NextNRG Expands Services into Oklahoma

Rhea-AI Summary

NextNRG has announced the expansion of its mobile fueling operations into Oklahoma, marking a strategic move to grow its national footprint. The expansion begins by servicing one of the nation's largest in-house fleet operators under a long-term agreement.

The company sees significant potential in Oklahoma's market, citing over $9 billion in planned construction through 2030 and the state's position as a crucial freight and energy corridor. Oklahoma's high concentration of fleet-reliant industries aligns well with NextNRG's business model.

Currently, NextNRG operates its direct-to-site fueling services across multiple states, including Florida, Texas, California, Tennessee, Michigan, and Arizona. The company leverages its proprietary customer interface to provide centralized account management, on-demand scheduling, and secure tracking tools.

Positive

• Expansion into Oklahoma with secured long-term agreement with major fleet operator
• Growing national footprint with operations in 7 states including FL, TX, CA, TN, MI, AZ, and now OK
• Market entry aligns with $9B planned construction through 2030 in Oklahoma
• Recurring revenue potential through long-term service agreements

Negative

• No specific revenue projections or financial impact disclosed
• High competition expected in Oklahoma's energy corridor
• Capital requirements for new market expansion not detailed

Expansion begins with one of the nation’s largest in-house fleet operators and supports broader rollout to additional national accounts and new markets across the state

MIAMI, April 30, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (“NextNRG” or the “Company”) (Nasdaq: NXXT), a pioneer in AI-driven energy innovation—transforming how energy is produced, managed, and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging, and on-demand mobile fuel delivery solutions— today announced the expansion of its mobile fueling operations into Oklahoma, further extending its national footprint and advancing its recurring revenue strategy.

Initial operations in Oklahoma will begin with servicing one of the nation’s largest in-house fleet operators under a long-term agreement. The Company expects to build on this foundation by expanding services to additional national accounts and opening new markets across the state.

NextNRG believes that Oklahoma’s expanding infrastructure and logistics sectors represent a significant opportunity for mobile fueling services. With more than $9 billion in planned construction through 2030, a high concentration of fleet-reliant industries, and its role as a national freight and energy corridor, the state aligns well with NextNRG’s customer profile and operating model.

“Oklahoma represents a strong entry point as we expand fueling services for one of the largest in-house fleet operators in the U.S.,” said Michael D. Farkas, Founder and CEO of NextNRG. “This launch not only supports an existing customer relationship under a long-term agreement, but also provides a foundation for broader growth across the state as we scale with additional national partners and open new markets in the region.”

NextNRG’s direct-to-site fueling services are currently active in several states, including Florida, Texas, California, Tennessee, Michigan and Arizona. The Company provides centralized account management, on-demand scheduling and secure tracking tools through its proprietary customer interface.

About NextNRG, Inc.
NextNRG, Inc. (NextNRG) is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem.

At the core of NextNRG’s strategy is its Utility Operating System, which leverages AI and ML to help make existing utilities’ energy management as efficient as possible; and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities and government properties, expanding energy accessibility while supporting decarbonization initiatives.

NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division and Shell Oil’s trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV, supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.

To find out more, visit: www.nextnrg.com

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as "expect," "intends," "will," and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

Investor Relations Contact
NextNRG, Inc.
Sharon Cohen
SCohen@nextnrg.com

FAQ

What states does NextNRG (NXXT) operate its mobile fueling services in 2025?

As of April 2025, NextNRG operates its mobile fueling services in seven states: Florida, Texas, California, Tennessee, Michigan, Arizona, and now Oklahoma.

How is NextNRG expanding into Oklahoma in 2025?

NextNRG is entering Oklahoma by servicing one of the nation's largest in-house fleet operators under a long-term agreement, with plans to expand to additional national accounts across the state.

Why did NextNRG choose Oklahoma for expansion in 2025?

NextNRG chose Oklahoma due to its $9 billion planned construction through 2030, high concentration of fleet-reliant industries, and its position as a national freight and energy corridor, which aligns with their customer profile.

What services does NextNRG (NXXT) offer in its mobile fueling operations?

NextNRG provides direct-to-site fueling services with centralized account management, on-demand scheduling, and secure tracking tools through their proprietary customer interface.

What is NextNRG's technology stack for energy management?

NextNRG's technology includes an AI-driven Utility Operating System, smart microgrid technology, wireless EV charging, and on-demand mobile fuel delivery solutions.