NextNRG Executes 28-Year, ~$5M Power Purchase Agreement With Sunnyside Nursing And Post-Acute Care Center In Torrance, California
NextNRG NXXT | 0.40 0.39 | -1.13% -2.02% Post |
NextNRG, Inc. (NASDAQ:NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered, today announced the execution of a 28-year Power Purchase Agreement (PPA) with Sunnyside Nursing and Post-Acute Care Center in Torrance, California. This milestone marks a major step in NextNRG's transition from development-stage projects into long-term ownership and operation of revenue-producing energy assets, generating approximately $5.0 million in gross revenue over the life of the agreement and establishing a stable, asset-backed cash flow stream.
This agreement positions NextNRG within one of the most attractive and underserved segments of the distributed energy market: the long-term care, post-acute, and assisted living sector. With more than 15,000 licensed nursing homes and an additional 32,000 assisted-living facilities in the United States, the total addressable market for resilient energy systems in this vertical exceeds $3.2 billion annually, with expected growth toward $7–8 billion over the next decade. These facilities must maintain continuous power for patient care, HVAC, and life-safety equipment, making them highly aligned with NextNRG's "own-and-operate" microgrid model.
