Speaker 1: So that is pended technology that we have that none
of the other wiless technology EB charging technology companies has.
And if you look at where the markets are, if
you don't have bi directional wired charging today, you're pretty
much disqualified from all of the major programs, utility programs
and the like because it's a core functionality of charging
and having what's called smart cities and having those capabilities.
We don't have the technology for wired bi directional charging,
but we have the pen on it.
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Speaker 3: I'm your host, Terry Lutz. Well.
Speaker 4: Hearing a lot about alternative energy. Even with the new administration,
there's going to be changes, but the fact is EV's
all of that are here to stay. And someone who's
at the forefront of this trend, Michael Farcas, is with
us now the company is next NRG.
Speaker 3: Michael is great to have you on.
Speaker 4: So looking at your website, I see you're particularly behind
wireless ev charging. Could tell us a little bit about
that and your approach to it.
Speaker 1: Excellent, Yes, thank you for having me. Yes, one of
our focuses is wireless EV charging. As you may know
my background, I was being a founder of Blink charging,
so I've got over fifteen years in the EV charging
business and without a question, in the future of the
electi vehicle charging is wireless. Every ev manufacturer is now
not only testing it, it's gone through their labs already,
but now have that in their production plans. It's the
most amazing way to fuel your vehicle. And even the
Tesla cyber Taxi that was just be viewed not too
long ago, the sole way of charging that vehicle is
wireless charging. You don't want to add, you know, human
intervention into an economous vehicle, are are right? Our approaches
is very simple. We have four patents and an evy
charging space and we're using that technology to really leverage
ours our position and help us deploy technology where we're
going to own and operate these facilities in the field
as well as using our smart micro good technology to
produce the energy that that that's supplying the field to
the wireless roads.
Speaker 4: Okay, so obviously there's other companies working on the same thing.
Speaker 3: Tesla is working on it. How do you.
Speaker 4: Survive in the world where you have the giant Tesla.
Speaker 1: Well, Tesla license technology for the wireless functionality in their vehicles,
So we plan on ultimately licensing our technology to others
as well. Yes, we are not the only company in
the wireless charging space. There's another one out of Israel
which is really one of the pioneers called Electrion, and
they trade on the right tell it is stock exchange
and they treat for over eight hundred million dollars in
total value. When you look at our technology versus there's
very complementary in certain ways. But of the one of
the functionality that we have one depends that we have
is on bidirectional wireless charging. It's called vehicle to grid.
It would allow us for the charging network to be
able to put electric band from the grid into the
vehicle and also from the vehicle into the grid. Is
that is correct? So that is that is panded technology
that we have that none of the other wireless technology
eb charging technology companies has and if you look at
where the markets are, if you don't have bi directional
wired charging today, you're pretty much disqualified from all of
the major programs, utility programs and the like, because it's
a core functionality of charging and having what's called smart
cities and having those capabilities. We don't have the technology
for wired bi directional charging, but we have the pent
on it. So most companies, whether you're on the charging side,
network right side, bridge side, or even the vehicle side,
you're gonna be you're gonna be violating our pens. Fully,
we plan on collaborating with others and having others being
able to license our technology.
Speaker 4: Really an exciting time As an EV owner myself, I've
had three of them in the past few years. Love
them and either love them or hate them, but if
you've driven them, you love them. So you know the
whole thing of the autonomous vehicle, it's coming here. It's
going to be here much faster than anybody thinks possible.
And that just really fits in with the entire concept
of the wireless charger because you know right now, like
mostly I charge it in my garage, but on occasion
I've got to use a public charger and those are
limited and it's not unusual. There's one near me in
the Westbomd Beach. It's always got people there during the
day you wait online, so I've learned to avoid that one.
But the whole wireless concept will put that in the past,
won't it.
Speaker 3: That is correct.
Speaker 1: You will not have to go somewhere to fuel your
vehicle as you're driving. You're going to be able to
fuel your vehicle.
