NextNRG, Inc.

Company focus

NextNRG integrates artificial intelligence and machine learning into renewable energy, next-generation energy infrastructure, battery storage, wireless EV charging, and on-demand mobile fuel delivery to create an integrated energy ecosystem. The company’s core offering is an AI/ML-driven utility operating system and NextNRG smart microgrids that combine solar, storage, and intelligent energy management to improve efficiency, reduce costs, and bolster grid resilience.

Key business lines and products

• AI/ML Smart Microgrids

  • Platforms to manage solar + storage + grid interaction for commercial properties, schools, hospitals, nursing homes, parking facilities, rural/tribal lands, recreational facilities, and government properties.
  • Revenue model includes power purchase agreements (PPAs) with off-takers and SaaS licensing to utilities, microgrid operators, and renewable energy developers.
  • Core components:
    • Smart Microgrid Controller: orchestrates energy resources in real time; supports grid-connected and island mode; grid-forming inverter with black-start capability.
    • RenCast Predictor: renewable generation forecasting with up to ~93% accuracy for 5 minutes to 7 days.
    • Battery State of Charge (SoC) Management: multi-step forecasting of battery SOC.
    • PEACE Controller: mobile renewable power source for emergencies and grid outages.
    • HOPES Controller: VPP capability for grid-wide renewable hosting with predictive and prescriptive models.

• Wireless EV Charging

  • Patented wireless power transfer (WPT) solutions, including static and dynamic charging and vehicle-to-grid (V2G) capability.
  • Primary patent: wireless charging bumper with automatic payment and vehicle detection/verification for seamless charging.
  • NextNRG holds exclusive, worldwide licenses from Florida International University (FIU) covering WPT technology.
  • Prototypes/testbed with FIU testing at 25 kW lab scale; planned expansion to 1 MW+.
  • Vision includes integration with NextNRG Smart Microgrids to enable grid-supportive charging and V2G, with potential for highway dynamic charging over the long term.

• Mobile Fuel Delivery (EzFill-style)

  • On-demand and subscription-based mobile fueling delivered by a fleet of trucks.
  • Services consumers at home/work, commercial fleets, and specialty markets (marinas, construction sites, agricultural operations, events).
  • App-based platform (EzFill app) for sign-up, location pin, scheduling, and transactions; supports over-the-air scheduling, push notifications, and transaction history.
  • Competitive differentiators: convenience, reduced fleet downtime, reduced driver-fuel fraud risk, enhanced safety, touchless experience, and centralized fleet optimization via software.

• Hardware, software, and licensing revenue

  • Sale of hardware (solar panels, battery storage, wireless charging components, charging bumpers).
  • SaaS and licensing for energy management software to utilities, microgrid developers, and renewable energy generators.
  • Hardware licensing to third parties to use NextNRG intellectual property.

Market and deployment footprint

• Target deployments across commercial properties, healthcare facilities, schools, tribal lands, government facilities, and large parking/retail settings.
• Two confirmed NextNRG Smart Microgrid deployments planned for California healthcare facilities.
• Tribal land deployment planned in Louisiana to address high outage rates in tribal communities.
• Approximately $750 million in planned smart microgrid deployments referenced.
• Active collaboration with Florida International University (FIU) on WPT and microgrid technologies (exclusive FIU licenses).

Revenue model

• PPAs, net metering credits, solar renewable energy credits (SRECs), and performance-based incentives for solar/storage projects.
• Energy sales from wireless EV charging sites.
• SaaS agreements for energy management software with utilities, microgrid operators, and renewable energy developers.
• Hardware licensing and direct sales of solar, battery storage, and charging components.
• Potential customers include property owners, electrical distributors, government entities, OEMs, tribal lands, car manufacturers, EV charging firms, utilities, and fleet operators.

Intellectual property

• Exclusive FIU licenses to seven patents covering AI/ML smart microgrid and VPP technologies.
• WPT patents:
  • US 10637294 — bidirectional wireless power transfer
  • US 9919610 — advancements in inductive power transfer
  • US 9731614 — EV charging station for static/dynamic charging
• Smart microgrid patents:
  • US 10326280 — Smart Microgrid Controller
  • US 10969436 — Battery SOC Forecasting
  • US 10958211 — PEACE Controller
  • US 11022720 — RenCast Predictor
• Additional FIU licenses cover related microgrid technology components.
• Multiple trademarks filed (e.g., NextCharging, NextNRG, NextCharge) and ownership of several domain names.

Corporate history and structure

• Formerly EzFill Holdings, Inc.; renamed NextNRG, Inc. on February 13, 2025.
• Consolidation of Next Charging and STAT-EI assets; reorganized into NextNRG Holding Corp. (Nevada).
• Stock ticker changed to NXXT on the Nasdaq Capital Market as of February 13, 2025.
• Major shareholder/family control: Michael D. Farkas, CEO, controls about 48.7% of common stock (as of April 15, 2026); officers and directors collectively hold about 48.95%.
• Multiple financing rounds and equity transactions completed in early 2025–2026, including public and private placements, debt-for-equity exchanges, and other financing activities.

Operations and people

• Approximately 177 full-time employees as of April 15, 2026.
• Mobile fueling fleet: 145 trucks in operation.
• Office footprint includes multiple Florida locations (Aventura, Miami Beach, Hialeah) and truck parking arrangements; collaboration with Palmdale Oil sites for truck access.

Financial snapshot

• The company has not achieved profitability and has incurred net losses since inception.
• The company states current liquidity is insufficient to sustain operations beyond April 30, 2026 without additional capital.
• 2025 public offering: closed February 18, 2025, issuing 5,000,000 shares at $3.00 per share for gross proceeds of $15,000,000.
• Multiple financing transactions in 2025–2026 (promissory notes, debt-for-equity exchanges, at-the-market program activity, and stock purchase agreements) to fund operations and growth.
• Nasdaq compliance: not in compliance with the $1.00 minimum bid price as of March 16, 2026; the company has a 180-day window to regain compliance with potential extension. Listing remains in place with the risk of delisting if compliance is not restored.
• The company is a "controlled company" under Nasdaq rules due to substantial ownership by a single holder, which provides potential exemptions from certain governance requirements.

Risks and strategic considerations

• The business faces regulatory, commodity price, and capital-raise risks.
• The company emphasizes interconnection, safety, and environmental compliance for its energy and fuel operations.
• Strategy includes using government incentives and Inflation Reduction Act-related credits, while acknowledging that regulatory changes could affect demand for EV charging and renewable deployment.

Consolidated view

NextNRG positions itself as an integrated provider of AI-driven microgrid solutions, wireless EV charging hardware and services, and mobile fueling operations. Revenue sources include PPAs, SaaS, licensing, and hardware sales. The company is actively deploying and planning microgrid projects, expanding its mobile fueling footprint, and pursuing strategic financings to support growth, while managing ongoing profitability and liquidity challenges.