Market Cap 354.31M
Revenue (ttm) 27.77M
Net Income (ttm) -16.19M
EPS (ttm) N/A
PE Ratio 0.00
Forward PE N/A
Profit Margin -58.30%
Debt to Equity Ratio -0.01
Volume 34,900
Avg Vol 50,194
Day's Range N/A - N/A
Shares Out 118.50M
Stochastic %K 35%
Beta -0.59
Analysts Strong Buy
Price Target N/A

Company Profile

NextNRG Inc. engages in mobile fueling operations in the United States. The company offers on-demand and subscription-based fuel delivery services to individual consumers, fleets, marine, and other specialty markets. It is also involved in developing and deploying wireless electric vehicle charging technology with battery storage and solar energy solutions. In addition, the company offers smart grid products. NextNRG Inc. was incorporated in 2016 and is headquartered in Miami, Florida.

Industry: Utilities - Renewable
Sector: Utilities
Phone: 305 791 1169
Website: nextnrg.com
Address:
67 NW 183rd St, Miami, United States
Bazzzigar
Bazzzigar Jun. 13 at 12:20 PM
$NXXT NINE
0 · Reply
prismmarketview
prismmarketview Jun. 12 at 2:22 PM
$NXXT https://prismmarketview.com/nextnrg-and-hudson-sustainable-group-announce-strategic-partnership-to-accelerate-deployment-of-ai-driven-clean-energy-infrastructure/
0 · Reply
Tunes444
Tunes444 Jun. 12 at 1:51 PM
0 · Reply
Viiinnkkaa
Viiinnkkaa Jun. 12 at 1:31 PM
$NXXT https://finance.yahoo.com/news/nextnrg-partners-13-billion-renewable-123000648.html
0 · Reply
OptimistFrank851
OptimistFrank851 Jun. 12 at 1:25 PM
$NXXT I've seen the Hudson Group on some other projects in the past, good to see that they've found these guys
0 · Reply
Risk1123
Risk1123 Jun. 12 at 1:23 PM
0 · Reply
IsaacP2
IsaacP2 Jun. 12 at 1:22 PM
$NXXT "The agreement establishes a framework for NextNRG and Hudson to jointly develop, finance, and deploy a national portfolio of energy assets" hopefully we get some more details on what this all entails
0 · Reply
StocksPlusStuffers
StocksPlusStuffers Jun. 12 at 1:21 PM
$NXXT Did it mention how much $$ they're investing?
0 · Reply
RandomlySelected
RandomlySelected Jun. 12 at 1:19 PM
$NXXT I've actually heard of Hudson Sustainable Group before typically a good sign
0 · Reply
Fidely
Fidely Jun. 12 at 1:16 PM
$NXXT 'Partnership Expands Capital Access to Support Development of Solar, Battery, Microgrid, and Wireless EV Charging Projects within NextNRG’s National Pipeline'
0 · Reply
Latest News on NXXT
NextNRG Expands Services into Oklahoma

