NextNRG Eyes South Bend Site for Energy Center

The Miami-based company signed a non-binding term sheet to buy a 33-acre property in South Bend, Indiana, for a planned energy and data center project.

Updated on Nov. 5, 2026 in Data Centers

NextNRG Eyes South Bend Site for Energy Center

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NextNRG executed a non-binding term sheet to acquire a 33-acre property in South Bend, Indiana, and a binding 10-year lease for the site's existing approximately 50,000-square-foot building with a pharmaceutical company. The proposed $22 million acquisition would be funded with $500,000 in cash, $10 million in Preferred Stock and $11.5 million in debt.

Why it matters

NextNRG says on-site generation could offer a pathway to power availability for prospective customers while longer-term grid interconnection is pursued. The project reflects growing demand for power-ready sites to support data center infrastructure.

The project targets up to 70 megawatts of data center capacity, potentially up to 100 megawatts, on roughly 27 developable acres. The announcement does not yet confirm final approvals or a completed closing.

The players

NextNRG

NextNRG is a Miami-based energy company pursuing on-site power generation and infrastructure projects for prospective data center customers.

The details

The property will be developed as the Lone Wolf Energy Center under a net lease structure, with the tenant paying its share of property taxes, building insurance and common operating costs. NextNRG will focus on power generation, battery storage, microgrid systems and energy management, while a separate partner would handle AI computing infrastructure.

November 5, 2026: NextNRG announced the non-binding term sheet and binding lease.

Roadmap

The deal reflects a broader push by energy developers to secure power-ready land for data center demand. Pairing on-site generation with later grid connection has become a common strategy for projects facing interconnection delays.

For South Bend residents, the project could add new energy and data center capacity to the local economy. The timeline depends on whether definitive agreements, approvals and the Nasdaq listing condition are satisfied.

The takeaway

Power availability is becoming a key factor in where data centers can be built. Watch whether NextNRG completes the acquisition and secures the approvals needed to move the Lone Wolf Energy Center forward.