NextNRG signs LOI for two healthcare facility smart microgrid projects

NextNRG (NXXT) signed a letter of intent to develop critical energy infrastructure for two healthcare facilities operated by Sunnyside Nursing and Post-Acute Care and Topanga Terrace Rehabilitation & Subacute in Los Angeles, California. NextNRG will own and operate the complete smart microgrid systems and sell electricity directly to both facilities under separate 28-year Power Purchase Agreements, establishing predictable long-term revenue streams in the essential healthcare sector where continuous, reliable power is not just preferred but mandatory. The PPA for the Sunnyside facility will generate revenue at $0.25 per kWh with a 2% annual escalator, while the Topanga facility will generate revenue at $0.22 per kWh with a 2% annual escalator, providing NextNRG with contracted cash flows extending through 2053. NextNRG will design, build, own and operate comprehensive smart microgrid systems for each facility, then sell electricity from these NextNRG-owned grids to the healthcare facilities. The energy infrastructure will incorporate generation through solar and renewable sources, as well as battery storage for enhanced reliability. All components will be integrated into comprehensive smart microgrids powered by NextNRG’s proprietary UOS and SmartGrid technology. Each system will feature up to 830 kWh DC of solar photovoltaic capacity and 2.2 MWh of battery energy storage with ground-mounted solar arrays.