Apr 30, 2025, 9:15 AM EDT - 6 weeks ago

NextNRG Expands Services into Oklahoma


NextNRG, Inc. Announces Closing of Public Offering

Feb 18, 2025, 4:05 PM EST - 4 months ago

NextNRG, Inc. Announces Closing of Public Offering


EzFill Closes on the Purchase of Yoshi Mobility's Fuel Division

Dec 10, 2024, 8:00 AM EST - 6 months ago

EzFill Closes on the Purchase of Yoshi Mobility's Fuel Division


EzFill Announces 2024 Third Quarter Financial Results

Nov 14, 2024, 9:25 AM EST - 7 months ago

EzFill Announces 2024 Third Quarter Financial Results


Yoshi Mobility goes green, spins off fueling division

Nov 4, 2024, 9:32 AM EST - 8 months ago

Yoshi Mobility goes green, spins off fueling division


EzFill Announces 2024 Second Quarter Financial Results

Aug 15, 2024, 11:45 AM EDT - 10 months ago

EzFill Announces 2024 Second Quarter Financial Results


EzFill Holdings, Inc. Announces Reverse Stock Split

Jul 23, 2024, 11:00 AM EDT - 11 months ago

EzFill Holdings, Inc. Announces Reverse Stock Split


EzFill Announces 2024 First Quarter Financial Results

May 15, 2024, 9:15 AM EDT - 1 year ago

EzFill Announces 2024 First Quarter Financial Results


EzFill Announces 2023 Third Quarter Financial Results

Nov 15, 2023, 12:48 PM EST - 1 year ago

EzFill Announces 2023 Third Quarter Financial Results


EzFill Announces 2023 Second Quarter Financial Results

Aug 22, 2023, 9:45 AM EDT - 1 year ago

EzFill Announces 2023 Second Quarter Financial Results


EzFill Achieves Another Monthly Record for Gallons Delivered

Jun 7, 2023, 12:00 PM EDT - 2 years ago

EzFill Achieves Another Monthly Record for Gallons Delivered


EzFill to Offer Service to Residential Condominiums

May 22, 2023, 1:13 PM EDT - 2 years ago

EzFill to Offer Service to Residential Condominiums


EzFill Regains Compliance with Nasdaq Mimimum Bid Price Rule

May 16, 2023, 4:05 PM EDT - 2 years ago

EzFill Regains Compliance with Nasdaq Mimimum Bid Price Rule


EzFill Announces Upgrades to Mobile Fueling Application

May 11, 2023, 12:00 PM EDT - 2 years ago

EzFill Announces Upgrades to Mobile Fueling Application


EzFill Announces 2023 First Quarter Financial Results

May 3, 2023, 9:15 AM EDT - 2 years ago

EzFill Announces 2023 First Quarter Financial Results


EzFill Adds Holdings Announces Reverse Stock Split

Apr 26, 2023, 11:50 AM EDT - 2 years ago

EzFill Adds Holdings Announces Reverse Stock Split


EZFill Holdings Inc. (EZFL) Q4 2022 Earnings Call Transcript

Mar 16, 2023, 10:28 PM EDT - 2 years ago

EZFill Holdings Inc. (EZFL) Q4 2022 Earnings Call Transcript


EzFill Adds 10 Fleet Accounts in February

Mar 3, 2023, 9:15 AM EST - 2 years ago

EzFill Adds 10 Fleet Accounts in February


Bazzzigar
Bazzzigar Jun. 13 at 12:20 PM
$NXXT NINE
0 · Reply
prismmarketview
prismmarketview Jun. 12 at 2:22 PM
$NXXT https://prismmarketview.com/nextnrg-and-hudson-sustainable-group-announce-strategic-partnership-to-accelerate-deployment-of-ai-driven-clean-energy-infrastructure/
0 · Reply
Tunes444
Tunes444 Jun. 12 at 1:51 PM
0 · Reply
Viiinnkkaa
Viiinnkkaa Jun. 12 at 1:31 PM
$NXXT https://finance.yahoo.com/news/nextnrg-partners-13-billion-renewable-123000648.html
0 · Reply
OptimistFrank851
OptimistFrank851 Jun. 12 at 1:25 PM
$NXXT I've seen the Hudson Group on some other projects in the past, good to see that they've found these guys
0 · Reply
Risk1123
Risk1123 Jun. 12 at 1:23 PM
0 · Reply
IsaacP2
IsaacP2 Jun. 12 at 1:22 PM
$NXXT "The agreement establishes a framework for NextNRG and Hudson to jointly develop, finance, and deploy a national portfolio of energy assets" hopefully we get some more details on what this all entails
0 · Reply
StocksPlusStuffers
StocksPlusStuffers Jun. 12 at 1:21 PM
$NXXT Did it mention how much $$ they're investing?
0 · Reply
RandomlySelected
RandomlySelected Jun. 12 at 1:19 PM
$NXXT I've actually heard of Hudson Sustainable Group before typically a good sign
0 · Reply
Fidely
Fidely Jun. 12 at 1:16 PM
$NXXT 'Partnership Expands Capital Access to Support Development of Solar, Battery, Microgrid, and Wireless EV Charging Projects within NextNRG’s National Pipeline'
0 · Reply
Stoness5687
Stoness5687 Jun. 12 at 1:15 PM
$NXXT Partners with $13 Billion Renewable Energy Investor Hudson Sustainable Group to Accelerate U.S. Energy Infrastructure Buildout
0 · Reply
ThoughtsOnThis
ThoughtsOnThis Jun. 12 at 1:13 PM
$NXXT up almost 6% in pre
0 · Reply
Tunes444
Tunes444 Jun. 12 at 1:11 PM
0 · Reply
prismmarketview
prismmarketview Jun. 11 at 3:28 PM
$NXXT https://prismmarketview.com/nextnrg-joins-russell-2000-and-3000-indexes-boosting-visibility-amid-national-expansion/
0 · Reply
Elevate1
Elevate1 Jun. 11 at 3:25 PM
$NXXT This article posted in the prior post is a perfect analysis of this monster industry that NXXT will be the emerging champion. I suggest people take a look. This is a sleeping giant that will be erupting shortly!
0 · Reply
SOD2Enthusiast
SOD2Enthusiast Jun. 11 at 2:32 PM
