NextNRG
NasdaqCM:NXXT
$
0,42
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$0,00 (0,00%)
0,42
$
$0,00 (0,00%)
End-of-day quote: 03/27/2026
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NextNRG Company Info
EPS Growth 5Y
-5,23%
Market Cap
$0,06 B
Long-Term Debt
$0,00 B
Short Interest
2,99%
Quarterly earnings
04/06/2026
Dividend
$0,00
Dividend Yield
0,00%
Founded
2016
Industry
Country
ISIN Number
Website
Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.
$5,00
1090.48%
Last Update: 03/28/2026
Analysts: 1
Highest Price Target $5,00
Average Price Target $5,00
Lowest Price Target $5,00
In the last five quarters, NextNRG’s Price Target has risen from $6,00 to $6,00 - a 0,00% increase. One analysts predict that NextNRG’s share price will increase in the coming year, reaching $5,00. This would represent an increase of 1090,48%.
Top growth stocks in the energy sector (5Y.)
What does NextNRG do?
NextNRG, Inc. (NextNRG) operates an on-demand mobile gas delivery service, as well as beginning to provide services as a renewable energy company focused on developing and deploying wireless electric vehicle charging technology integrated with battery storage and solar energy solutions.
NextNRG is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV...
NextNRG, Inc. (NextNRG) operates an on-demand mobile gas delivery service, as well as beginning to provide services as a renewable energy company focused on developing and deploying wireless electric vehicle charging technology integrated with battery storage and solar energy solutions.
NextNRG is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem.
At the core of NextNRG’s strategy is its utility operating system, which leverages AI and ML to help make existing utilities’ energy management as efficient as possible, and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities and government properties, expanding energy accessibility.
NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV, supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.
NextNRG’s technology is designed to mitigate risk of utilizing renewable energy, while maximizing energy output efficiencies. NextNRG believes that its smart microgrid technology will serve as an effective platform for integrating distributed energy resources (‘DERs’) and achieving optimal performance in reduced costs and emissions while bolstering the resilience of a city, a building, or rural communities’ electrification systems.
Utility Scale Smart Microgrid
Additionally, NextNRG plans to offer its proprietary AI/ML powered smart microgrid technology to utilities and other energy producers/distributors through SaaS agreements. These customers will benefit from the Smart Microgrid technologies’ ability to: provide real time data processing to improve overall efficiency and cost structure; continuously optimize the system based on operational data; learn optimal scheduling and dispatch of energy generation and storage; predict changes in renewable energy source output and demand; integrate renewable energy while maintaining reliability; autonomously identify and addresses technical issues; and enhance resilience and lower electricity costs.
NextNRG Smart Microgrid
Through strategic deployments it should be able to build and operate solar energy systems coupled with its smart microgrid technology (‘NextNRG Smart Microgrids’), on commercial properties, schools, hospitals, nursing homes, parking garages, large rural tracts of land, recreational facilities, tribal land, and federal, state, county, and municipal properties. The NextNRG Smart Microgrids will help customers gain access to electricity where not otherwise available, reduce electricity bills, progress towards decarbonization targets and support resource management needs throughout their asset lifecycles. NextNRG Smart Microgrid’s revenue generation will primarily come from power purchase agreements (PPAs) with the diverse range of aforementioned offtakers.
Wireless EV Charging
Finally, in appropriate client locations, NextNRG anticipates deploying its wireless EV charging technology, once that product is ready for deployment. NextNRG’s wireless charging technology solves problems, such as:
The lack of charging infrastructure: Even when home-charging is taken into account, to properly match forecasted sales demand, the United States will need to see the number of EV chargers quadruple between 2022 and 2025, and grow more than eight-fold by 2030, according to S&P Global Mobility forecasts.
Range Anxiety. A fully charged vehicle can provide between 200-400 miles which causes worry, especially for long drives. With dynamic wireless EV charging, cars can charge on the road and maintain optimal charge levels.
Ease of Use. Plugging-in can be easily forgotten. The company’s planned system will automatically connect the vehicle and account to the charger, streamlining the charging process and making it incredibly user-friendly.
Safety. Tripping over a cable can not only cause physical injury but also damage the device and disrupt the charging process. To prevent this the company plans that its patented technology can deliver a secure connection between the vehicle and charging station, providing peace of mind during the charging process.
Theft/Vandalism of cables. The theft of copper from power lines can cause power outages and electrical fires, and with the company’s innovative design your EV charging experience can be worry-free from theft and vandalism.
Weather. No longer need to get out of your vehicle and face uncomfortable weather conditions to charge your car.
