NextNRG Inc. Secures 28-Year Microgrid Deal with California Care Center
NextNRG Inc. (NASDAQ: NXXT) shares climbed 3.56% to $1.75 following the announcement of a 28-year Power Purchase Agreement with Topanga Terrace Rehabilitation & Subacute Care Center in California. The deal, expected to generate $3.85 million in revenue, underscores the company's push into healthcare microgrids.
The comprehensive energy solution combines solar panels, lithium-ion batteries, and natural gas backup—a model designed to provide reliable power without upfront costs for the care facility. NextNRG retains ownership of the system while benefiting from a 2% annual rate escalator.
Despite reporting sharp revenue growth projections for 2025, analysts note the company's financial health remains weak. The long-term contract signals strategic expansion in a sector increasingly prioritizing energy resilience.
