{"id":918849,"date":"2025-12-11T10:10:57","date_gmt":"2025-12-11T15:10:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nextnrg-signs-28-year-microgrid-power-purchase-agreement-with-topanga-terrace-further-advancing-its-expansion-into-healthcare-energy-infrastructure\/"},"modified":"2025-12-11T10:10:57","modified_gmt":"2025-12-11T15:10:57","slug":"nextnrg-signs-28-year-microgrid-power-purchase-agreement-with-topanga-terrace-further-advancing-its-expansion-into-healthcare-energy-infrastructure","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nextnrg-signs-28-year-microgrid-power-purchase-agreement-with-topanga-terrace-further-advancing-its-expansion-into-healthcare-energy-infrastructure\/","title":{"rendered":"NextNRG Signs 28-Year Microgrid Power Purchase Agreement with Topanga Terrace, Further Advancing Its Expansion into Healthcare Energy Infrastructure"},"content":{"rendered":"

\nAgreement follows Sunnyside PPA announcement and further strengthens NextNRG\u2019s pipeline of long-term, asset-backed contracted revenue
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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\u2019s 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.<\/p>\n

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\u2019s financial model, the Topanga PPA is expected to generate approximately $3.85 million in gross revenue over the contract term.<\/p>\n

\u201cThis agreement, coming directly on the heels of our Sunnyside announcement, is a powerful indicator of the momentum building around our healthcare microgrid strategy,\u201d said Michael D. Farkas, Executive Chairman and CEO of NextNRG. \u201cTopanga Terrace cannot risk power disruptions, and this system will give them resilient, cost-controlled power for decades. For NextNRG, it further strengthens our long-term contracted revenue base and demonstrates the scalability of our model.\u201d<\/p>\n

\u201cOur goal is to become the go-to energy partner for healthcare facilities that require uninterrupted power,\u201d added Farkas. “With multiple executed PPAs now in place, we are proving our ability to build, own, and operate the type of critical infrastructure this market urgently needs.\u201d<\/p>\n

The agreement positions NextNRG within the long-term care, post-acute, and assisted-living sector, where more than 15,000 nursing homes and roughly 32,000 assisted-living communities nationwide depend on consistent electricity for clinical operations and resident safety. This sector represents a multi-billion-dollar opportunity for resilient on-site power solutions, with significant growth expected over the coming decade as facilities modernize their infrastructure.<\/p>\n

That expansion is being accelerated by tightening regulatory standards across multiple states, which now require long-term care facilities to maintain up to 96 hours of backup power to keep essential systems such as HVAC operational during outages. These market dynamics are creating immediate demand for dependable, multi-source microgrid solutions, an area where NextNRG is well positioned to deliver at scale.<\/p>\n

For healthcare facilities, NextNRG’s PPA model eliminates the need to fund high capital expenditures to build resiliency infrastructure. Facilities receive predictable, stable long-term energy pricing along with full system redundancy\u2014solar, battery storage, and gas-powered backup generation\u2014supporting their regulatory compliance and service requirements. The projects also demonstrate NextNRG’s technological leadership through its Utility Operating System (UOS) and SmartGrid AI platform, which intelligently coordinate solar generation, battery storage, grid power, and backup generators. Successfully delivering mission-critical systems like these strengthens the company’s credibility as a comprehensive energy provider for regulated, power-sensitive institutions.<\/p>\n

\u201cThese contracts show the market exactly what NextNRG can deliver,\u201d said James Scrivener, Microgrid Deployment Manager at NextNRG. \u201cWe expect them to accelerate conversations with other healthcare operators and expand our presence in California and other key states.\u201d<\/p>\n

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\n Project Overview<\/b>
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In accordance with the executed PPA, the Topanga microgrid will include:<\/p>\n