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NextNRG Secures Strategic Florida Site, Ideal for Hyperscale Data Center Development
Globenewswire· 2025-09-22 13:15
Core Insights - NextNRG has secured a long-term lease option on 1,600 acres in Nassau County for the development of a 200 MW smart microgrid and hyperscale data centers, addressing the growing demand for AI and cloud infrastructure [1][10] - The site is strategically located near Jacksonville International Airport, providing direct access to major highways and transport routes, with potential access to an additional 6,000 acres for future expansion [2][10] - The phased development approach allows operators to start with smaller facilities, reducing upfront capital requirements and aligning capacity with demand [5][7] Infrastructure and Resources - The Nassau County site offers essential resources for data center development, including firm power availability, reliable water access for cooling, fiber connectivity with low latency, and scalable land for future buildouts [6][8] - NextNRG's patented energy technologies, such as solar integration and hybrid microgrids, can be deployed to enhance the resilience and efficiency of operations [4][9] Market Context - The announcement comes at a time when demand for AI and cloud computing infrastructure is accelerating, with many operators facing challenges in securing suitable sites with reliable resources [3][4] - The company's model provides a unique opportunity for operators to scale responsibly while maintaining predictability in costs and operations [8][9]
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 Q1 2025 Revenues up 147% Year-over-Year
Globenewswire· 2025-05-21 20:05
Core Insights - NextNRG, Inc. reported a significant revenue increase of 147% year-over-year, reaching $16.3 million in Q1 2025 compared to $6.6 million in Q1 2024, reflecting strong execution of its integrated energy strategy [2][10] - The company achieved a gross profit of $518,000, a 12% increase from $462,000 in the same period last year, indicating improved operational efficiency [2][10] - NextNRG's fuel delivery volumes surged by 183%, totaling 4.7 million gallons in Q1 2025, up from 1.7 million gallons in Q1 2024, showcasing robust demand across multiple regions [10][12] Financial Performance - Revenue for Q1 2025 was $16.3 million, a 147% increase from $6.6 million in Q1 2024 [2][10] - Gross profit rose to $518,000, a 12% increase from $462,000 in the prior year [2][10] - The average fuel margin per gallon expanded to $0.71, compared to $0.65 in Q1 2024 [10] Strategic Developments - NextNRG is advancing its Utility Operating System and smart microgrid technology, which leverage AI and machine learning to enhance energy management and efficiency [9][10] - The company is expanding its geographic footprint, entering new markets such as Phoenix, Austin, San Antonio, and Houston, thereby increasing service availability [10][12] - A corporate rebrand and a successful $15 million public offering were completed, strengthening the company's capital position [6][10] Operational Highlights - Preliminary revenue for April 2025 reached $5.82 million, up 154% year-over-year, with volume increasing by 207% [6][10] - NextNRG has expanded its operational capacity to 144 active vehicles servicing major logistics corridors across the U.S. [6][10] - The company is set to launch the largest bidirectional wireless EV charging pilot in Southern Florida later this year [10][12]