NextNRG’s prospective solutions are supported by seven patented technologies developed by Florida International University, exclusive licenses to which NextNRG acquired through the purchase of Stat-EI Inc. These technologies were tested on the largest smart grid dataset in the world. The patents target the support of two different renewable energy industry sectors - smart microgrids/Virtual power plants (‘VPP’), and wireless power transfer (‘WPT’) technology, created to wirelessly charge EVs. The licenses purchased from SEI are exclusive and worldwide.
AI/ML based smart Microgrids, which operate as smaller versions of the main power grid, provide a resilient and flexible approach to energy management and distribution. With the proper technology, microgrids can operate autonomously during grid failures and seamlessly integrate renewable energy sources, making them indispensable in energy landscape. NextNRG is at the forefront of this revolution, offering cutting-edge AI/ML based smart microgrid technology that enhances grid resiliency and optimizes energy use. These systems are designed to meet the challenges of fluctuating energy demands and supply, ensuring consistent and efficient power delivery across various sectors.
The Core Components of NextNRG’s technology:
Microgrid Controller - The Microgrid Controller is the brain of the smart microgrid, using AI/ML it seamlessly manages and integrates various energy resources. It ensures optimal performance by coordinating energy generation, storage, and distribution in real-time.
Predictive Analytics (RenCast) - RenCast uses advanced AI and machine learning algorithms to predict renewable energy generation with high accuracy. By analyzing weather patterns and energy usage data, it enables efficient energy management and maximizes the use of renewable resources.
Battery State of Charge (SoC) Management - SoC Management uses AI/ML to ensure that battery systems within the microgrid maintain optimal charge levels, extending battery life and guaranteeing energy availability during peak demand or power outages. It plays a critical role in the grid’s reliability and sustainability.
PEACE Controller - The PEACE Controller provides a mobile source of renewable power during emergencies and grid outages using AI/ML. It ensures continuous power supply to critical applications by integrating PV systems, energy storage, and the main grid, enhancing overall energy security and resiliency.
HOPES Controller - The HOPES Controller facilitates the integration and management of renewable energy sources across the grid, enabling virtual power plant applications. Using AI/ML it improves grid resiliency by allowing for dynamic energy transfer and wide-area aggregation of renewable energy.
Next Owned Smart Microgrid
Through strategic deployments it should be able to build and operate solar energy systems coupled with its AI/ML based smart microgrid technology (‘NextNRG Smart Microgrids’), on commercial properties, schools, hospitals, nursing homes, parking garages, large rural tracts of land, recreational facilities, tribal land, and federal, state, county, and municipal properties. The NextNRG Smart Microgrids will help customers gain access to electricity where not otherwise available, reduce electricity bills, progress towards decarbonization targets and support resource management needs throughout their asset lifecycles. NextNRG expects its primary product offering will be entering into leases or easements with building or landowners and power purchase agreements to sell the power generated by the solar energy system to those landowners, or various commercial, utility, municipal and community solar off-takers. Additionally, NextNRG plans to offer its proprietary AI/ML powered smart microgrid technology to utilities and other energy producers/distributors through SaaS agreements.
NextNRG is the owner of exclusive licenses to four patented technologies which cover the development and commercialization of AI/ML based smart microgrids and virtual power plants (‘VPP’). The algorithms used to secure the patents were developed with the support and research of Federal agencies and have been tested and proven on the infrastructure of the largest renewable energy company in the world. Certain of the above technologies are deployed by a large utility for approximately six million of its customers. The combined technologies are referred to as the NextNRG Smart Microgrid and potential products based on these technologies are explained in more detail below.
Smart Microgrid Controller (US Patent No. 10326280)
The Microgrid Controller is a pivotal component within the smart microgrid ecosystem, serving as the orchestrator of energy resources. It efficiently manages the integration and coordination of various power sources, including solar panels, and battery storage systems. By continuously monitoring energy production and consumption, the controller ensures optimal performance and reliability of the microgrid. It dynamically balances supply and demand, adjusting energy flows in real-time to maintain stability and prevent outages. This intelligent management enables seamless transitions between grid-connected and island modes, ensuring uninterrupted power supply during grid failures.
The Smart Microgrid Controller uniquely addresses customer needs to optimize renewable energy use. As smaller versions of main energy grids, microgrids can operate in grid-connected and ‘island’ mode as needed. For example, when severe weather affects the energy grid, a microgrid can operate autonomously using its local energy sources to power buildings or facilities. It connects and disconnects from the grid through a grid-forming inverter, which performs black-starts to independently restart the grid. Using the Smart Microgrid Controller ensures that the customer is always using its best and most reliable source of energy.