$NXXT Grid-Scale Electricity Storage: Transforming Global Energy with 30% CAGR PR Newswire BOSTON, June 11, 2025 "Revolutionizing Energy Generation and Utilization: Grid-Scale Electricity Storage Technologies Enhance Grid Reliability, Promote Energy Security, and Drive the Transition to Clean Energy with Advanced Battery Systems" BOSTON, June 11, 2025 /PRNewswire/ -- According to the latest study from BCC Research, the "Grid-Scale Electricity Storage Technologies: Global Markets" is estimated to grow from $40.7 billion in 2024 to $151.2 billion by the end of 2029 at a compound annual growth rate (CAGR) of 30.0% from 2024 through 2029. BCC Research Logo This report analyzes the global market for grid-scale electricity storage technologies, focusing on battery energy storage systems. It segments the market by technology, type, application, and region, offering insights into lithium-ion, lead-acid, flow, and sodium-ion batteries, among others. The study highlights the significant roles of utility-scale and behind-the-meter applications, emphasizing energy shifting, capacity provision, and ancillary services. It also covers commercial and industrial applications, such as retail stores, hospitals, data centers, and large-scale manufacturing plants. The report excludes other storage technologies such as pumped hydro and compressed air energy storage, as well as transportation and residential sectors. Market estimates are presented in U.S. dollars, with costs evaluated in $/KWh based on data from the U.S. Department of Energy and the National Renewable Energy Laboratory. The analysis includes forecasts of growth rates, feedback from executives at leading companies, and anticipated regulatory updates, focusing on technologies currently in commercial use. This detailed segmentation and market valuation provide a clear picture of the current and future landscape of grid-scale electricity storage technologies. The factors driving the market's growth include: Battery Storage in Renewable Energy: Battery storage helps balance the intermittent nature of renewable energy sources like solar and wind, ensuring a steady electricity supply. Investment Shift to Energy Storage: Investments are increasingly directed towards energy storage technologies to support renewable energy adoption and enhance grid reliability. Modernized Grids: Upgraded grids with advanced technologies integrate renewable energy and better manage storage systems, improving efficiency and reliability. Virtual Power Plants (VPPs): VPPs aggregate distributed energy resources in order to operate as a single power plant, balancing supply and demand and enhancing grid flexibility and reliability. Request a sample copy of the report on the global market for grid-scale electricity storage technologies. Report Synopsis Report Metric Details Base year considered 2023 Forecast period considered 2024-2029 Base year market size $32.1 billion Market size forecast $151.2 billion Growth rate CAGR of 30.0% from 2024 to 2029 Segments covered Type, Technology, Application, and Region Regions covered North America, Europe, Asia-Pacific, and the Rest of the World (South America, Middle East and Africa) Market drivers • Rapid integration of battery storage in renewable energy. • Shift in investments to energy storage technologies. • Modernized grids that promote grid-scale electricity storage technology. • Increase in virtual power plants (VPPs). Interesting facts: Virtual Power Plants: VPPs help businesses save money by offering discounts on solar panels and batteries, lower electricity rates, and payments for the energy they provide. This makes energy storage more affordable for companies. Hybrid Battery Systems: Combining different types of batteries, like flow and lithium-ion, improves their capacity, stability, and flexibility. These systems are ideal for managing high energy demands and storing solar power at a lower cost for longer periods. Smart Grids with AI: Using AI and machine learning, smart grids improve energy distribution and balance the load automatically. This reduces the risk of equipment failures and ensures a steady energy flow. Emerging startups: Albion Technologies UK Green Li-ion Pte Ltd Renon India VoltStorage GmbH The report addresses the following questions: What is the projected market size and growth rate? - The global market for grid-scale electricity storage technologies is projected to grow from $32.1 billion in 2023 to $151.2 billion by the end of 2029 at a compound annual growth rate (CAGR) of 30.0% during the forecast period. What are the key factors driving the growth of the market? - The factors driving the use of grid-scale electricity storage technologies include: Rapid integration of battery storage in renewable energy. Shift in global investment in energy storage technologies. Ongoing grid modernization promoting grid-scale electricity storage technologies. What segments are covered in the market? - The global market for grid-scale electricity storage technologies