NextNRG Signs 28-Year Microgrid Power Purchase Agreement with Topanga Terrace, Further Advancing Its Expansion into Healthcare Energy Infrastructure

Rhea-AI Summary

NextNRG (NASDAQ: NXXT) executed a 28-year microgrid Power Purchase Agreement with Topanga Terrace Rehabilitation & Subacute Care Center in Canoga Park, California, announced Dec. 11, 2025.

The PPA includes 2% annual rate escalators, no upfront capital cost for the facility, and is projected to generate approximately $3.85 million in gross revenue over the contract term. NextNRG will design, build, own, and operate a rooftop solar array (350–380 kW), a ~250 kW / 1,000 kWh battery system, and integrate the facility's natural gas backup generator, with annual output ~470,000–480,000 kWh.

Positive

• 28-year contracted term providing long-term revenue visibility
• 2% annual rate escalators for predictable pricing growth
• Project expected to generate approximately $3.85 million gross revenue
• Integrated asset ownership model with no facility upfront capex
• Annual energy output ~470,000–480,000 kWh in early years

Negative

• Gross revenue of $3.85 million over 28 years is modest in absolute terms
• Backup generation relies on the facility's existing natural gas generator

Key Figures

Topanga PPA gross revenue $3.85 million Expected gross revenue over 28-year contract term

PPA rate escalators 2% annually Annual rate increases embedded in Topanga PPA

PPA term length 28 years Duration of Topanga microgrid power purchase agreement

Nursing homes count more than 15,000 Long-term care, post-acute, assisted-living sector in U.S.

Assisted-living communities roughly 32,000 Facilities needing reliable electricity for resident safety

Solar capacity range 350–380 kW Rooftop solar planned for Topanga microgrid

Battery energy storage 250 kW / 1,000 kWh Lithium-ion system size for Topanga project

Annual energy output 470,000–480,000 kWh Expected annual energy in early operating years

Market Reality Check

$1.47 Last Close

Volume Volume 4,333,821 is 1.76x the 20-day average, indicating elevated trading activity ahead of this PPA news. high

Technical Shares at $1.69 are trading below the $2.28 200-day MA and about 52.92% under the 52-week high.

Peers on Argus

NXXT gained 23.36% while peers were mixed: NRGV +6.88%, WAVE +2.04%, ELLO -1.78%, VGAS -0.73%, SUUN flat. The move appears stock-specific rather than a broad sector rotation.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 09	Revenue update	Positive	+16.1%	Preliminary November revenue up 271% YoY to $7.51M.
Dec 08	Policy/program news	Positive	-7.1%	DOE program seen as validating technology and financing pathways.
Dec 02	EV infra partnership	Positive	+3.4%	FIU partnership for large wireless EV charging network deployment.
Nov 20	Microgrid PPA	Positive	-12.0%	28-year Sunnyside microgrid PPA with ~$5.0M gross revenue.
Nov 17	Earnings release	Positive	-32.1%	Q3 revenue up 232% YoY but with sizable net and operating losses.

Pattern Detected

Recent positive operational and growth news has produced mixed to negative price reactions, but the latest revenue update and today’s PPA headline both coincided with strong gains.

Recent Company History

Over the past month, NextNRG reported Q3 2025 revenue of $22.9M (up 232% YoY) alongside continued net losses and going-concern risks. It then secured a 28-year Sunnyside microgrid PPA expected to generate $5.0M in gross revenue and announced a large wireless EV charging project with FIU. Most recently, preliminary November revenue of $7.51M (up 271% YoY) supported a 16.1% price gain. Today’s Topanga PPA adds to that long-term contracted microgrid portfolio.

Market Pulse Summary

This announcement adds a second long-duration healthcare microgrid PPA, with the Topanga contract expected to generate $3.85 million in gross revenue over 28 years. It reinforces NextNRG’s push into asset-backed, contracted cash flows in a large healthcare resilience market. In light of recent filings noting significant losses, tight liquidity, and ongoing financings, investors may watch execution on these projects, financing terms, and overall profitability progression.