The RenCast Predictor (US Patent No. 11022720)
RenCast is an AI/ML based tool designed to enhance the efficiency and reliability of renewable energy generation within the smart microgrid. By leveraging cutting-edge artificial intelligence and machine learning algorithms, RenCast accurately forecasts the amount of energy that will be produced from renewable sources such as solar and wind. This predictive capability allows the microgrid to forecast and manage energy supply effectively, ensuring that energy storage and distribution are optimized. By analyzing real-time data from weather stations, historical energy usage, and sensor inputs, RenCast minimizes uncertainties and maximizes the utilization of renewable energy.
The RenCast Predictor’s renewable energy generation forecast includes a 5-minute, 15-minute, 1-hour, or 7-day prediction with up to 93% accuracy. The system includes weather sensors and imaging cameras. Weather parameters include wind speed, wind direction, ambient temperature, precipitation, atmosphere turbidity, and translucency. The forecaster receives this data from a geo-satellite feed, estimates the cloud cover, and derives the cloud shading profile. The processor receives and uses aggregation data to forecast renewable energy generation.
The RenCast Predictor uses the web service API to implement photovoltaic (‘PV’)-generation forecasts into the algorithms (e.g., economic dispatch), enabling customers to accurately plan and manage renewable energy generation.
The Battery State of Charge (‘SOC’) System (US Patent No. 10969436)
Battery storage is vital. It supports integrating and expanding renewable energy sources, such as solar power, while reducing reliance on fossil fuels. Storing excess energy generated during periods of high renewable generation (sunny or windy) helps mitigate the reliability issues associated with renewable power sources. This equipment can dramatically improve electrification in rural areas, on tribal lands, and in low-income communities in-need of clean, reliable power. Battery energy storage systems provide a versatile and scalable solution for energy storage and power management, load management, backup power, and improved power quality.
The Battery SOC provides AI/ML systems to forecast SOC of the systems’ lithium-ion batteries.
The system uses a multi-step forecasting process and experimentally obtained decreasing C-rate datasets and with ML to forecast the system batteries’ SOC. The multi-step approach combines at least one univariate technique with ML techniques to forecast first C-rate, voltage, current, and SOC percentage to the ML model and forecast the battery’s SOC using an optimizer and ML model. The parameters from a second C-rate are collected by the battery analyzer and can be stored on the machine-readable medium to train the ML model(s) before forecasting. The forecasted battery SOC can be displayed in operable communication with the processor, the machine-readable medium, and the battery analyzer. This enables the customer to always be informed on the stored energy and health of each battery in the system.
The Portable Emergency AC Energy (‘PEACE’) Controller (US Patent No. 10958211)
The Peace Controller is a smaller version of the smart microgrid that uses the same AI/ML technologies to provide a mobile source of renewable power in the case of local energy interruption. The controller’s short-term goal is to provide uninterrupted clean energy to consumers during and after natural disasters to power emergency appliances, and for daily use to reduce the energy costs. Long-term the controllers can be scaled up as medium-to-large scale power hubs to provide grid services and network resilience.
During power outages the PEACE supplier serves as a mobile power source for users with PV and/or energy storage systems. PEACE can also provide power when users do not have sufficient solar energy for their needs. The supplier includes an inverter to create seamless three-way connection between a PV cell or system, an energy storage unit, and the power grid. Additionally, PEACE includes a web application that displays the location, battery SOC, power generation, local weather systems, and charts.
The RenCast Predictor, the Smart Microgrid Controller, Battery SOC, and PEACE Controller can be combined to turn a renewable energy microgrid into a ‘smart’ system that uses AI/ML to increase the system’s efficiencies by up to 10%. Next’s smart microgrid solution aggregates accurate estimates of future energy generation and SOC and programs the Smart Microgrid Controller to optimize the energy use based on the customer’s needs.
HOPES Controller (‘VPP’)
The HOPES controller is still under development.
The HOPES controller will allow microgrids in different locations to communicate and control to facilitate VPP applications and provide a VPP concept for grid-connected renewable energy sources.
The software component will include predictive and prescriptive computation models to address and mitigate the concerns facing high-penetration scenarios into the grid. The controller allows consumers to integrate novel computational tools for state-of-the-art renewable energy generation forecasting, wide-area aggregation, optimize dynamic renewable hosting capacity, intelligently synchronize devices, and dispatch on-demand. The HOPES Controller will integrate and manage small-to-large-scale renewable energy solutions across smart grids. Additionally, it will integrate renewable energies to the grid. The HOPES controller connects individual plants to build a VPP that transfers energy between locations connected through transmission lines based on availability and demand to improve the overall system resiliency.
The HOPES Controller will be able to:
Conduct short-term forecasting of the power generated by the renewable energy power plant.