is segmented by technology, type, application and region. Technologies include lithium-ion batteries, lead-acid batteries, flow batteries, sodium-ion batteries and others, which include nickel based solid-state, and zinc batteries. Types include utility scale and behind-the-meter. Applications include utility scale (energy shifting and capacity provision, ancillary services, and congestion management), behind-the-meter (commercial and industrial) and others. Commercial and industries include manufacturing and heavy industry, mining, data centers, agriculture. Others include life sciences, warehousing, remote manufacturing plants, military facilities, and food and beverage. Regions include North America, Europe, Asia-Pacific, and Rest of the World, which consists of South America and the Middle East and Africa. Which application segment will be dominant through the forecast period? - Energy shifting and capacity provision applications account for the largest share of the market for grid-scale electricity storage technologies. This segment covers strategies such as load shifting, energy arbitrage, peak demand management, uninterrupted power supply, and microgrid support. Which region has the largest share of the global market? - The Asia-Pacific region holds the largest market share. Leading companies include: BEIJING HYPERSTRONG TECHNOLOGY CO. LTD. BYD CO. LTD. CALB CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CRRC ENVISION GROUP FLUENCE GOTION LG ENERGY SOLUTION NIDEC CORP. PANASONIC ENERGY CO. LTD. SAMSUNG SDI SUNGROW TESLA XYZ STORAGE TECHNOLOGY CORP. LTD. Related reports: Building-Integrated Photovoltaics (BIPV): Technologies and Global Markets: The report on the global Building-Integrated Photovoltaics (BIPV) market provides a comprehensive analysis of market trends, segmented by technology, application, end user, and geographic region. The scope of the report includes commercially deployed BIPV projects and new constructions or renovations, excluding projects in the design phase and after-sales services. It highlights trends, challenges, ESG developments, patents, and emerging technologies, while profiling major market players and analyzing the competitive landscape. Global EV Battery Swapping Market: The report provides a comprehensive analysis of the global EV battery swapping market, covering battery types such as lithium-ion, nickel-metal hydride, and lead-acid batteries, along with manual and automatic swapping stations. It examines service types like subscription and pay-per-use, and segments the market by application, including passenger cars, commercial vehicles, two-wheelers, and three-wheelers. The report also explores emerging technologies, trends, the competitive landscape, market dynamics, and patents, while assessing the impact of the Russia-Ukraine war. It includes regional analyses for North America, Europe, Asia-Pacific, and the Rest of the World, and profiles leading companies. Navigate Uncertainty with Confidence In times of rapid change and uncertainty, having the right insights can make all the difference. At BCC Research, we are here to support innovation and help you stay ahead. Our custom research reports provide a comprehensive, 360-degree view of your market landscape, giving you the clarity you need to make informed decisions. We believe that timely, expert market intelligence should be accessible to all. That is why, for a limited time, we are offering 30% off the price of any BCC Research report to help more organizations gain access to our latest data and insights. Purchase a copy of the report directly from BCC Research. For further information on any of these reports or to make a purchase, contact [email protected]. About BCC Research BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts' goal is to help you make informed business decisions free of noise and hype. Contact Us Corporate HQ: 50 Milk St., Ste. 16, Boston, MA 02109, USA Email: [email protected] Phone: +1 781-489-7301 For media inquiries, email [email protected] or visit our media page for access to our market research library. Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. Logo: https://mma.prnewswire.com/media/2183242/BCC_Research_Logo.jpg Cision View original content:https://www.prnewswire.co.uk/news-releases/grid-scale-electricity-storage-transforming-global-energy-with-30-cagr-302478982.html
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Elevate1
Elevate1 Jun. 11 at 12:18 PM
$NXXT Reminder that the Russel will have to buy 3-4 million shares at the end of the month. The Company just confirmed my analysis of two weeks ago! This will suck the float out. We believe in order to do that the shares will have go much higher. The float is much tighter than the world knows. I expect some big things from this company before hand! I am long and willing to trade around from the long side!
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Elevate1
Elevate1 Jun. 5 at 3:13 PM
