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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's Patented RenCast™ Platform Tackles the Solar Energy Challenges Highlighted by President Trump
Prism Media Wire· 2025-08-26 12:32
Core Viewpoint - NextNRG's RenCast™ platform addresses key challenges in solar energy highlighted by President Trump, including high costs, inefficiency, and reliability issues, aiming to enhance solar adoption globally [3][4][10] Company Overview - NextNRG, Inc. is an innovator in AI-driven energy solutions, focusing on transforming energy production, management, and delivery [3][12] - The company is expanding its technology portfolio with the launch of RenCast™, reinforcing its position as a comprehensive energy technology provider [11] Product Details - RenCast™ is a patented hybrid and solar energy forecasting platform that optimizes energy asset performance while minimizing operational risks [3][6] - The platform utilizes advanced machine learning and physical photovoltaic modeling to provide accurate solar PV forecasts with 15-minute resolution for up to 7 days [7] - It can operate in cloud-only mode or hybrid mode, integrating site-specific sensors and power meters for enhanced forecasting [7][8] Market Impact - RenCast™ is designed for various applications, including commercial, industrial, utility-scale, and residential, allowing scalability from single installations to large portfolios [8] - The platform aims to help organizations avoid costly underperformance and streamline energy planning through accurate forecasting and real-time monitoring [8][9] Strategic Goals - The launch of RenCast™ supports NextNRG's strategy of creating multiple revenue streams while promoting sustainable energy adoption across different market segments [11]
NextNRG’s Patented RenCast™ Platform Tackles the Solar Energy Challenges Highlighted by President Trump
Globenewswire· 2025-08-26 12:30
Core Insights - NextNRG, Inc. is launching RenCast™, an AI-driven hybrid and solar energy forecasting platform aimed at addressing cost, efficiency, and reliability challenges in solar energy adoption [1][6] - The platform is designed to optimize energy generation and storage, significantly reducing costs while ensuring stable output, thus making solar energy a more viable option [2][6] Technology Overview - RenCast™ utilizes advanced machine learning and physical photovoltaic modeling to provide highly accurate, site-specific solar PV forecasts with a resolution of 15 minutes over a period of up to 7 days [3] - The platform can operate in cloud-only mode or hybrid mode, integrating site-specific sensors and power meters to enhance forecasting accuracy [3][4] Market Applications - RenCast™ is versatile and suitable for various applications, including commercial, industrial, utility-scale, and residential, allowing organizations to avoid costly underperformance and streamline energy planning [4] - The platform supports scalability from single installations to large, multi-site portfolios, enhancing operational efficiency across different market segments [4] Features and Integration - The platform includes intuitive dashboards, Power Performance Index analysis, historical data access, and programmatic integration through a Forecast-as-a-Service API [5] - These features enable energy professionals to optimize operations and maximize returns, directly addressing concerns about solar energy reliability and cost [6] Company Strategy - The launch of RenCast™ expands NextNRG's technology portfolio beyond mobile fueling operations and smart microgrid solutions, reinforcing its position as a comprehensive energy technology provider [6] - This diversification supports NextNRG's strategy of creating multiple revenue streams while advancing sustainable energy adoption across various market segments [6][8]