Key Terms

power purchase agreement financial

"announced it has executed a 28-year Power Purchase Agreement (PPA) with Topanga"

A power purchase agreement (PPA) is a long-term contract in which a buyer agrees to purchase electricity from a generator at an agreed price and schedule, similar to a multi-year subscription for power or a long-term lease of an energy source. Investors care because PPAs provide predictable revenue and cash flow for the generator, reduce market-price exposure, and shift credit and performance risk to the buyer, all of which affect valuation, financing and perceived investment stability.

microgrid technical

"This marks the company’s second executed microgrid PPA, following the recently"

A microgrid is a small, local electricity system that combines power sources (like solar panels, small generators) and storage (batteries) with controls so it can run either connected to the main utility grid or on its own during outages. For investors, microgrids matter because they reduce outage risk, can lower energy costs, enable new revenue streams (selling excess power or grid services), and reflect growing demand for resilient, decentralized energy infrastructure.

battery energy storage technical

"combines rooftop solar, battery energy storage, and gas-powered backup generation"

A system that stores electrical energy in rechargeable batteries so power can be used later, like a large-scale rechargeable power bank for homes, businesses, or the electricity grid. It matters to investors because it helps smooth out supply and demand, lets operators sell power when prices are higher, backs up critical services during outages, and supports more renewable generation — all of which can create new revenue streams and reduce operational risk.

lithium-ion technical

"Battery Energy Storage: ~250 kW / 1,000 kWh lithium-ion system"

A type of rechargeable battery chemistry that stores and releases energy by moving lithium ions between two electrodes; think of it as a lightweight, refillable fuel tank for electronics and vehicles. It matters to investors because lithium‑ion batteries are central to smartphones, electric vehicles and grid storage, driving demand for raw materials, manufacturers and related supply chains, and influencing costs, growth prospects and regulatory attention.

kwh technical

"Annual Energy Output: Approximately 470,000–480,000 kWh in early operating years"

A kWh (kilowatt-hour) is a measure of energy equal to running a 1,000-watt appliance for one hour; think of it like a gallon of gasoline but for electricity. Investors care because electricity prices and contracts are quoted in kWh, so it directly affects operating costs, utility revenues, project economics for power plants and batteries, and the value of efficiency or renewable energy investments.

AI-generated analysis. Not financial advice.

Agreement follows Sunnyside PPA announcement and further strengthens NextNRG’s pipeline of long-term, asset-backed contracted revenue

Miami, FL, Dec. 11, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (NASDAQ: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered, today announced it has executed a 28-year Power Purchase Agreement (PPA) with Topanga Terrace Rehabilitation & Subacute Care Center, an assisted living and rehabilitation facility in Canoga Park, California. This marks the company’s second executed microgrid PPA, following the recently announced Sunnyside agreement, further strengthening NextNRG's pipeline of long-term, asset-backed contracted revenue. The agreement includes 2% annual rate escalators, providing strong visibility into future earnings.

Under the PPA, NextNRG will design, build, own, and operate a fully integrated on-site microgrid that combines rooftop solar, battery energy storage, and gas-powered backup generation, ensuring reliable, cost-controlled power for essential care operations. Based on the project’s financial model, the Topanga PPA is expected to generate approximately $3.85 million in gross revenue over the contract term.

“This agreement, coming directly on the heels of our Sunnyside announcement, is a powerful indicator of the momentum building around our healthcare microgrid strategy,” said Michael D. Farkas, Executive Chairman and CEO of NextNRG. “Topanga Terrace cannot risk power disruptions, and this system will give them resilient, cost-controlled power for decades. For NextNRG, it further strengthens our long-term contracted revenue base and demonstrates the scalability of our model.”

“Our goal is to become the go-to energy partner for healthcare facilities that require uninterrupted power,” added Farkas. "With multiple executed PPAs now in place, we are proving our ability to build, own, and operate the type of critical infrastructure this market urgently needs.”

The agreement positions NextNRG within the long-term care, post-acute, and assisted-living sector, where more than 15,000 nursing homes and roughly 32,000 assisted-living communities nationwide depend on consistent electricity for clinical operations and resident safety. This sector represents a multi-billion-dollar opportunity for resilient on-site power solutions, with significant growth expected over the coming decade as facilities modernize their infrastructure.