Speaker 3: You'll be able to pull.
Speaker 1: Into a lane that's marked as a wireless charging lane,
and as you're driving.
Speaker 3: Your car and your fuel, you'll call me fueled.
Speaker 1: In addition, you'll be parking spots that'll be lit up.
I mean, all you do is pull your car into
that parking spot, get out of your par as you
normally would, and again no interaction whatsoever. You're car well,
then have the transaction authenticated. The network will dispense the
electricity and you'll be sent to SMS or text of
how many killout hours your car was filled up with
and what the charges were. Imagine a day when you
buy a car and you put in your payment system,
whether it's a credit card or mobile app, mobile wallet,
and you never ever have to interact with I'm in
the process ever again with your vehicle. That's the future,
and it's not that far in the future.
Speaker 3: You know.
Speaker 4: One of the great things is like and I'm never
going to a gas station. I mean, that is so good.
And the times I go to the public charging thing,
it's all autonomous. You just plug it in. But you
will not miss going to a gas station if you
have an EV's and we're getting there pretty quickly.
Speaker 1: It's it's not far off. You're gonna start seeing next
generation of certain evs. They're going to start counting with
these wireless charging capabilities. The technologies is, the communication protocols
exists and now just an deutroduction of the technology into
the marketplace.
Speaker 4: And they're going to have retrofits as well, because you
got tens of millions of existing vehicles that don't have
the wireless capability. So the profit motive, you know, that's
the next thing you should be working on on once
you sell this off, is retrofitting existing evs.
Speaker 3: But definitely the future.
Speaker 4: So talk to us about microgrids, Michael Significance.
Speaker 3: First, stuff, y'all in it. What is a micro grid
and why should you care about it? Okay?
Speaker 1: Micro rad is the ability of producing electricity locally afficiently,
and we have certain technology that allows us to do
that more efficiently than almost any other company that's out
there today.
Speaker 3: Part of the.
Speaker 1: Relationship with acquiring some of the technology that we had,
a component of it had to do with wireless ev
charging and the other had to do with utility operating
platform technologies and smart microgrid technologies. And these technologies were
developed under an eight hundred plus million dollar Department of
Energy grant that was done in collaboration of next Terra,
FPL and FIU, and we receive the commercial rights to
our acquisition of the company that FIU licensed that technology too.
And there's two ways for us to monetize the technology.
One is literally taking what the same technology that was
applied in the past and created such an efficient network
out there and apply that to other utilities as well.
And it's not about renewables. It's really agnostic as to
have right and the energy sources are being produced. It's
more of being more efficient in doing so, being able
to match supply and demand using artificial intelligence and machine learning,
and had to literally permeate every milk and cranny of
the utility rate and making that utility ridd much more
efficient than it ever was or ever has been anywhere
in the world. That's the technology what we have, and
we have a model of being able to replicate it
for other utilities. In addition, we're able to shrink down
that technology because it's modular in scale and be able
to deploy those that technology locally. We're talking about anywhere
from five megawatts, you know, to projects that we're doing
even seventy five megawatts now in scale, right, I'm looking
at anywhere from like twenty five to thirty million dollars
to about one hundred and fifty million dollars in project
scale and summons. And because of the cash flow and
the definitive cash flow of those assets, you're really able
to finance them using you know, you know, at the
subsidiary level more at SPD level, were having to constantly
issue shares in the right, can company issued debt these
assets once they're turned on, the data turned on, ducing revenues,
defining revenues, and those revenues are typically purchase prior to
zing and putting a shovel on the ground, and those
contracts are typically you know, twenty five even thirty five
years in month. So the smart micro business for us
is something that's really amazing. We have a lot of
money in our pipeline already of being able to deploy
smart microgrid technologies throughout the country, some of it with
Native American tribes. And there's a lot of amazing government programs,
amazing subsidiary subsidies where we're able to you know, have
a bunch of the cost of deployment costs covered through
you know, bonization of the creation or theonization of tax
credits and really help us, you know, cover the cost
of those projects and new cash we are they able
to then cover you know, deck coverage and maintenance and
really do well.
