NextNRG Secures 25-Year Microgrid Contract with Taft Medical Complex, Expanding Its Healthcare Infrastructure Model into Florida
Rhea-AI Summary
NextNRG (Nasdaq: NXXT) announced a 25-year contract to design, own and operate a microgrid and EV charging ecosystem for Taft Medical Complex in Hollywood, Florida, supporting compliance with the state’s 96-hour healthcare backup-power mandate.
NextNRG will deploy about 320 kW of rooftop and carport solar, a 60 kW / 240 kWh battery storage system, its AI-driven Microgrid Controller, six Level 2 EV chargers and roof improvements across four buildings. The system is expected to produce over 500,000 kWh in its first year and roughly 11.8 million kWh over 25 years. According to NextNRG, the contract represents approximately $3.5 million in contracted customer payments over the term, while Taft Medical is estimated to save more than $2 million in utility costs. EV infrastructure will be owned and operated by wholly owned subsidiary NextCharging, which will share net charging revenue 50/50 with Taft Medical, creating an additional recurring revenue stream. Management highlights this deal as a beachhead for its repeatable healthcare infrastructure model in a global healthcare microgrid market estimated at $3.45 billion in 2024 and projected to reach about $10.16 billion by 2033.
Positive
- $3.5 million in contracted customer payments over 25-year term
- Long-term 25-year own-and-operate microgrid agreement with Taft Medical Complex
- Expected energy production of 11.8 million kWh over contract term
- Taft Medical projected utility savings of more than $2 million
- Additional recurring revenue via 50/50 shared net EV charging income
- Access to fast-growing healthcare microgrid market projected to $10.16 billion by 2033
Negative
- None.
News Explained
NextNRG has secured the 25-year Taft Medical Complex contract, but the disclosed project has not reached construction: work is expected to begin only after final engineering, permitting, financing approval and utility approval.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 13 | Q2 earnings report | Negative | -16.2% | Continued losses, limited cash, and completed private placement despite improved quarterly results |
| Aug 12 | Earnings call scheduling | Neutral | -2.1% | Conference call scheduled to discuss second-quarter results and provide a corporate update |
| Jul 14 | June revenue update | Positive | -3.1% | Preliminary June revenue and gross profit increased year over year |
| Jul 07 | Healthcare microgrid launch | Positive | -5.8% | Pre-construction began on two owned-and-operated California healthcare microgrids |
| Jun 24 | Fueling operations update | Positive | -4.7% | EzFill supported generator operations at an international soccer tournament |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent project and operating updates generally diverged from negative price reactions, while the Q2 report's negative reaction was aligned with its continuing losses and financing concerns.
Key Terms
microgrid controller technical
battery energy storage system technical
peak-demand shaving technical
charge point operator technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Agreement helps Taft Medical Complex meet Florida's 96-hour backup power healthcare mandate while extending NextNRG's repeatable, own-and-operate energy model
MIAMI, FL, Aug. 26, 2026 (GLOBE NEWSWIRE) -- NextNRG, Inc. (Nasdaq: NXXT) ("NextNRG" or the "Company"), a pioneer in AI-driven energy innovation transforming how energy is produced, managed and delivered, today announced it has secured a 25-year contract with Taft Medical Complex in Hollywood, Florida. Under the contract, NextNRG will deploy and manage an integrated energy ecosystem combining solar generation, battery storage, its proprietary AI-driven Microgrid Controller and EV charging infrastructure, while providing ongoing energy services to the facility.
Healthcare facilities face increasingly stringent requirements to maintain reliable backup power for critical operations. In Florida, Administrative Code Rule 59A-4.1265, adopted following Hurricane Irma, requires nursing homes and assisted living facilities to maintain at least 96 hours of backup power during an outage. These requirements are creating a regulatory-driven need for healthcare operators to identify and implement reliable on-site energy solutions capable of supporting critical operations when the grid is unavailable.
The opportunity represents a significant addressable market for NextNRG. The global healthcare microgrid market was approximately
Beyond helping healthcare facilities meet backup-power requirements, NextNRG's microgrid solutions are designed to deliver operational and economic benefits, including peak-demand shaving, lower energy costs, improved resilience and more streamlined management of on-site energy infrastructure. These capabilities can help healthcare operators optimize energy use while strengthening the resiliency of critical facilities.
"Healthcare is exactly the kind of regulated market our platform was built for," said Michael D. Farkas, Founder and CEO of NextNRG. "These are facilities where losing power isn't an inconvenience, it can put patients' lives at risk, so resilient backup energy isn't optional, it's essential. We're building intelligent energy infrastructure that we own and operate to help healthcare facilities meet that responsibility, while delivering benefits that go well beyond backup power. We believe that combination creates a significant opportunity for NextNRG in healthcare, particularly as facilities face increasing pressure to strengthen their energy infrastructure."
Project Highlights
- Approximately 320 kW of rooftop and carport-mounted solar generation
- 60 kW / 240 kWh battery energy storage system
- NextNRG's proprietary Microgrid Controller for real-time monitoring and optimization
- Six Level 2 electric vehicle (EV) charging stations
- Roof improvements across four campus buildings
- Expected to generate more than 500,000 kWh of electricity during its first year of operation and approximately 11.8 million kWh over the initial 25-year term
- Installation by Go Solar Power LLC, a Florida-licensed contractor for solar, battery storage and EV charging, and AGT Roofing
The EV charging infrastructure will be owned and operated by NextCharging, NextNRG's wholly owned EV charging subsidiary. NextCharging will serve as the exclusive charge point operator for the site, with net charging revenue shared equally between NextCharging and Taft Medical, creating an additional recurring revenue opportunity while expanding the range of services available through the energy system.
The contract represents approximately
"Our priority has always been providing the best possible care for our patients, and that starts with the infrastructure supporting our facilities," said Dr. Moises Issa, Owner, Taft Medical Complex. "Upgrading our energy infrastructure is a direct investment in the long-term quality of our facilities and the care we deliver. We're excited to work with NextNRG on a project that brings energy resilience to a campus that our community depends on."
Construction is expected to begin following final engineering, permitting, financing approval and utility approval.
About NextNRG, Inc.
NextNRG, Inc. (NextNRG) is Powering What’s Next by deploying its AI-driven Smart Controller, a proprietary AI technology that continuously optimizes how energy is generated, stored, and consumed. The Company deploys the controller within microgrids at commercial, healthcare, municipal, industrial and federal sites, and at a utility scale through the Next Utility Operating System®.
NextNRG also sells EV chargers, is advancing wireless in-motion charging, and operates one of the nation’s largest on-demand mobile fueling fleets.
To learn 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
Media Contact
HCM for NextNRG
nextnrg@hannahcranstonmedia.com
