NextNRG Inc. 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 is expected to generate approximately $3.85 million in gross revenue over the contract term. 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. 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.
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?solar, battery storage, and gas-powered backup generation?supporting 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. In accordance with the executed PPA, the Topanga microgrid will include: Rooftop Solar: Approximately 350?380 kW; Battery Energy Storage: ~250 kW /1,000 kWh lithium-ion system; Backup Generation: Integration with the facility?s existing natural gas generator for full redundancy; Intelligent Controls: NextNRG?s UOS and SmartGrid AI platform for optimized dispatch of solar, storage, grid imports, and generator resources; Infrastructure Upgrades: HCAI-compliant engineering, electrical interconnection upgrades, and safety systems; Annual Energy Output: Approximately 470,000?480,000 kWh in early operating years. NextNRG will own, operate, and maintain the system for the duration of the 28-year agreement.
As with other NextNRG microgrid projects, Topanga will not incur any upfront capital expenditure; the project utilizes third-party financing while the company retains full asset ownership. This agreement marks another step in building a resilient, asset-backed energy portfolio that positions NextNRG for sustained growth in the years ahead.