Speaker 3: For us over the long term. Ouch.
Speaker 4: So question for you, like the new administration has demonstrated
hostility towards tax credits for evs et cetera.
Speaker 3: Question is how does that affect you.
Speaker 1: It doesn't.
Speaker 3: We're not an EV charging company.
Speaker 1: Most of our businesses and I'm fueling vehicles, you know,
whether it's providing them with the gasoline that they need.
My customers, you know, at large fleet operators that we
deal with as well as you know, producing smart microgrood technologies.
So evis you know again it's it's a component of
our business. We focus on wireless EV charging and that
that's going to develop, you know, with or without government subsidies.
Maybe a little bit slower, you know, without a question.
But we look at as a global market and when
you look at EV penetration.
Speaker 3: Worldwide, so it's so it's not.
Speaker 1: Sold down and the subsidies, you know, they're not going
to disappear for energy generating that bess.
Speaker 3: Yeah, it is one thing.
Speaker 1: But with setting the government, you know, even you know
with Trump is clear on the fact that this country
needs a lot more energy generation than it currently has.
And you're talking about two three and some people that
they say five x of where we are today, how
you are to report ten x? That's really our market.
Our technology allows the utility today, no matter which one
it is, everyone in the country to operate more efficiently
unless use less fuel to produce the same amount of
electricity that they need to satisfy demand. You're talking about
billions and billions and tens of billions of dollars in
savings that if our technology is implemented immediately, it can
be easily accomplished. That's something that's necessary for every utility
and no matter how they produce electricity, even in countries
like Saudi Arabia, if you're burning petroleum to generate your
electricity using our technology, you will need to burn a
lot less petrole agum to satisfy that exact same demand.
Speaker 3: So it's a.
Speaker 1: Massed as to fuel sources. So again, our technology is
applicable not only to legacy right deployed energy generating assets,
but also to newly deployed and an utility scale as well,
and also on the smart microgrid and and us you
know a lot of our future revenues and and you
know when we talk about firm revenues with with double
A and triple A companies, unicipalities, utilities, these are these
are long term contracts where we're taking our technology, deploying
it in the local community, right understood, generating electricity locally
and selling it whether it's to the utility in local
area or selling it to the universality. So the Trump
programs are not really impacting that side of a business.
There may be less subsidies and grants and rebates, but
we're going to get it from tax incentives and from
you know, all.
Speaker 3: Of that, huh.
Speaker 1: Also from the depreciation aspect, we don't see that DISAPPEARI yes,
So we're we're in a good spot. That's by this way,
if you buy to our to our way of financing
our deployments, we're able to monetize depreciation and the tax credit,
and that covers almost half of the project costs. And
then we're able to use conventional decks to finance.
Speaker 3: The other half.
Speaker 1: So we don't have to you know, share self stock
at the parent level or issue dead at the parent
level to fund any and all of these projects.
Speaker 3: Really fascinating opportunity. I like it.
Speaker 4: The ticker symbol n x x T on the Nasdaq
and the website which you should go to is n
e x T n RG dot com. And if you've
got a question for Michael or myself, shoot me an email.
Klatcarrielots dot com. You'll find a link to next nrg's
site in the show notes to this interview on Financial
Survival Network dot com. And all we ask is when
you go to the site, please sign up for our
free newsletter. Over seventy five thousand FSN community members have
signed up now Obviously not everybody's getting it, but ay,
seventy thousand subscribers is pretty darn good. Michael, appreciate your
stopping by explaining the company to us. I love the
fact it's a Florida company and lots of sunshine here,
so lots of free energy. All we got to do
is get to it right, correct, All right, take care, Thank.
Speaker 3: You, be well.
Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
solution to today's trying times. For the latest, go to
Financial Survivalnetwork dot com. Financial Survival Network now more than
ever