NextNRG partners with FIU to develop a large-scale wireless EV charging network, enhancing sustainable transportation on campus.
Quiver AI Summary
NextNRG, a leader in AI-powered energy solutions, has teamed up with Florida International University (FIU) to create one of the first large-scale wireless electric vehicle (EV) charging networks in the United States. By commercializing technologies developed at FIU, NextNRG plans to deploy a 3-mile roadway featuring dynamic wireless charging and multiple static charging stations on campus, allowing cars to charge while moving or parked. This initiative aims to reduce reliance on traditional charging stations, alleviate range anxiety, and facilitate the adoption of EVs by integrating with clean energy systems. The project will also support FIU’s goals in sustainability and innovation, positioning the university as a frontrunner in wireless charging technology. The network will monitor usage and manage billing through a mobile app, ultimately enhancing energy management and demonstrating the potential of connected systems in sustainable transportation.
Potential Positives
- NextNRG is partnering with Florida International University to launch one of the nation's first large-scale wireless electric vehicle charging networks, showcasing its innovation in sustainable mobility.
- The deployment will be among the largest wireless EV charging projects globally, enhancing NextNRG's reputation as a leader in clean energy technology.
- By integrating wireless charging technology with FIU's renewable energy systems, NextNRG is positioned to address range anxiety and accelerate electric vehicle adoption.
- The project provides NextNRG a strong institutional partnership, leveraging FIU's significant economic impact and visibility to further its mission in the energy sector.
Potential Negatives
- The partnership is limited to a single campus, potentially limiting market reach and scalability of the wireless EV charging technology.
- The forward-looking statements indicate uncertainty regarding the execution and success of the project, emphasizing potential risks that investors should be aware of.
- The press release does not provide specific timelines for deployment or performance metrics, which may raise concerns about the project's viability and NextNRG's commitment to the initiative.
FAQ
What is the partnership between NextNRG and FIU about?
The partnership aims to launch a large-scale wireless electric vehicle charging network using FIU's patented technologies.
How long will the wireless EV charging roadway be?
The roadway will be up to 3 miles in length, featuring dynamic and static wireless charging sites.
What benefits does the wireless charging network offer?
This network will reduce reliance on plug-in stations, address range anxiety, and accelerate electric vehicle adoption.
What unique features will the charging network include?
The network will include a mobile app for managing billing, usage tracking, and real-time station availability.
What is NextNRG's main focus in energy innovation?
NextNRG focuses on integrating AI and machine learning into energy management systems, including wireless EV charging.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NXXT Insider Trading Activity
$NXXT insiders have traded $NXXT stock on the open market 7 times in the past 6 months. Of those trades, 3 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $NXXT stock by insiders over the last 6 months:
- MICHAEL D FARKAS (CEO and Executive Chairman) purchased 1,000,000 shares for an estimated $1,670,000
- SEAN MATTHEW OPPEN has made 2 purchases buying 35,000 shares for an estimated $59,700 and 0 sales.
- AVISHAI VAKNIN (Chief Technology Officer) has made 0 purchases and 4 sales selling 15,509 shares for an estimated $31,238.
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- VANGUARD GROUP INC added 595,448 shares (+131.2%) to their portfolio in Q3 2025, for an estimated $1,089,669
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$NXXT Analyst Ratings
Wall Street analysts have issued reports on $NXXT in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- HC Wainwright & Co. issued a "Buy" rating on 09/02/2025
- ThinkEquity issued a "Buy" rating on 06/23/2025
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$NXXT Price Targets
Multiple analysts have issued price targets for $NXXT recently. We have seen 2 analysts offer price targets for $NXXT in the last 6 months, with a median target of $5.5.
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- Amit Dayal from HC Wainwright & Co. set a target price of $5.0 on 09/02/2025
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Full Release
MIAMI, FL, Dec. 02, 2025 (GLOBE NEWSWIRE) -- NextNRG (NASDAQ: NXXT ) a pioneer in AI-driven energy innovation that is transforming how energy is produced, managed, and delivered, has partnered with Florida International University (FIU) to launch one of the nation’s first large-scale wireless electric vehicle charging networks. By licensing and commercializing FIU invented technologies, NextNRG aims to turn research into practical solutions for sustainable mobility and resilient energy systems.
“As one of the original co-authors of the patents now licensed by NextNRG, I am proud to see our research move from the lab into full-scale deployment,” said Arif Sarwat, distinguished professor at the FIU College of Engineering and Computing and Director of the Energy, Power & Sustainability (EPS) Lab, and CTO of NextNRG. “This collaboration will bring innovation and sustainability directly to our campus, giving our students and community the chance to experience the future of transportation while advancing FIU’s leadership in clean energy.”
Plans call for a roadway of up to 3 miles in length, equipped with dynamic wireless charging and 24 static wireless charging sites across multiple FIU locations. The deployment will rank among the largest wireless EV charging deployments globally. Vehicles will charge while in motion or parked. A mobile app will manage billing, track usage, and show real time station availability.
“NextNRG is proud to take our licensed patents from concept to reality with FIU,” said Michael D. Farkas, Executive Chairman and CEO of NextNRG. “Together we are proving that wireless charging at scale is not just possible, but practical. This project demonstrates how advanced technology, and forward-looking institutions can accelerate the adoption of cleaner transportation and reshape the future of mobility.”
Although this deployment will be contained within a single campus, the network structure reflects a connected, campus-wide system architecture. Each wireless charging pad will be integrated through a unified management platform, allowing for coordinated operation, monitoring, and data analysis across FIU’s facilities. Select sites will also include bi-directional static wireless charging, enabling energy to flow both to and from the vehicles. This capability will allow FIU to interact dynamically with its renewable energy portfolio, optimizing energy storage, reducing grid strain, and advancing real-world applications for smart energy management.
Once deployed, FIU will become the first U.S. university to demonstrate wireless EV charging at this scale, setting a national benchmark for campus-based innovation in sustainable transportation. As a top-tier public research university with an annual economic impact exceeding $5 billion and a globally recognized brand, FIU brings major institutional reach and visibility to this collaboration, reinforcing the significance of the project on both technological and academic levels. The initiative is expected to reduce reliance on plug-in stations, addressing range anxiety to accelerate EV adoption, and highlight how wireless charging can integrate seamlessly with clean power systems.
“ At FIU we focus on research that brings solutions to real world problems and on industry partnerships that positively impact the economic development of Florida and the nation,” said FIU President Jeanette M. Nuñez. “Our partnership with NextNRG exemplifies such efforts.”
About NextNRG, Inc.
NextNRG Inc. (NextNRG) is Powering What's Next by integrating artificial intelligence (AI) and machine learning (ML) into utility infrastructure, battery storage, wireless EV in-motion charging, renewable energy and mobile fuel delivery, to create a unified platform for modern energy management. At the core of its strategy is the
Next Utility Operating System
®
, which uses AI to optimize both new and existing infrastructure across microgrids, utilities, and fleet operations. NextNRG's smart microgrids serve commercial, healthcare, educational, tribal, and government sites delivering cost savings, reliability, and decarbonization. The company also operates one of the nation's largest on-demand fueling fleets and is advancing wireless charging to support fleet electrification.
To learn more, visit
www.nextnrg.com
.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG's goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as "expect," "intends," "will," and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG's business and macroeconomic and geopolitical events. These and other risks are described in NextNRG's filings with the Securities and Exchange Commission from time to time. NextNRG's forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG's forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.
Investor Relations Contact
NextNRG, Inc.
Sharon Cohen
[email protected]