$NXXT The prior research analysis demonstrates the Irasli firm’s need for NXXT’s technology. The need for bi-directional charging lowers the Israeli tech’s implementation costs and allows these developments to be self funding over a period of years. It shows how valuable NXXT patents and its fleet business is to making this tech work. I expect this will continue to work in NXXT’s favor. I am long and happy to trade around my long.
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SOD2Enthusiast
SOD2Enthusiast Jun. 5 at 3:00 PM
$NXXT Comparative Analysis: Electreon Wireless (ELWS.TA) vs. NextNRG (NXTT) Overview and Core Business Focus Electreon Wireless Ltd (ELWS.TA) operates as a pure-play wireless electric vehicle charging infrastructure provider, specializing in Electric Road Systems (ERS) that enable dynamic (in-motion) and static (parked) charging through inductive coil technology embedded in roadways[1][2]. The Israeli company focuses exclusively on developing shared charging platforms for commercial fleets and public transportation, with 18 active projects across eight countries as of June 2025[1][2]. Electreon's technology aims to solve range anxiety and reduce EV battery sizes through continuous charging capabilities. NextNRG Inc (NXTT) employs a diversified energy infrastructure model combining wireless EV charging, smart microgrid development, and mobile fuel delivery services[3][4]. The U.S.-based company positions itself as an AI/ML-driven energy solutions provider, targeting both transportation and stationary energy markets through its Utility Operating System platform[5][4]. NextNRG's wireless charging division represents one component of a broader strategy that includes renewable energy generation and conventional fuel distribution. Business Model Differentiation Aspect Electreon Wireless (ELWS.TA) NextNRG (NXTT) Revenue Model Project-based contracts + Charging-as-a-Service (CaaS) Hybrid model: Energy infrastructure ownership + CaaS Key Customers Municipalities, public transit agencies, auto OEMs Commercial fleets, municipalities, retail energy users Geographic Reach 8 countries (Israel, Sweden, Germany, USA, etc.)[1] Primarily U.S.-focused with European subsidiaries[6] Technology Focus Dedicated wireless EV charging infrastructure Integrated energy systems with AI-driven optimization Electreon employs a focused infrastructure-as-a-service approach, financing and installing wireless charging systems for fleet operators who pay per usage[1][2]. In contrast, NextNRG combines infrastructure development with energy generation assets and legacy fuel services, creating cross-subsidization opportunities between renewable and conventional energy verticals[4][7]. Technological Architecture Comparison Electreon's Wireless Charging System: • Road-Embedded Coils: Copper inductive charging coils installed 8-10 cm below road surface[1] • Vehicle Receivers: Universal receiver units compatible with multiple vehicle types[1] • Cloud Management: Real-time power distribution monitoring and optimization[1] • SAE J2954 Compliance: Standardized wireless power transfer at 11kW-22kW[1] NextNRG's Energy Ecosystem: • Bidirectional Charging: Vehicle-to-grid (V2G) capability in static charging systems[3] • AI Microgrid Controllers: Patented algorithms for renewable energy storage optimization[5] • Hybrid Deployment: Combines dynamic charging roads with solar-powered stationary chargers[4] • Fuel Integration: Mobile diesel/gasoline delivery complements EV infrastructure[4] While both companies utilize inductive charging, Electreon's technology demonstrates higher maturity in dynamic charging applications, with public road deployments in Detroit and Gotland[1][2]. NextNRG's system emphasizes energy system integration, using charging infrastructure as a grid stability tool through V2G capabilities[3][5]. Financial and Operational Metrics (Q1 2025) Metric Electreon Wireless (ELWS.TA) NextNRG (NXTT) Market Cap $220 million[2] $833 million[8] Revenue (TTM) $24.92 million[9] $16.23 million (Q1 2025)[7] Revenue Growth 28.6% YoY (2023-2024)[9] 146% YoY (Q1 2025)[7] Net Income -$92.18 million (TTM)[9] Not disclosed R&D Investment 32% of operating expenses[10] 18% of revenue[7] Geographic Revenue 100% Israel[1] 89% U.S., 11% Europe[7] Electreon shows deep R&D commitment with consistent losses (-$92.18M TTM) as it scales infrastructure projects[9][10]. NextNRG demonstrates rapid top-line growth (146% YoY) through its hybrid model but lacks profitability transparency[7]. The Israeli firm's concentrated geographic revenue exposes it to regional risks, while NextNRG's U.S. focus aligns with recent IIJA infrastructure funding opportunities. Stock Performance Analysis (June 2025) Parameter Electreon (ELWS.TA) NextNRG (NXTT) Current Price 5,950.00 ILS ($1,580 equivalent)[9] $1.94[8] 52-Week Range 5,870 - 25,020 ILS[9] $0.22 - $6.00[8] YTD Performance -65.15%[1] +4166.67% (30-day)[8] P/E Ratio N/A (negative earnings)[9] 