Nextnrg, Inc. (NASDAQ: NXXT)

NextNRG, Inc. is a technology driven company that focuses on renewable energy services, mobile fueling services and next generation energy infrastructure. The company integrates artificial intelligence and machine learning into smart microgrids, wireless electric vehicle charging systems and on demand fuel delivery to create an integrated energy ecosystem. Its core offering is a utility operating system that uses AI/ML to optimize energy management for existing utilities and to deploy smart microgrids that combine solar power, battery storage and AI driven controls to improve efficiency, lower costs and enhance grid resiliency.

NextNRG generates revenue from multiple streams. It sells electricity produced by its solar plus storage microgrids through power purchase agreements with commercial, institutional and government customers. It offers its smart microgrid technology as a software as a service to utilities and other energy providers. It derives income from the deployment and licensing of its wireless electric vehicle charging solutions, including hardware sales and service fees. Additionally the company provides on demand fuel delivery services to consumers, commercial fleets and specialty markets such as marine and recreational vehicles, charging a delivery fee or subscription for each fuel drop.

The company operates through the following segments.

• Smart Microgrid: This segment designs, builds and operates AI/ML powered solar plus battery storage microgrids for commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities and government properties, and it also offers the technology as a software as a service to utilities and other energy producers.

• Wireless EV Charging: This segment develops and deploys patented wireless charging pads and bumper systems that enable stationary and dynamic charging of electric vehicles without cables, providing convenience, safety and potential vehicle to grid services.

• Mobile Fueling: This segment provides on demand fuel delivery services through a fleet of trucks and a mobile app to individual consumers, commercial fleets and specialty markets such as marine, construction and recreational vehicle operators.

NextNRG positions itself as an innovator at the intersection of artificial intelligence and renewable energy infrastructure. The company differentiates itself through a portfolio of AI/ML patented technologies licensed from Florida International University that enable real time optimization, predictive analytics and autonomous operation of microgrids and wireless charging systems. While numerous firms operate in the smart microgrid, solar and EV charging spaces, NextNRG claims a competitive edge by combining hardware, software and service offerings under a single platform and by targeting underserved markets such as tribal lands and commercial properties seeking resilience and cost savings.

NextNRG serves a diverse set of customers across its business lines. Specific customers named in the filing include Sunnyside Nursing and Post-Acute Care Center and Topanga Nursing and Post-Acute Care Center which have entered long term power purchase agreements for on site solar plus storage microgrids. More broadly the company sells electricity and services to commercial and industrial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities and government entities. Its wireless EV charging solutions are aimed at property owners, parking facility operators, municipalities and charge point operators. The mobile fueling division serves individual consumers, commercial fleets such as a leading national delivery company and a leading national grocer, specialty markets including boat owners at marinas and construction or recreational vehicle operators.