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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 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 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]