How it all connects to NextNRG (NASDAQ:NXXT)
Electricity costs in the United States continue to rise at a pace not seen in decades.
Residential electricity rates have increased by nearly 30 percent since 2021, and analysts predict an additional 15–40 percent increase by 2030 as the electric grids adapt to the rapid development of AI, electric vehicles, and automation (U.S. EIA; ICF).
In California, rates have surpassed $0.26 per kWh — about twice the national average — while households in New Jersey and Maine have experienced annual jumps of 20 percent or more (ChooseEnergy). For businesses, the impact is even more severe: a logistics operator paying $10,000 per month for electricity today could face expenses of up to $150,000 by 2030, depending on regional grid pressures and capital expenditures (Revel Energy).
Against this backdrop of change, more and more attention is being paid to the people shaping the future of the country’s electrification. One such example is Michael D. Farkas, a 53-year-old entrepreneur, founder of Blink Charging, and current CEO of NextNRG (NASDAQ:NXXT). Blink Charging, which has deployed more than 100,000 charging stations nationwide, established its track record in EV infrastructure, and its current work at NextNRG focuses on developing technologies that improve efficiency across emerging electrified systems.
The man wiring the future
Farkas is the founder and CEO of NextNRG (NASDAQ:NXXT), an energy technology company developing systems to improve the efficiency and coordination of electrified infrastructure. The company’s platform includes AI-enabled wireless EV charging, smart microgrids, mobile fueling solutions, and integrated energy-generation and storage systems.
NXXT has grown in just two years, acquiring a fleet of Shell Oil commercial trucks, securing major contracts with Amazon for fuel supply and infrastructure development, and expanding its clean energy and logistics operations into several states. It plans to provide critical connections among transportation, data infrastructure, and AI-powered energy management — the foundation of modern electrification.
The company also delivered remarkable financial results. In August 2025, NXXT reported a 222 percent increase in revenue compared to the same period last year, continuing the company’s streak of quarterly records. Analysts describe NXXT’s status as entering a “breakout phase,” as the company’s revenue is now growing into the nine-figure range, thanks to new contract wins and the expansion of its grid nationwide. H.C. Wainwright recently initiated coverage of the company with a Buy rating and a $5 price target, calling NXXT “a diversified energy technology company focused on growth in smart grid and infrastructure modernization.”
According to Farkas, the company’s objective is to enhance the adaptability of electrical systems by using software and predictive analytics to manage power flows more efficiently.
“The next energy crisis isn’t about oil,” Farkas says. “It’s about making electricity think, delivering power where it’s needed most, at the lowest possible cost. We design for the challenges of 2030 so they never have a chance to appear. And we’re only at the start of that journey.”
Seeing opportunity where others see strain
Before NextNRG, Michael Farkas founded Blink Charging — one of the first large-scale electric vehicle charging networks in the United States. By 2024, Blink Charging had deployed more than 100,000 charging stations worldwide (GlobeNewswire), making it one of the pioneers of electric vehicle infrastructure.
While many industry experts and policymakers argue that the current grid is not adequately prepared for rising electrification, Farkas highlights a different perspective.
“The grid isn’t outdated,” he says. “The foundation is there, and it’s full of untapped potential. We’re adding the intelligence that turns it from infrastructure into innovation.”
This philosophy — to upgrade, not uproot — shapes NextNRG’s strategy. The company develops smart power ecosystems designed to route, store, and use electricity more efficiently at an industrial scale. In Farkas’ vision, these efforts will enable fleets, manufacturing plants, and data centers to coordinate energy consumption more effectively as demand fluctuates.
The invisible drain behind the digital boom
Data centers currently account for about 4.4 percent of all U.S. electricity use, a share that could reach 10 to 12 percent by 2028 as digital infrastructure expands (DOE; IEA). Deloitte estimates that demand from AI computing could increase total data-center consumption up to 30-fold by 2035, potentially requiring over 120 gigawatts of continuous power — equivalent to the output of 100 nuclear plants (Deloitte).
Growth in electric-vehicle adoption adds further pressure. DOE modeling indicates that transportation electrification could lift local electricity demand by as much as 25 percent over the coming decade (DOE EV Grid Impact Report). In fast-growing states such as Virginia, Texas, Illinois, Oregon, and California, utilities have filed requests for double-digit rate increases to finance substations, cooling systems, and other capacity upgrades (EPRI; EnergySage).
