NextNRG's High-Wire Act: Betting its Future on Wireless EV Charging

MIAMI, FL – December 02, 2025 – In a move that aims to redefine the landscape of electric mobility, AI-driven energy firm NextNRG (NASDAQ: NXXT) has unveiled a partnership with Florida International University (FIU) to deploy one of the nation's most ambitious wireless electric vehicle (EV) charging networks. The project, which will feature cars charging while parked and while driving on specially equipped roads, represents a bold leap from the laboratory to a large-scale, real-world application. Yet, for NextNRG, this isn't merely a technology showcase; it's a strategic, high-stakes maneuver critical to validating its business model and securing its financial future.

A Bet on a Wireless Future

On the surface, the announcement is a resounding win for EV innovation. The plan calls for equipping up to three miles of roadway for dynamic in-motion charging, supplemented by 24 static wireless charging pads across FIU's campus. But for investors and analysts tracking NextNRG, the project's true significance lies in its potential to pivot the company's trajectory. The energy innovator has been navigating turbulent financial waters. With a trailing operating margin of -69.13% and an accumulated deficit exceeding $112 million as of August 2025, the company's Altman Z-Score of -12.91 places it squarely in the financial distress zone, signaling a high risk of bankruptcy.

However, context is key. NextNRG recently executed a comprehensive financial restructuring in July, converting debt to equity and refinancing costly short-term obligations. This move slashed its monthly cash burn by approximately $1 million, providing crucial runway. The FIU partnership, therefore, emerges as the centerpiece of its recovery strategy. It's a calculated gamble to demonstrate undeniable technological leadership and commercial viability, transforming its licensed patents from intellectual property assets into a revenue-generating, market-defining product.

“NextNRG is proud to take our licensed patents from concept to reality with FIU,” said Michael D. Farkas, Executive Chairman and CEO of NextNRG, in the company’s press release. “Together we are proving that wireless charging at scale is not just possible, but practical.” For Farkas and his leadership team, a successful deployment at FIU would serve as a powerful proof-of-concept to attract larger municipal and corporate clients, unlock further financing, and silence investor concerns.

The University as an Innovation Engine

This initiative is far more than a simple vendor-client relationship; it is a symbiotic partnership rooted in years of academic research. Florida International University is not just a host site but the very source of the core technology. NextNRG's Chief Technology Officer, Arif Sarwat, is also a distinguished professor at FIU and a co-author of the patents being commercialized. This tight integration of academia and industry is a potent formula for innovation.

“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,” stated Sarwat. This move exemplifies a modern trend where universities act as powerful engines for economic development, translating taxpayer-funded research into commercial solutions.

FIU is uniquely positioned to serve as a living laboratory for this technology. The university already operates a sophisticated Artificial Intelligence Based Renewable (AIR) Microgrid, complete with a 3MW/9MWh Battery Energy Storage System and a 1.4 MW solar power plant. The new wireless charging network will integrate directly into this existing ecosystem. Select charging sites will feature bi-directional capability, allowing EVs to not only draw power but also feed it back, effectively acting as mobile batteries to help stabilize the campus grid. This creates a closed-loop system to test and perfect the interplay between EV fleets, renewable energy generation, and smart grid management.

FIU President Jeanette M. Nuñez highlighted the strategic alignment, stating, “Our partnership with NextNRG exemplifies such efforts,” referring to the university's focus on research that solves real-world problems and drives economic development. By becoming the first U.S. university to demonstrate this technology at scale, FIU is creating a blueprint for smart campuses and, by extension, sustainable cities of the future.

Charging into a Competitive Market

While groundbreaking, the NextNRG-FIU project enters a rapidly advancing and competitive global wireless EV charging market. Valued at nearly half a billion dollars in 2023, the sector is projected by some analysts to explode to over $33 billion by 2034, fueled by soaring EV sales and massive investment in smart infrastructure. Key players like WiTricity, Electreon, and InductEV are already deploying projects and vying for market dominance.

The primary challenges for the industry remain high initial costs, the need for precise vehicle-to-pad alignment, and the ongoing push for universal standardization. The SAE J2954 standard has provided a crucial framework for interoperability in light-duty vehicles, but the path to seamless compatibility across all makes and models is still being paved. NextNRG's solution will be scrutinized on its efficiency, scalability, and cost-effectiveness compared to both rivals and traditional plug-in chargers.

The project's scale and its dynamic charging component are its key differentiators. While static wireless charging is becoming more common, the ability to charge vehicles in motion over a three-mile stretch is a significant technical feat. If successful, it could fundamentally address the 'range anxiety' that remains a major barrier to EV adoption for many consumers. The integration with FIU's renewable microgrid and the use of bi-directional charging also aligns with a forward-looking vision of Vehicle-to-Grid (V2G) technology, where EV fleets become an integral part of a resilient and decentralized energy infrastructure. This project is not just about replacing a cable; it's about reimagining the relationship between transportation and the power grid.