-to-date revenue through August 2025 has nearly doubled the total revenue for the entire fiscal year 2024, amounting to approximately $51.6 million [6][4] - The company experienced a 9% sequential revenue decrease in August compared to July, which was influenced by an extraordinary surge in fuel deliveries during a seasonal event [5][4] Financial Performance - Revenue for August 2025 was $7.51 million, a significant increase of 222% from $2.33 million in August 2024 [6] - Gallons delivered in August 2025 reached 2.18 million, up 239% year-over-year from 642,705 gallons in August 2024 [6] - Year-to-date revenue through August 2025 has already surpassed the full-year 2024 revenue of approximately $27 million by nearly double [6] Growth Strategy - The company emphasizes its scalable technology and expanding customer adoption as key drivers of its growth trajectory [7][8] - NextNRG is developing Rencast, an AI-driven platform aimed at enhancing operational efficiency and customer engagement [15] - The company believes it is on track to achieve near-term profitability, supported by robust market demand and proprietary technologies [8][7] Market Position - NextNRG is positioned as a pioneer in AI-driven energy innovation, focusing on transforming energy production, management, and delivery [3][10] - The company operates one of the largest on-demand fueling fleets in the nation and is advancing wireless charging solutions for fleet electrification [11][10] - The Next Utility Operating System® is central to the company's strategy, utilizing AI to optimize infrastructure across various sectors [11]
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]