Execute a dispatch for bulk energy transfer using a hybrid energy storage module to minimize renewable energy curtailment and increase the renewable energy hosting capacity.
Predict renewable energy generation intermittencies with wide-area aggregation using a wavelet theory-based transformation model and cooperative game theoretic modeling.
Conduct predictive smart load control to effectively use renewable energy and hybrid energy modules to address critical and deferrable loads and minimize system instabilities.
Support functionalities for energy pricing and economics of the grid-connected renewable energy to ensure feasibility of intelligence and visibility of renewable energy.
Work with utility-level applications like distributed energy resource management systems and advanced distribution management systems to optimize existing renewable energy power plants.
The NextNRG Smart Microgrid is designed to maintain grid stability and enhance operational efficiency through advanced monitoring and control systems. By integrating grid forming inverters and multi-level controllers, the microgrid dynamically adjusts to fluctuations in energy demand and supply. These components work together to ensure a consistent and reliable power supply, reducing the risk of outages and improving overall energy efficiency. The system’s real-time monitoring capabilities provide utility operators with valuable insights into grid performance, enabling informed decision-making and proactive management.
The first deployment of the NextNRG Smart Microgrid is expected to be in Bryceville, Florida.
Other prospective projects will be built on tribal land in the United States. NextNRG is working on a deployment on tribal land in the State of Louisiana. The reason NextNRG is targeting tribal land is because, in 2022, the U.S. Energy Department’s Office of Indian Energy issued a report citing that nearly 17,000 tribal homes were without electricity, with most being in southwestern states and in Alaska. Assistant Secretary for Indian Affairs Mr. Bryan Newland testified before Congress that 1 in 5 homes on the Navajo Nation and more than one-third of homes on the neighboring Hopi reservation are without electricity. The company’s intention is to work with the Native American Tribes to reduce this number to zero.
NextNRG is in preliminary discussions with seven Native American Tribes to deploy 5 mWh Smart Microgrids on their properties. In total, NextNRG has nearly approx. $750 Million in planned smart microgrid deployments, all of these projects are in different phases of the project timeline. The projects vary from municipal property to Tribal land, to commercial facilities (healthcare, office space, multifamily, and amusement parks).
Other planned deployments are in underserved communities located in the City of Newton, Texas and the City of Havana Florida. NextNRG has filed grant applications with the DOE for those deployments.
NextNRG also hopes to utilize its AI/ML Smart Microgrid systems to convert shuttered coal-fired power plants into solar energy producing facilities.
NextNRG believes, that utility companies; microgrid companies; and renewable energy generation companies will all be able to capitalize on the advantages of the NextNRG smart microgrid technology and therefore NextNRG plans to offer its technology to these companies under a SaaS model.
At each location where the NextNRG Smart Microgrid is deployed, NextNRG plans to evaluate the possibility of deploying NextNRG’s wireless EV charging solutions. These solutions are explained in more detail below.
Wireless EV charging uses resonant electromagnetic induction to transmit a current, this process is also known as ‘inductive charging’ or ‘wireless power transfer’ (‘WPT’). Wireless charging utilizes a charging pad installed in the ground and a similar pad installed on the bottom of a car, when the pads align, charging automatically begins.
Wireless Charging Parking Bumper (US Patent No. 10836269B2)
NextNRG’s primary patent covers an electric vehicle charging station, designed as a bumper which ensures proper alignment between the vehicle’s battery charger and the charger pad in the charging station.
Integrated sensors detect the vehicle’s position as it parks.
A built-in radio frequency receiver identifies the vehicle through a unique code.
Once the system verifies payment with a server, an internal processor activates wireless, inductive charging.
The entire setup offers a seamless integration of sleek design, precise vehicle detection, and secure payment verification for efficient charging.
NextNRG’s parking bumper patent is the integration of a networked wireless charging bumper with a contactless payment system, and advanced communication protocols and encryption methods.
NextNRG’s parking bumper patent is the key to commercializing wireless EV charging, the automated verification and payment system is expected to be the most seamless way to start a charge.
NextNRG also holds the exclusive license for three patents in the WPT space - two for the static transfer of energy and one for the dynamic transfer of energy. The licensed WPT solutions are based on a unique analog architecture. The static solution also provides a bi-direction (grid to vehicle and vehicle to grid) power transfer which allows a charged EV to serve as a reserve generator for the home in case of power failure.
Bidirectional Wireless Power Transfer (US Patent No. 10637294B2)
This patent describes a system capable of wirelessly transferring power in both directions. This technology is designed for efficient and safe power exchange, which could be particularly useful in scenarios where power needs to be sent back to the grid during peak demand, and/or power outages.