0.69[8] Beta 0.90[9] Not available Short Interest 8.2% of float[1] 4.9% of float[8] Electreon's stock has faced significant correction (-65.15% YTD) following project deployment delays and copper price volatility impacting installation costs[9][1]. NextNRG exhibits extreme volatility, with a 4166.67% 30-day surge following STAT-EI acquisition news, despite posting negative EPS (-$1.77)[8][4]. The disparity in valuation multiples (NXTT's P/E 0.69 vs ELWS's N/A) reflects differing market perceptions of their business model sustainability. Strategic Risks and Opportunities Electreon Risks: 1. Dependence on Municipal Contracts: 72% of pipeline tied to government tenders[1] 2. Copper Price Sensitivity: 45% of installation costs copper-dependent[10] 3. Technology Standardization: Competing with conductive charging infrastructure[1] NextNRG Risks: 1. Model Complexity: Balancing EV charging with legacy fuel operations[4] 2. Acquisition Integration: Post-STAT-EI merger execution risk[4] 3. Regulatory Uncertainty: V2G policy frameworks in development[5] Shared Opportunities: • U.S. NEVI Program: $5 billion federal EV infrastructure funding[7] • European Green Deal: 2035 ICE ban accelerating charging demand[1] • Fleet Electrification: Last-mile delivery and transit agency mandates[4][1] Future Outlook and Investment Considerations Electreon Wireless presents a high-risk, high-reward proposition for investors comfortable with long infrastructure deployment cycles. The company's first-mover advantage in dynamic charging and SAE standardization leadership position it well for fleet electrification mandates[1][2]. However, its concentrated project pipeline and negative cash flows (-$55.8M TTM) require patient capital[10][9]. NextNRG offers speculative growth potential through its hybrid energy model, leveraging AI/ML capabilities across microgrids and charging systems[5][7]. The 146% YoY revenue growth and $6.15M March 2025 sales suggest scaling traction, but the company's negative profit margin (-10,857.97%) and complex acquisition strategy raise sustainability concerns[8][4]. Institutional investors might prefer Electreon's pure-play technology exposure and automotive OEM partnerships (Ford, Stellantis)[1], while growth-oriented retail investors could favor NextNRG's multi-sector energy platform and recent momentum[7][8]. Both companies face execution risks in an evolving regulatory landscape, but their contrasting approaches to EV infrastructure development create complementary market positions rather than direct competition. Disclaimer I own shares of Company Name and may buy or sell shares at this time without prior notice. This statement is not a recommendation to buy or sell securities and it reflects my personal investment decisions.
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Elevate1
Elevate1 Jun. 4 at 8:46 PM
$NXXT The Israeli Company will make an excellent symbiotic partner for NXXt
0 · Reply
SOD2Enthusiast
SOD2Enthusiast Jun. 4 at 3:00 PM
$NXXT Electreon: Pioneering Wireless Electric Vehicle Charging Infrastructure Electreon Wireless Ltd., an Israeli technology company founded in 2013, represents a groundbreaking advancement in electric vehicle charging infrastructure through its development of wireless Electric Road Systems (ERS) that enable vehicles to charge while driving, parked, or stationary. The company has emerged as a global leader in wireless EV charging solutions, operating 18 projects across 8 countries with more than 100 partners, and has been recognized by Time Magazine as one of the world’s top 100 inventions for 2021. Electreon’s innovative approach addresses critical challenges in electric vehicle adoption, including range anxiety, battery size limitations, and charging infrastructure constraints, while offering both dynamic charging capabilities for vehicles in motion and stationary charging for parked vehicles. Company Foundation and Mission Electreon was established in 2013 by co-founders Oren Ezer (CEO) and Hanan Rumbak with a fundamental mission to accelerate carbon neutrality through practical, scalable wireless charging solutions. The company’s vision emerged during a period when climate concerns were less prominent and electric vehicles were rare, but the founders recognized the need for innovative charging infrastructure to support widespread EV adoption. As CEO Oren Ezer explained in a shareholder letter, “A world protected from extreme climate change is only possible with practical, scalable innovation,” emphasizing that Electreon’s technology enables “charging vehicles anytime, anywhere, enabling ongoing operation, battery reduction and energy deployment around the clock”. The company’s approach addresses the fundamental challenge of electrifying the global stock of 1.4 billion internal combustion engine vehicles by developing convenient technology that eliminates range anxiety while minimizing EV battery and electric grid impacts. Electreon’s founders