That expansion is being accelerated by tightening regulatory standards across multiple states, which now require long-term care facilities to maintain up to 96 hours of backup power to keep essential systems such as HVAC operational during outages. These market dynamics are creating immediate demand for dependable, multi-source microgrid solutions, an area where NextNRG is well positioned to deliver at scale.

For healthcare facilities, NextNRG's PPA model eliminates the need to fund high capital expenditures to build resiliency infrastructure. Facilities receive predictable, stable long-term energy pricing along with full system redundancy—solar, battery storage, and gas-powered backup generation—supporting their regulatory compliance and service requirements. The projects also demonstrate NextNRG's technological leadership through its Utility Operating System (UOS) and SmartGrid AI platform, which intelligently coordinate solar generation, battery storage, grid power, and backup generators. Successfully delivering mission-critical systems like these strengthens the company's credibility as a comprehensive energy provider for regulated, power-sensitive institutions.

“These contracts show the market exactly what NextNRG can deliver,” said James Scrivener, Microgrid Deployment Manager at NextNRG. “We expect them to accelerate conversations with other healthcare operators and expand our presence in California and other key states.”

Project Overview

In accordance with the executed PPA, the Topanga microgrid will include:

• Rooftop Solar: Approximately 350–380 kW
• Battery Energy Storage: ~250 kW / 1,000 kWh lithium-ion system
• Backup Generation: Integration with the facility’s existing natural gas generator for full redundancy
• Intelligent Controls: NextNRG’s UOS and SmartGrid AI platform for optimized dispatch of solar, storage, grid imports, and generator resources
• Infrastructure Upgrades: HCAI-compliant engineering, electrical interconnection upgrades, and safety systems
• Annual Energy Output: Approximately 470,000–480,000 kWh in early operating years

NextNRG will own, operate, and maintain the system for the duration of the 28-year agreement. As with other NextNRG microgrid projects, Topanga will not incur any upfront capital expenditure; the project utilizes third-party financing while the company retains full asset ownership. This agreement marks another step in building a resilient, asset-backed energy portfolio that positions NextNRG for sustained growth in the years ahead.

About NextNRG, Inc.

NextNRG Inc. (NextNRG) is Powering What's Next by integrating artificial intelligence (AI) and machine learning (ML) into utility infrastructure, battery storage, wireless EV in-motion charging, renewable energy and mobile fuel delivery, to create a unified platform for modern energy management.

At the core of its strategy is the Next Utility Operating System®, which uses AI to optimize both new and existing infrastructure across microgrids, utilities, and fleet operations. NextNRG's smart microgrids serve commercial, healthcare, educational, tribal, and government sites delivering cost savings, reliability, and decarbonization. The company also operates one of the nation's largest on-demand fueling fleets and is advancing wireless charging to support fleet electrification.

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

FAQ

What are the key terms of NextNRG's Topanga Terrace PPA (NXXT)?

A 28-year PPA with 2% annual escalators, estimated $3.85M gross revenue over the term, and no upfront capital cost to the facility.

What microgrid equipment will NextNRG install at Topanga Terrace (NXXT)?

A rooftop solar array (~350–380 kW), a battery system (~250 kW / 1,000 kWh), and integration with the facility's natural gas backup generator.

How much energy will the Topanga Terrace microgrid produce annually under the NXXT PPA?

The project is expected to deliver approximately 470,000–480,000 kWh per year in early operating years.

Will Topanga Terrace pay upfront capital costs under the NextNRG (NXXT) agreement?

No. The facility incurs no upfront capital expenditure; the project uses third-party financing while NextNRG retains asset ownership.

How does the Topanga PPA affect NextNRG's healthcare microgrid pipeline (NXXT)?

It is the company's second executed microgrid PPA, further strengthening long-term, asset-backed contracted revenue in the healthcare sector.

When was the Topanga Terrace PPA announced and which stock trades this news?

The agreement was announced on December 11, 2025 and concerns NextNRG, which trades as NXXT on NASDAQ.