Advancements in Inductive Power Transfer (US Patent No. 9919610B1)
This patent focuses on enhancing the capabilities of wireless power transfer systems. The improvements include increasing the efficiency of power transfer, extending the longevity of the system and broadening its applicability across various contexts.
Wireless EV Charging Station for Static and Dynamic Charging (US Patent No. 9731614B1)
This patent details a wireless charging station specifically designed for EVs. It has the capability to charge EVs both when they are stationary (static) and while they are in motion (dynamic). The dynamic charging allows for continuous charging, potentially revolutionizing the way EVs maintain battery levels.
As of December 31, 2024, NextNRG’s static and dynamic solutions had been designed and prototypes were being tested at 25 kwh of output in a laboratory environment at FIU, with plans to expand the output capacity to 1mwh and above. NextNRG expects for this static WPT solution to automate EV charging such that drivers do not need to do anything to charge. There are no cables inside or outside of the car. NextNRG’s static and dynamic solutions are not expected to be affected by rain, snow, ice, dust, or dirt. They will be a clean and safe way to charge EVs.
NextNRG expect that its static WPT systems will be bidirectional, this means that they will support connecting grid-to-vehicle (‘G2V’) and vehicle-to-grid (‘V2G’). NextNRG is unaware of any other WPT system which has V2G capabilities. For homeowners who want to deploy solar and microgrid solutions at their home, with the company’s WPT system the company expects for those homeowners to be able to utilize their car as a battery storage system. Additionally, in emergency outage situations homeowners with the company’s WPT system will be able to maintain power by using its V2G capabilities.
Additionally, through an integration with the company’s the Smart Microgrid deployments, NextNRG plans for its WPT systems to be able to integrate with the grid to help create a resilient network to handle disaster conditions. For example, during a hurricane in areas with power outages, EVs with V2G capability would be able to power hospitals, homes, and other critical infrastructure to create a reliable, longer lasting energy source.
NextNRG expects for its dynamic WPT solution to be implemented on highways and public roads so it can provide essentially unlimited range for EVs without plugging-in or stopping for recharging. These solutions will revolutionize the future of transportation systems. NextNRG is working with FIU to deploy the dynamic WPT solution as a pilot for use on their campus and demonstrate its capabilities.
NextNRG is positioning itself to be the only wireless EV charging company to able to offer a combination of: (i) wireless charging outputs from 25kwh to over 1mwh; (ii) bi-directional wireless charging; and (iii) both static and dynamic wireless EV charging.
Revenue Sources
Sale of Electricity
Solar Electricity
NextNRG plans to derive its operating revenues principally from power purchase agreements, net metering credit agreements, solar renewable energy credits, and performance-based incentives. A portion of NextNRG’s power sales revenues is expected to be earned through the sale of energy (based on kilowatt hours) pursuant to the terms of Power Purchase Agreements (PPAs). NextNRG’s PPAs will typically have fixed or floating rates and are expected to be generally invoiced monthly.
Wireless EV Charging
NextNRG will sell energy to its wireless EV charging customers.
NextNRG plans to sell its innovative solutions to property owners, parking facilities, municipalities, and government agencies, as well as charge point operators (CPOs), empowering the growth of sustainable transportation infrastructure.
NextNRG plans to generate revenue from the deployment of solar and battery storage solutions where applicable to further take advantage of the renewable energy industry. Energy pricing is based on peak/off-peak rates at any given charging location. NextNRG plans to negotiate the company’s own Power Purchase Agreements (PPA) accordingly. NextNRG is also planning to sell energy to electric vehicle owners via wireless EV charging.
SaaS & Licensing
Software as a Service Agreements
NextNRG plans to generate revenue from the sale of its energy management software under SaaS Agreements with utility companies; microgrid companies; and renewable energy generation companies. Additionally, any traditional customers which would like to own their own energy generation systems will have the option of entering a SaaS agreement to purchase rights to the technology.
Hardware Licensing
NextNRG plans to generate licensing revenues from competitors or ancillary business participants who desire to utilize or integrate NextNRG’s intellectual property, hardware, or software solutions within their proprietary product.
Sale of Hardware
NextNRG plans to generate revenues from the sale of hardware, eg. solar panels, battery storage solution equipment, wireless charging pad or bumper and vehicle receiver technology.
Potential Customers Include
Property owners, electrical supply companies, management companies, all levels of government, original equipment manufacturers, tribal land, car manufacturers, EV charging companies, wholesale electricity providers, utilities, and fleet owners.
