NextNRG Signs 28-Year Microgrid Power Purchase Agreement with Topanga Terrace, Further Advancing Its Expansion into Healthcare Energy Infrastructure
NextNRG, Inc. (NXXT)
Company Research
Source: GlobeNewswire
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
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NXXT
Earnings
- 11/14/25 - Miss
NXXT
Sec Filings
- 12/16/25 - Form 144
- 12/16/25 - Form 4
- 12/15/25 - Form 4
- NXXT's page on the SEC website