“Every server, every EV, every robot has a heartbeat,” Farkas says. “If we synchronize those heartbeats, the grid breathes easier — and the whole world benefits.”
From DOE research to real-world innovation
The origins of NextNRG’s technology approach can be traced to Energy Smart Florida, an $800 million Department of Energy modernization initiative carried out with Florida Power & Light, which deployed millions of smart meters and automated control systems across the state (FPL).
At Florida International University, Dr. Arif Sarwat led the development of an AI-assisted microgrid and a virtual control platform designed to coordinate the generation, storage, and load of renewable energy sources (FIU News). “The future of the grid lies in developing intelligence, not increasing scale,” he noted.
Elements of this approach now appear in a range of projects across the country, including electrified roadways near Orlando (ENRX) and wireless-charging infrastructure in Detroit (City of Detroit). SAE International has formalized the relevant standards — J2954 for passenger vehicles and J2954/2 for heavy equipment — with operational tests demonstrating efficiency of up to 93 percent. (SAE International; ChargeDevs).
What NXXT actually builds
NXXT develops technologies that manage electricity as a distributed resource. Its inductive charging platforms supply equipment with energy while it is in motion or during downtime, reducing the number of scheduled stops. The company also holds a U.S. patent for bidirectional wireless EV charging, a system designed to charge fleets during off-peak hours and potentially return energy during periods of high demand.
“If your machines never stop to plug in,” Farkas says, “you turn downtime into productivity. Waste becomes power.”
Powering the Future
Farkas describes a model in which industrial vehicles are charged inductively while in motion or during downtime. He believes this will reduce dependence on dedicated charging stations and help reduce the need for batteries and equipment.
Outside the facility, a microgrid combines solar generation, storage batteries, and wireless charging infrastructure. AI-based control systems regulate real-time energy distribution between active equipment, storage, and cooling systems (DOE). Early adopters of such solutions are already reporting savings in operating and maintenance costs.
Why this matters beyond Wall Street
McKinsey estimates that nearly $7 trillion in global investment will be required this decade to support the energy infrastructure needed for AI expansion (McKinsey & Company). Without improvements in grid efficiency and distribution, a significant share of these costs is likely to be reflected in end-user electricity prices. DOE and IEA models show that AI and EV expansion together could lift national electricity demand 25 percent by 2030 (DOE; IEA).
“The world is electrifying faster than it’s upgrading,” Farkas says. “Either we make energy smarter, or energy costs will decide who gets to innovate.”
NextNRG’s work focuses on developing AI systems that help optimize load distribution and more efficiently integrate energy assets. These AI-powered grids can dynamically balance loads, prevent power outages, and transform every charger, battery, and data center into a living node in the smart grid.
The challenges — and the momentum
Dynamic wireless energy systems still face a number of challenges: efficiency limitations, high initial capital costs, and slow adoption in the utility sector. As Farkas notes:
“Infrastructure is supposed to be hard,” he says. “That’s why it lasts.”
NXXT is beginning with controlled industrial environments — warehouses, ports, and airports — and later plans to extend these systems to AI campuses and industrial microgrids that link vehicle fleets, storage, and computing facilities.
Brookfield Asset Management predicts that, over the next decade, the capacity of global data centers powered by AI could grow by 75 GW, requiring more than $7 trillion in infrastructure support (Data Center Dynamics). Farkas sees this not as a burden, but as an opportunity:
“People talk about clean energy,” he says. “I talk about intelligent energy — power that knows when, where, and how to move. When electrons start thinking, humanity moves forward.”
The $7 Trillion connection
McKinsey estimates that nearly $7 trillion in global investment will be required through 2030 to support the energy infrastructure needed for continued electrification (McKinsey & Company). Goldman Sachs and the IEA note that without improvements in grid efficiency and modernization, rising electricity demand could constrain further growth.
In this context, NextNRG (NASDAQ:NXXT) acts as a developer of systems aimed at improving the management and distribution of energy in industry and transportation. The company’s focus is on integrating data-driven control systems, distributed storage systems, and electrified equipment into more coordinated energy networks. Farkas highlights:
“We’ve made breakthrough progress,” he says. “From here, it’s just a matter of time. The systems are being built, the transformation is underway, and our strong team is making it happen.”
(Sources: EIA, DOE, IEA, McKinsey, Deloitte, EPRI, SAE International, TipRanks | Final editorial version for publication.)