Agreements and Collaborations
License Agreements with Florida International University
NextNRG holds exclusive licenses to a portfolio of seven patents owned by FIU. Under the licensing agreements NextNRG is obligated to pay fixed royalty payments for the licenses to FIU on an annual basis. The terms of the licenses continue for the life of the patents or until terminated by either party, pursuant to the terms of the licenses. NextNRG also has certain performance obligations pursuant to the terms of the licenses.
Agreement with Midwest
NextNRG and Midwest have entered an agreement to work together to establish a greenfield facility for the manufacturing of battery-energy-storage systems (BESS) in the United States of America. While some of the components will be sourced from India in the initial phase, localization of components and sub-systems will be made a priority of the parties. In the interim period, Midwest will supply the products and services for NextNRG’s planned deployments. The scoe of such supply includes BESS, solar panels, as well as design services. The collaboration with Midwest is expected to meet the requirements of the ‘Made in America’ and produce local products, which are key to the energy transition goals of the U.S. Further, this activity is expected to qualify for and attract public financing, earn tax credits, and cut down the overall costs of deployment of the solutions offered by NextNRG.
Intellectual Property
NextNRG is the owner of US Patent No. 10,836,269 B2 which is a patent for an inductive charging parking bumper with automatic payment processing.
NextNRG’s licenses from FIU relate to the following U.S. patents covering wireless electric vehicle charging: US Patents Numbered: 10637294; 9919610; and 9731614.
NextNRG’s licenses from FIU relate to the following U.S. patents covering smart microgrid technology: US Patents Numbered: 10326280; 10969436; 10958211; and 11022720.
NextNRG has also filed trademark applications for ‘NextCharge,’ ‘Next Charge,’ ‘Next Charging,’ ‘NextCharging,’ ‘NextNRG,’ ‘NextNRG,’ and the NextNRG logo.
NextNRG owns the domain names: NextCharging.com; NextNRG.com; NXXT.energy; and NextNRG.energy.
Regulatory
NextNRG is subject to the requirements of the federal Occupational Safety and Health Act, as amended (‘OSH Act’), and comparable state laws that protect and regulate employee health and safety. NextNRG endeavors to maintain compliance with applicable OSH Act and other comparable government regulations.
Manufacturing and Supply
NextNRG plans to purchase equipment, including solar panels, inverters, batteries, wireless charging station components from a variety of manufacturers and suppliers. Eventually, through NextNRG’s agreement with Midwest, it will be manufacturing some, if not all, of its products in-house.
Mobile Fueling
NextNRG’s Mobile Fueling solution offers on-demand and subscription-based fuel delivery services, catering to individual consumers, fleets, marine, and other specialty markets. Leveraging digital technology and GPS-based systems, this service responds to the increasing preference for home and workplace product deliveries. Particularly, the company’s fleet services are experiencing significant growth, providing a streamlined, efficient fueling option that allows commercial operators to optimize operations and reduce downtime.
NextNRG’s app-based platform conveniently brings the gas station to customers with a growing fleet of Mobile Fueling Trucks. NextNRG’s business verticals align to the high-use, high demand cases in vehicle operations. These are individual CONSUMERS, COMMERCIAL entities and SPECIALTY vehicle markets.
An EzFill Mobile Delivery Truck
For CONSUMERS, NextNRG services individual ‘consumer’ customers directly at their residences or places of work. In the consumer vertical, NextNRG customers sign-up for NextNRG services individually, or as part of an employer which offers discounted NextNRG services to their employees as an employee benefit while at work at offices, in office parks or on-job locations. Fuel deliveries are completed at optimal times during the day for ‘at work’ customers or at night for residential deliveries.
In the COMMERCIAL vertical, NextNRG provides vital fuel delivery services to commercial fleets of delivery trucks, rental cars, livery operators, and job sites. Deliveries for the commercial vertical are completed during down-times, when the majority of commercial vehicles are at designated locations. This method also allows NextNRG to complete multiple fills at once, while providing the commercial customers the benefit of a fleet of fueled vehicles ready for operations on any given morning.
In the SPECIALTY vertical, NextNRG adapts to each market based on the type of vehicles that can benefit from ‘at location’ fuel delivery. In NextNRG’s home market, Florida, their ‘specialty’ vertical services hundreds of boat owners at their homes or at marinas at which they are docked. NextNRG’s specialty market also includes equipment rental companies, construction job sites, agricultural operations, motorsports events and recreational vehicle grounds.
