NextNRG signs 28-year microgrid Power Purchase Agreement with Topanga Terrace

NextNRG (NXXT) has executed a 28-year Power Purchase Agreement, or 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. The agreement includes 2% annual rate escalators. 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. The Topanga PPA is expected to generate approximately $3.85M in gross revenue over the contract term.