understood that the transition to electric transportation required more than simply replacing gasoline engines with batteries – it demanded a complete reimagining of how vehicles receive power throughout their operational lifecycle. Wireless Charging Technology Architecture Electreon’s wireless charging technology operates through a sophisticated three-component system designed for both dynamic and stationary charging applications. The foundational element consists of copper coils installed just below the road surface in dedicated zones, highways, bus stations, parking lots, and logistics centers. These coils are strategically placed and covered with asphalt, allowing the Electric Road to begin charging EVs immediately upon completion. The installation process is optimized for minimal disruption, with deployment typically occurring at night and capable of covering up to one mile of wireless Electric Road in a single evening. The vehicle-side component includes a receiver unit that captures wireless energy from the road-embedded charging coils and transfers it directly to the vehicle battery. This technology utilizes inductive coupling between the copper coils and vehicle receivers, creating a magnetic field that transfers electricity wirelessly when an equipped vehicle passes over or parks on the charging segments. The system is designed to be vehicle and battery agnostic, meaning it can work with various EV models and battery types once equipped with the appropriate receiver. The third critical component is Electreon’s cloud-based management software, which enables real-time monitoring, smart charging insights, and systematic coordination of power distribution. A management unit transfers power from the electricity grid to the in-road wireless charging coil segments only when an authorized vehicle is directly above an in-road segment, ensuring safety and efficiency. This intelligent system allows dozens of vehicles to charge simultaneously from the same infrastructure without placing additional pressure on the electric grid. Global Project Portfolio and Real-World Applications Electreon has established itself as a pioneer in wireless charging deployment through numerous high-profile projects across multiple continents, demonstrating the technology’s versatility and commercial viability. In Israel, the company achieved a significant milestone with the world’s first commercial wireless charging terminal for parked urban electric buses, delivered to Electra Afikim in Rosh HaAyin. This groundbreaking facility provides stationary wireless charging to e-buses during both day and night operations at public bus terminals, showcasing the technology’s application in urban public transportation. The company’s largest commercial deployment involves a partnership with Dan Bus Company in Israel, representing the world’s largest commercial wireless EV charging infrastructure for a fleet of 200 public buses. This $9.4 million USD partnership demonstrates Electreon’s charging-as-a-service (CaaS) model, where the company finances the charging infrastructure at terminals and provides comprehensive operation services and maintenance throughout a five-year project period. The implementation allows for reduction of electrical grid connection capacities at bus facilities and enables smaller vehicle batteries, ultimately reducing fleet downtime and extending operational hours. In the United States, Electreon achieved a historic milestone with the installation of the nation’s first public wireless EV-charging roadway in Detroit, Michigan. The quarter-mile segment on 14th Street between Marantette and Dalzelle streets features inductive-charging coils that charge electric vehicles equipped with Electreon receivers as they drive on the road. This project, completed in partnership with the Michigan Department of Transportation (MDOT), the City of Detroit, Michigan Central, Ford, and other stakeholders, serves as a real-world testbed for perfecting wireless charging technology ahead of broader public availability. European projects have further validated Electreon’s technology across diverse climatic and operational conditions. In Sweden, the company completed deployment of a 1.65-kilometer ERS on the island of Gotland, where a 200-meter segment successfully charged a long-haul e-truck traveling at speeds up to 60 km/h. The Swedish project has progressed to include e-bus trials and testing of simultaneous charging capabilities, demonstrating the ERS’s function as a shared dynamic charging platform. In Norway, Electreon won the first electric road tender from the Transportation Authority of Trøndelag County, marking the Nordic EV leader’s adoption of wireless charging technology for AtB’s Bus Rapid Transit routes in Trondheim’s unique geographic and climatic conditions.
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SOD2Enthusiast
SOD2Enthusiast Jun. 4 at 2:28 PM
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