Mobile Fueling Product Offerings
The company provides fuel delivery via its fleet of trucks in Florida, Texas, California, Arizona, Tennessee and Michigan. The company’s intention is to service all its customers across all its lines of business at predictable locations during vehicle downtimes. The company’s fleet includes 140 trucks that the company utilizes to deliver fuel directly to its customers. The company has three major lines of business and to its knowledge the company is the only company in the space which fuels all three verticals:
Servicing Consumers At Home And At Work
The company offers residential fueling services to customers who can request a fuel delivery through the company’s app and have fuel delivered directly to their vehicle, from the comfort of their home or apartment building, while they go about their night. The company offers convenient weekly schedules to its residential customers, so they can live with the comfort of knowing that they will never be without a full tank of gas when they need it. The company offers delivery to residential customers in Miami-Dade, Broward, and Palm Beach counties. The company’s service is a great new amenity for condominiums, which has been widely used by residents of the buildings the company services and has been enhancing residents’ experience.
Through entering agreements with local and national businesses, the company works directly with businesses human resource departments to offer employee perks, and fuel employees’ cars while they are working. This is a creative benefit for employers to offer, enabling their employees to have their cars filled, stress free. Additionally, the company works directly with the landlords of corporate office parks to bring the amenity of NextNRG to their tenants. The company’s corporate employee fueling is done at competitive prices with no delivery fee. The company’s corporate office park solution offers benefits to employers and NextNRG. Benefits to employers include: (i) a new perk to offer their employees; and (ii) happier employees who do not have to waste precious time going to the gas station. Benefits to NextNRG include: (i) multiple deliveries at one location creates efficiencies and cuts operating costs; (ii) the employers serve as ‘influencers’ which reduces the company’s marketing costs for each location; and (iii) push-marketing by the employers also results in more residential consumer fills.
Servicing Commercial Entities
The company partners with and offers national and local businesses who operate fleets an alternative solution for fueling their fleet to reduce the businesses operational costs and improve fleet efficiency. The company’s solution for fleets helps businesses: (i) save money spent on expensive gas stations; (ii) save money on paying employees to go to gas stations; (iii) eliminate unnecessary wear and tear to Company fleet vehicles on trips to the gas station; (iv) better monitor their fuel consumption; (v) eliminate employee mistakes (putting regular gas into a diesel engine); and (vi) prevent theft by employees (customers have reported instances where it was months before they realized their employee was making unauthorized charges on their fleet card).
Servicing Specialty Markets
NextNRG delivers fuel directly to other, market-specific personal and commercial vehicles and tanks. In the company’s home market, the prevalence of boats and boat owners was the first specialty market the company developed, particular to the south Florida area which is the base of the company’s services. Marina fuel stations are some of the highest priced in the country. The company offers low prices and pre-scheduling so its marine customers can get affordable fuel whenever they need it. The same is true for the markets which the company has targeted to enter. In these markets the company finds similar, market-specific vehicles which the company’s future customers use for; construction or agricultural purposes, personal or recreational vehicle use, or sporting events where a large concentration of vehicles can be serviced at specific locations.
Customers
In addition to the company’s individual, residential customers, the company has structured relationships with property management companies and builders who co-market the company’s services as a benefit to their residents and allow the company’s trucks to enter their communities to fill vehicle owners at their single family homes, condominiums or apartments.
The company’s commercial vertical has serviced the fleets for many national and local businesses, such as a leading national delivery company, a leading national grocer, a leading OEM, as well as a leading equipment rental company.
In the company’s specialty market vertical, the company services hundreds of boats at various marinas across Miami-Dade and Broward Counties, as well as boats at customers’ homes. The company is a preferred delivery partner for a mobile application with thousands of boat-owner users. The company has recently begun developing this line of business and it is growing, mostly through existing customer outreach and strategic partnerships with marinas.
Software Systems, IT, User Interface and Experience
The company’s software systems provide the company with logistical and cost saving efficiencies that allow the company to forecast the need for truckloads of fuel to effectively service clusters of customers in a specific area or zip code. At the front end of the company’s system, the company employs an app-based approach that provides all its customers with an easy-to-engage user interface and ordering system. Customers are able to select the times and locations of their on-demand or routinely scheduled fills and manage their account on their mobile device or desktop system.
In the back end of the company’s system, the company aggregates customer orders based on their location and expected gallon demand for their vehicles. The aggregation of customer orders based on these variables triggers a truckload fill of one of its mobile tankers designated for each of the customer orders the company’s system generates.
The company’s software and IT systems have been developed and customized in-house to provide cost-saving efficiencies which produce higher margins than traditional, gas station fuel margins.
The company is planning to expand its software capabilities using AI and machine learning algorithms that will, among other things, automatically generate outbound ‘fill reminder’ communications to customers based on their recorded usage amounts and time intervals.
Mobile Fueling Application
The EzFill Mobile Application has been designed for iPhone and Android devices with the company’s customers and convenience in mind.
