AI-driven energy solutions provider NextNRG has entered a strategic partnership with private equity company Hudson Sustainable Group for collaborative development, financing and the deployment of a portfolio of energy infrastructure across the US.
The energy assets portfolio encompasses utility-scale solar, battery storage, distributed smart microgrids, advanced charging infrastructure for electric vehicles and NextNRG’s proprietary Next Utility operating system.
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Hudson will be preferentially considered for providing funds for chosen projects within NextNRG’s expanding pipeline across the US under the master framework agreement.
NextNRG founder and CEO Michael D Farkas stated: “This partnership with Hudson enhances our ability to scale AI-optimised, distributed energy infrastructure at a time when demand for smarter, more resilient power solutions is accelerating.
“By aligning innovation with growth capital, we believe we’re well positioned to drive project execution, strengthen our commercial pipeline and advance the deployment of next-generation systems that can reduce cost, improve reliability and support the evolving energy needs of both today and tomorrow.”
The execution of individual project financings and the specific terms will be subject to thorough due diligence, mutual consent and the completion of definitive documentation.
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By GlobalDataThe partnership grants NextNRG access to Hudson-led development opportunities in sectors such as fleet electrification, data centre power and municipal energy resiliency.
This collaboration will leverage Hudson’s experience in mobilising and deploying capital in renewable power, energy efficiency and clean transport infrastructure. Hudson has a track record of investing more than $13bn in such projects.
Hudson previously backed significant global entities Recurrent Energy, Sunlight Financial, Powermat and Landis + Gyr in the clean energy sector.
Hudson Sustainable Group founder and CEO Neil Auerbach stated: “Michael is a pioneer in EV charging and a seasoned entrepreneur. The technology under the hood at NextNRG is breathtaking in its scope and potential. We look forward to assisting the company in monetising both its IP and downstream portfolios.”