Sign Up: The EzFill App provides a quick and easy registration process.
Profile Management: The EzFill App provides easy profile management where users can seamlessly update personal information, such as: vehicle details and location, this way the company is able to provide the best services to the company’s customers.
Location Sharing: This feature enables the company’s customers to simply drop a pin at their location on an integrated map which lets the company’s driver know where to deliver the fuel.
Request Fuel Delivery: The EzFill App lets the company’s customers pick the type and quantity of fuel to be delivered in addition to the time and date of availability.
Weekly Delivery Schedule: The EzFill App also enables the company’s customers to preschedule weekly deliveries, on a specific day of the week. This feature enables the company’s customers to request their delivery for a specific time window, this ensures they can schedule their fill up at convenient times when they would be busy attending other tasks and their car is idle.
Push Notifications: The EzFill App has a push notification feature. This allows the company to keep customers informed of all the activities associated with the service they have requested. The company also uses it to keep its customers updated with recent offers and discounts, which helps to boost customer satisfaction and promotes the company’s business.
Transaction History: The EzFill App offers the company’s customers the ability to always view their transaction history. This gives the company’s customers an option to check the previous fuel delivery requests and bills.
Mobile Fueling Growth Strategy
The company’s strategy is to leverage its established business partnerships and generate organic methods of acquiring new markets. This has given the company significant brand recognition by the consumer and has enabled the company to acquire competitor territories. In doing so, the company has generated a substantial presence and footprint in the regional area in which the company operates. As the company continues to develop its business relationships and expand the company’s fleet of trucks, its intention is to open in new markets throughout the U.S.
NextNRG’s focus is on expanding its geographic footprint. The company intends to open in new markets in the future both organically and through acquisitions of existing companies in the space. The company makes its expansion decisions based off of research into optimal target markets where public transportation is less prevalent, leading to more residents owning cars and the areas where a demand for lifestyle improving technology is present. The company also considers State/City/County regulations when assessing new areas to expand into. The company is targeting high potential locations with the least regulations on mobile fuel delivery.
NextNRG has strategic partnerships with businesses across industries such as property management, parking solutions services, travel industry, delivery industry, transportation and logistics, marinas, and other diversified business sectors. By establishing these strategic business-to-business relationships, the company is able to offer business solutions, whether through human resource departments as employee perks, optimization of efficiency for fleet companies, or tenant satisfaction by adding amenities.
NextNRG believes a strategic partnership with a major oil company will help with the company’s expansion by enabling the company to lower cost and attract a larger customer base by selling branded gasoline. However, there cannot be any assurance that NextNRG will be able to obtain such a strategic partnership. The oil companies Exxon and Shell are both in the mobile fuel delivery space though investments in mobile fueling companies.
Government Regulation
The company’s industry has certain government regulations, NextNRG is dedicated to ensuring that the company is always operating in a way that is in compliance with all applicable regulations.
DOT/Hazmat Registration: The company is required to be registered with the Department of Transportation to transport and dispense hazardous materials. NextNRG as a company is registered to transport and dispense hazardous material.
Weights and Measures: In order to ensure the accuracy of the company’s fuel sales to customers, the company’s fuel meters and registers have to be calibrated and certified by the Florida Department of Agriculture. NextNRG’s fuel meters and registers have been calibrated and certified by the Department of Agriculture to be a fuel retailer.
CDL Licensing with Hazmat Endorsement: Drivers are required to have a Commercial Driver’s License with a Hazmat endorsement in order to operate the Mobile Fueling Trucks. All of the company’s drivers have their Commercial Driver’s License with the Hazmat endorsement.
Mobile Fueling Vendor Agreement, dated as of December 14, 2024
On December 14, 2024, the company and Amazon Logistics, Inc., a Delaware corporation (‘Amazon’) entered into a Mobile Fueling Vendor Agreement (the ‘Agreement’) in the respect of certain mobile fueling products and services to be provided by the company to Amazon. Such products and services will include, but not be limited to, (i) the company’s on-site fueling services for fleet vehicles for both overnight and daytime fueling services to certain vehicles identified by Amazon stored at certain Amazon delivery locations and other off-site locations designed by Amazon, and (ii) a designated account management team available to assist Amazon during normal business hours and that will respond to escalations, questions and other support needed on a timely basis.
The Agreement provides for certain service level agreements in connection with establishing a process to review the deployment plan as set forth therein on at least a monthly basis to track progress and align on any required adjustments. Further, the Agreement provides for certain representations, covenants and indemnification provisions that are customary for these types of transactions.
History
NextNRG, Inc. was incorporated in 2016 in the state of Florida.
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